In a letter to Civil Aviation Minister Ram Mohan Naidu, the pilots’...
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“Maritime security emerges as a major challenge in the world today”
Former National Shipping Board member Captain Sanjay Parashar said...
Non-recovery of train ticket from deceased passenger can’t defeat compensation claim: SC
The Supreme Court has said the absence of recovery of a train...
Dark patterns must be eliminated from insurance sector: IRDAI Chairman
Lto R-Narendra Bharindwal, president, Insurance Brokers Association of India (IBAI),K Rajaraman, chairman, IFSCA, Ajay Seth, chairman, IRDAI and Tapan Singhel, MD&CEO, Bajaj Allianz General Insurance at silver jubilee conclave of IBAI on Saturday in New Delhi...
Rising Motor TP losses weighs on NIA’s Q1 results
"The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward to a...
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus
Pauline Leclerc-Glorieux, CEO, BNP Paribas Cardif said "We are very pleased to announce this new partnership with Bank of Baroda, a major bank in India, a key strategic market with a compelling growth opportunity for BNP Paribas Cardif. This transaction will further...
SBI Life posts higher quarterly profit, expects margins to improve
"We have definitely seen the margin bottoming out," SBI Life MD and CEO Amit Jhingran said in a post-earnings call. "Going forward, with higher focus on individual policies, margin is going to be towards the upper range of our guidance." BENGALURU: SBI Life...
Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer's consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will launch...
Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips
The insurer said Rekha Jhunjhunwala's direct stake declined after 7.82 crore equity shares were transferred to Sitara Partners LLP, a promoter entity in which she is a Designated Partner, following the transmission of shares inherited from the estate of late investor...
New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era
From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA's 108th Foundation Day celebration on Wednesday in Mumbai "The...
Sikkim tunnel collapse: 22 bodies recovered,explosion suspected to have been caused by methane gas
Twenty-five workers were inside the under-construction NHPC Teesta Stage VI Hydropower Project tunnel, which collapsed following an explosion suspected to have been caused by methane gas shortly after 1 pm on Monday. Namchi:The bodies of 22 workers have been retrieved...
Blackstone, former HDFC ERGO CEO Anuj Tyagi join hands to launch general insurer in India
The proposed venture is expected to become the first new insurance company with up to 90 per cent foreign ownership following the government's decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent Mumbai:Global investment...
Govt advances small reactor plans, targets five nuclear units by 2033
India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector. It aims to expand nuclear capacity to 100 GW by 2047 from about 8.8 GW at present. NEW DELHI: India said on...