Pertinently, the state's appropriate authority has already granted...
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EPFO extends deadline to upload details till Dec 31 for higher pension scheme
The deadline for uploading wage details which was ending on...
Bupa to buy 20% in Indian health JV Niva Bupa from True North for Rs 2700 crore
True North is set to sell around 20 per cent of its stake in the...
Bajaj Allianz General Insurance posts a net profit of Rs 128 crore in Q1
Combined ratio of the company improved to 90.2 per cent in Q1 FY19 as against 95.8 per cent in Q1 FY18.The overall gross written premium for Q1 FY19 increased by 23 per cent to Rs 2,429 crore Rs 1,973 crore in Q1 FY18 and the net earned premium for Q1 FY19 stood at t 1,612 crore vis t 1,334 crore in Q1 FY18 – an increase of 21 per cent.
Near miss incidents in Indian airspace fall in 2017
The count of near miss incidents touched 32 in 2016 before coming down to 28 last year.While 33 such incidents happened in 2014, the number dropped to 25 in 2015
Piyush Goyal to review performance of PSU insurers on Thursday
A lot of issues like merger of three public sector general insurers, launching of National Health Protection Scheme(NHPS), and increasing the reach of various social security schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and review of Pradhan Mantri Fasal Bima Yojana(PMFBY) are expected to be the part of agenda of the Thursday meeting.
US may consider waivers for India on Iran sanctions, says US Treasury Secretary
A delegation from the US State Department and US Treasury are expected for talks in Delhi this week to discuss Iran sanctions, according to Indian officials. US crude oil exports to India hit a record in June as Indian refiners moved to replace supplies from Iran and Venezuela.
IRDAI to revamp regulations on Unit Linked & Non-linked products soon
The Working Group should submit their recommendations to the Member (Actuary) within one month from the date of its constitution
IDBI Bank seeks govt nod to get LIC as new promoter
“The board met today (Tuesday) and conveyed the interest of LIC to hold 51 percent stake in IDBI Bank. We will take a final decision once the government gives its go-ahead,” said B Sriram, MD & CEO, IDBI Bank
ICICI Lombard’s net jumps 35% to Rs 289 crore in Q1
With underwriting losses of Rs 64 cr(Rs155 cr),the company’s Combined ratio, the most crucial financial parameter of a general insurance company, improved to 98.8 per cent in 01 FY2019 from 102.4 per cent in 01 FV2018.
IMF cuts India’s growth projection, but it continues to outperform China
India’s growth rate is expected to rise from 6.7 per cent in 2017 to 7.3 per cent in 2018 and 7.5 per cent in 2019, as drags from the currency exchange initiative and the introduction of the goods and services tax fade, said the IMF’s latest World Economic Outlook (WEO) update.
LIC Board meets on Monday in Delhi to finalise IDBI Bank acquisition deal
The corporation has made elaborate arrangements in terms of presentaions on funding plans and strategies about how it would progress in the entire deal. The two independent directors in the LIC board also expected to ask LIC management questions about deal’s benefit for the 33 crore policy holders of the corporation as the Corporation is facing crticism that it is squandering precious policy holders’ money on a financially battered bank.
LIC board approves acquisition of 51% stake in IDBI Bank
Economic Affairs Secretary S C Garg.said LIC would buy out 43 per cent stake in the bank through preferrential shares.”Open offer for IDBI Bank’s shares may not be required as public holding in the bank is very low.Suppose it is necessary, LIC would go for it” said Garg.