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Madison India Capital exits Star Health; sells 1.15 pc stake for nearly Rs 299 cr
PI Opportunities AIF V LLP, an affiliate of Premji Invest, bought...
SC takes suo motu cognisance of discharge of industrial waste in Rajasthan’s Jojari river
“This court is taking suo motu cognisance with respect to river...
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations
The regulator carried out a detailed probe after receiving a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long range terrain critical routes, according to a release on Wednesday New Delhi:...
‘Israel-Hamas conflict spillover to region through shipping attacks has impact on India’
Courtsey-FOX News The conflict’s impact on the safety of commercial shipping in the Indian Ocean “has a direct bearing on India's own energy and economic interests”, Deputy Permanent Representative R. Ravindra said on Tuesday at a high-level meeting of the Security...
Sensex tanks 1,053 pts, investors lose Rs 8 lakh crore
Selling by FIIs due to reasons like high valuation and mixed results for the earnings season so far, along with recent escalations in tensions in the Middle East and Red Sea, prompted the investors to book profit from the recent rally Mumbai: Domestic equities opened...
Govt ropes in Deloitte for evaluating new 9 EDs of PSU gen insurance industry
At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection executive directors by the FSIB at the time of final interview New Delhi: The government, for the first time, has roped in...
Moody’s RMS partners with insurtech Alwrite to provide quick quotes to Indian insurers
“ Offering simplified and efficient integration, Moody’s RMS Location Intelligence API solution combines our strength in catastrophe modeling with the latest technology, to deliver risk data into the heart of the innovative Alwrite platform'' Alok Kumar, managing...
Delhi HC recalls order allowing widow to terminate pregnancy over ‘mental health’ concerns
The Centre had approached the high court seeking to recall its order Justice Subramonium Prasad had earlier this month granted permission to the widow, suffering from depression, to terminate her pregnancy saying that its continuation could impact her mental health...
Sony seeks termination fee of $ 90 million for alleged breach by Zee
Zee Entertainment said it categorically refutes all claims and assertions made by Culver Max and BEPL regarding alleged breaches of the MCA by ZEEL, including their claims for the termination fee, and reserves all its rights in this matter New Delhi: Sony while...
Medi Assist Health shares debut with over 11 pc premium
The Rs 1,171.57-crore initial public offer was entirely an Offer-for-Sale (OFS) of up to 2,80,28,168 equity shares. It had a price range of Rs 397-418 a share Mumbai: Shares of Medi Assist Healthcare Services listed with a premium of more than 11 per cent on Tuesday...
EVs development, adoption to play major role in India’s transition to low carbon economy: DPIIT Secy
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry and Internal Trade As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. On the back of increasing EV demand, the Indian government is providing fiscal...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...