In the meeting held recently, it was decided that all stakeholder...
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Global banks expand maternity benefits to retain women in India
Banks are hungry for talent in India. With US-China tensions...
States reverting to old pension scheme fiscally unsustainable: RBI paper
The immediate gain for states shifting back to the OPS is that they...
Reliance General’s net profit at Rs165 cr, up 27 %, in 2017-18
LIC’s FYP income jumps 13.5% to record Rs 1.34 trillion in FY18
LIC continues to retain its market leadership with a market share of 69.40 percent in terms of first-year premium income and 75.67 percent when it comes to number of new policies sold,” the Corporation added.
Royal Sundaram launches ‘Family Plus- The 5G Health Insurance Plan’
Highly customisable health insurance plan covering upto 19 members in a family with individual sum insured for each member and a floater sum insured that can be used by any one or more of the family members within the overall sum insured. It covers 11 Critical Illness, Maternity Benefit, Emergency Domestic Evacuation, Vaccination in case of Animal Bite and Health & Wellness
IDBI Federal Life records 94 pc jump in net profit to Rs 101 cr
Vighnesh Shahane, CEO, IDBI Federal Life Insurance said: “Our customer-focused approach and enhanced tech capabilities across operational processes resulted in boosting of the persistency ratio. This coupled with our continuous effort of bringing in efficiencies in the distribution channels – digital and relationship-based – has helped us achieve consistent year-on-year delivery of superior results.”
ICICI General posts 18 % jump in net profit to Rs211.87 cr in Q4FY18
Combined ratio of the company was 99.5 pc in Q4 FY2018 as compared to 97.1 pc in Q4 FY2017. The company’s loss ratio was 78.5 pc in Q4 FY2018 as compared to 75.4 pc in Q4 FY2017 due to adverse crop loss experience.
Internet shutdown cost Indian economy $3 bn from 2012-17: Study
According to the report, 12,615 hours of mobile Internet shutdowns in India cost the economy approximately USD 2.37 billion and 3,700 hours of mobile and fixed line Internet shutdowns in India resulted in a loss of approximately USD 678.4 million during the period 2012 to 2017
nvestment reviving, growth to speed up in FY19: RBI Governor
The Indian economy gave a resilient performance in 2017-18, Patel said. This was supported by an acceleration in manufacturing, rising sales growth, a pickup in capacity utilisation, strong activity in the services sector and a record agricultural harvest, the RBI governor added
AI won’t mean fewer jobs in India overall: Bibek Debroy
Last month, former RBI Governor Raghuram Rajan, had said that with advances in machine learning, AI and robotics, this was going to change still further, as they take up the jobs, ranging from those in unskilled sweatshops to high-skilled professions like medicine.
ICICI Pru Life net declines 17% to Rs 340 cr in March quarter
For the full year, net profit declined to Rs 1,619.17 crore in 2017-18 from Rs 1,681.66 crore in 2016-17.
Total income, however, grew to Rs 38,217.43 crore in 2017-18 from Rs 37,193.04 crore in the preceding fiscal.
Indian cos need to brace up for EU data protection regulation: PwC
“It is important for Indian companies to brace up their security which will help them embrace GDPR. It is important for the companies to inform and educate their key stakeholders on the impact, enabling right planning of resource allocation with a right timeframe,” said Sivarama Krishnan, Leader, Cyber Security, PwC India.