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Ayushman Bharat covers treatment for mental wellness, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman Noting that stress among...
Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs
''For merchandise exports of India, the war may lead to higher...
Max Life- Axis Bank partnership crosses Rs. 10,000 crore in new business premium
Regular training on products and selling techniquesis provided to around 29,000 specified persons in Axis Bank. This training and the high quality of talent at Axis Bank has resulted in constant increase in productivity
483 dead, flood loss more than Kerala’s annual outlay: Kerala CM
“The latest figure is — there are 59,296 people in 305 relief camps. A total of 57,000 hectares of agriculture crops have been destroyed. An approximate estimate of the loss is more than the annual outlay of our state,” said Chief Minister Pinarayi Vjayan
Prepare a list of the public sector banks that can be merged: Govt asks RBI
In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isn’t public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight.
IBM partners with Indian tech firms for solutions to tackle natural disasters
“2017 has been the costliest year ever for natural disasters in the Indian sub-continent. At the same time, India has the second largest developer community with 3.5 million developers – a community with great potential to create innovative solutions,” Seema Kumar, Country Leader, Developer Ecosystem and Startups at IBM, said.
LIC Board to meet on September 4 to decide modalities for raising stake to 51% in IDBI Bank
The board of Insurance Regulatory and Development Authority of India (Irdai), at its meeting held in Hyderabad in June, had permitted LIC to increase its stake from 10.82 percent to 51 percent in IDBI Bank
Buffett’s Berkshire confirms stake buy in Paytm, pegged at Rs 2500cr
Billionaire Chairman Warren Buffett’s assistant, Debbie Bosanek, confirmed Berkshire’s investment in India’s One97 Communications Ltd in an email. She said Buffett was not involved in the transaction.
LIC board gives in principle approval to acquire 14.9% stake In IDBI Bank
“The Bank has received a letter dated August 28, 2018 from LIC giving their in principle approval for subscription of the equity shares on preferential basis subject to their total exposure not exceeding 14.90 per cent of post issue capital of IDBI Bank at any point of time,” IDBI Bank said in a regulatory filing.
India to be one of world’s blockchain leaders by 2023: Survey
A blockchain is a distributed ledger technology that stores information across multiple systems securely to enable peer-to-peer transactions by creating a trustworthy source.Banks and other financial institutions are increasingly investing in blockchain technology as it cuts down their costs and makes their operations faster and more transparent.
IRDAI unveils pricing & procedures for long term motor policy
Insurers may price the Own Damage component of the long term package covers suitably, in line with their current approach for pricing. Given the immediate need to offer long term package covers, insurers may start issuing such policies effective 1st September, 2018 even while ensuring filing such products under the File and Use Guidelines before 15th September, 2018, said P J Joseph, member, IRDAI
LIC eyes to become a `Global Financial Conglomerate’’:Chairman Sharma
“This is my ultimate vision for LIC @75. A place where all kinds of people, with all kinds of needs and in all kinds of places , are served under just one roof, that of LIC of India and they need not go anywhere else, ever,’’ explained Sharma while having brainstorming session attended by the middle and senior functionaries of LIC