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ICICI Lombard General Insurance net profit rises 18% to Rs 820cr, approves an interim dividend of Rs 6.5 per share
Combined ratio in Q2 FY2026 was 105.1 per cent as compared to 104.5...
Infosys chosen by UK’s NHSBSA to deliver a new workforce management solution
Powered by advanced technologies, the new solution will deliver a...
RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
Cholamandalam General Insurance reports a PBT of Rs 444 crore in FY 24
V. Suryanarayanan, MD&CEO, Cholamandalam General Insurance The insurer has recorded a gross written premium of Rs 7,598 crore for the financial year ending March 31, 2024.The company said due to the impact of natural calamities like Cyclone 'Biparjoy', 'Michaung'...
Indian economy remains in bright spot: Ministry of Finance
"While a record Rabi crop will help in moderating cereal prices, the increasing occurrence of weather shocks poses an upside risk to food prices. Geopolitical tensions and their effect on oil prices add to this risk. However, Kharif crop prospects look bright at this...
FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into issues related to the insurance sector during 2022-23 fiscal and the revised guidelines laid "special stress" for generating alerts in cases of frauds experienced by the insurance firms and analyse...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information Technology "With this space (cyber security) getting critical, national risks are also huge. It is not at the individual level but even at the national level, the cyber security risks are huge. What we...
SBI General reports a 30.4% rise in net profit at Rs 240 crore in FY 24
Kishore Kumar Poludasu,MD and CEO,SBI General Insurance "The retail business led by Motor and Health have shown strong growth. SBI General Insurance continues to be No. 1 in the Personal Accident segment in the private market, along with its strong presence in various...
US food regulator gathering information on Indian spices after alleged contamination
MDH and Everest spices are among the most popular in India and are also sold in Europe, Asia and North America. India's food regulator, the Food Safety and Standards Authority of India (FSSAI), is now checking the quality standards of the two companies, following the...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for transitioning towards Risk-Based Supervision, Risk Based Capital frameworks and convergence to International Financial Reporting Standards (Ind-AS) took center stage of the latest Bima Manthan, with...
South India faces water crisis as reservoir levels plunge to just 17 pc: CWC
The reduced storage levels in the southern region are indicative of worsening water scarcity and potential challenges for irrigation, drinking water supply and hydroelectric power generation in these states New Delhi: The southern region, encompassing states of Andhra...
SBI Life Q4 net profit grows by 4% to Rs 811 crore
SBI Life said it registered a growth of 9 per cent in the value of new business (VoNB) to Rs 5,550 crore in FY24.VoNB is the present value of expected future earnings from new policies written during a specified period. Mumbai: SBI Life Insurance, the second largest...