The NPMA should identify interested MSME clusters and industrial...
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IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI,...
LIC chief expresses concern over continued stagnation in number of policies in force
Swaminathan S. Iyer, Member (Life), IRDAI,Dinesh Pant, managing...
Indian stock market remains on consolidation path, DIIs absorb heavy selling
DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers. After the massive FII selling of Rs 113,858 crore in...
Successful completion of pilot run of new Centralized Pension Payments System under EPS Scheme
Mansukh Mandaviya, Minister of Labour & Employment In CPPS, there will be no need for pensioners to visit the bank for any verification at the time of commencement of pension and the pension shall be immediately credited upon release, a labour ministry statement...
Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms without...
LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal
Siddhartha Mohanty, CEO & MD, LIC LIC's plan to pick up some stakes in a stand alone health insurer is in progress and should be announced in the current fiscal,'' Siddhartha Mohanty, CEO & MD, LIC Mumbai: Life insurance behemoth Life Insurance...
SC notice to Centre on plea to include ayurveda, yoga in Ayushman Bharat
The plea, which sought inclusion of the practices in PM-JAY, also known as Ayushman Bharat, said the inclusion would allow a significant portion of the country’s population to avail affordable healthcare benefits and wellness in various serious diseases, apart from...
Amit Ganoakar to succeed Garg as new CEO of Tata AIG General
Amit Ganoakar, MD &CEO designate, Tata AIG General Insurance Market sources pointed out that though there has been no public announcement about the appointment of Ganoakar, Tata Group has already informed the employees through a mail Mumbai: The Tata Group has...
Niva Bupa eyes Rs 2,200-crore via IPO; Sets price band at Rs 70-74/share
Krishnan Ramachandran, managing director (MD) and chief executive officer (CEO), Niva Bupa Health Insurance The IPO is a combination of fresh issuance of equity shares worth Rs 800 crore and an offer for sale of up to Rs 1,400 crore by promoters. The company reduced...
IRDAI wants changes in the functioning of IAC
The new regulation will bring flexibility in conducting number of meetings rather than hardcoding the number of meetings and considering financial year instead of calendar for reckoning the number of meetings, said the IRDAI on Monday. Hyderabad:The Indian insurance...
HC allows disability pension to diabetic former army man
According to the case details, the former soldier was enrolled in the Army on January 20, 2003, and was discharged from service on October 31, 2019, “at his own request on compassionate ground before completion of terms of engagement” in the medical category “due to...
India updates biodiversity action plan, to conserve 30pc areas by 2030
Reducing threats includes eight targets focused on major biodiversity threats, such as land and sea use changes, pollution, overuse of species, climate change, and invasive species, as well as restoring ecosystems, conserving species diversity, and enabling the...