Globally reinsurance buyers enter the January renewal season with...
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RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned...
Shriram Life Insurance reports a flat profit of Rs 158 crore in FY 24
Casparus J H Kromhout, MD & CEO, Shriram Life Insurance said, “These results aptly reflect the work we started a year ago by bolstering sales and aggressively expanding across rural India. 41 per cent of the total policies sold by Shriram Life Insurance are from...
Kerala flood: Heavy rains wreak havoc, 11 dead
Revenue Minister K Rajan today said parts of Kerala received over 20 cm of rain in the last 24 hours and added that a total of 11 people have lost their lives in the state in various recent rain-related incidents Thiruvananthapuram: Heavy rains continue to lash Kerala...
Loss Of 2.33 million hectares of forest cover: NGT Seeks MoEF&CCs response
The tribunal was hearing a matter where it had taken suo motu (on its own) cognisance of a newspaper report claiming a loss of 2.33 million hectares of tree cover across states since 2000 The NGT also sought a report from the director of the Survey of India showing...
Seven dead more than 40 injured in massive blast at chemical factory in Thane district
Five men and two women were killed in the incident but their bodies were charred beyond recognition, said Yasin Tadvi, chief of the disaster management cell of the Thane Municipal Corporation Thane: As many as seven persons were killed and more than 40 injured...
India to get rating support if it uses RBI dividend to reduce deficit: S&P
"The additional dividends from the RBI are around 0.35 per cent of GDP. Whether it would support the narrowing of the fiscal deficit in fiscal 2024-25 would really depend on the final budget that would be passed after the June election results," said S&P Global...
Corporate affairs ministry fines Nadella, LinkedIn India, for violations of companies law
Satya Narayana Nadella, executive chairman and CEO, Microsoft In a 63-page order, the Registrar of Companies ((NCT of Delhi & Haryana) said that LinkedIn India and the individuals violated the Significant Beneficial Owner (SBO) norms under the Companies Act, 2013...
RCap administrator seeks 90-day extension from NCLT to implement resolution plan
The deadline for the implementation of the approved resolution plan was May 27, 2024. NEW DELHI: The administrator of debt-ridden Reliance Capital (RCap) has moved NCLT, seeking a 90-day extension beyond the deadline to implement the Rs 9,661 crore resolution plan...
Go Digit shares settle with over 12 pc premium in debut trade
The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. During the day, it climbed 15.44 per cent to Rs 314. Shares of the company ended at Rs 305.75 apiece, up 12.40 per cent New Delhi: Shares of Go Digit General Insurance Ltd,...
New India doubles its net profit to Rs 354 cr in Q4FY24
Titus Francis, executive director, NIA "NIA has delivered excellent results in FY24, despite adverse impact of several catastrophic claims during the year. It has recorded a 128 per cent growth in its net profit in Q4. On individual lines, Motor third party loss ratio...
Who undertakes film certification for OTT, social media platforms: HC asks Centre
The court has asked the Centre and Central Board of Film Certification (CBFC) to file a counter affidavit apprising it whether there is any other arrangement for OTT films or whether CBFC is authorised to give certificates to them too Lucknow: The Lucknow bench of the...