Uttarakhand has been hit hard by natural calamities this monsoon...
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Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days
"The Sensex ended Friday's trade on a subdued note, slipping 270.92...
LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25
LIC had an asset base of Rs 56.23 lakh crore as of June , 2025...
LIC projects double digit growth in FY24, plans to launch innovative products: Chairman
"We are projecting double-digit growth over the last year. We are going to achieve that because a recent trend is showing uptick in individual retail business. In order to further reinforce our commitment, we are going to launch some new attractive products," LIC...
AM Best revises GIC Re’s Credit Rating outlooks to positive from stable, assigns National Scale Rating
Ramaswamy Narayanan, chairman and managing director, GIC Re The revision of the Long-Term ICR outlook to positive from negative reflects an improvement in AM Best’s view of GIC Re’s balance sheet strength and ERM fundamentals `With positive Credit Rating...
NHAI to undertake safety audits of under-construction tunnels across India
With a total length of about 79 km, the 29 under-construction tunnels are spread across the country with 12 tunnels in Himachal Pradesh, six in Jammu and Kashmir, two each in Maharashtra, Odisha, Rajasthan, and one each in Madhya Pradesh, Karnataka, Chhattisgarh,...
India wants private money for coal-fired plants despite Western opposition
Private power companies were told that the majority of the peak-hour electricity demand in India can be met by coal-based power stations, since storage technologies are costlier to support solar and wind-based energy generation, officials said. New Delhi: India on...
UCO Bank recovers 79% of wrongly credited amount after technical glitch, reports to CBI
The state-owned bank is yet to clarify whether this technical glitch was due to human error or a hacking attempt New Delhi: UCO Bank on Thursday said the bank has retained or recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of...
K’taka CM Siddaramaiah writes to Delhi to expedite releasing drought relief funds
Siddaramaiah,Chief Minister,Karnataka The chief minister pointed out that out of 236 taluks, 223 have been declared drought hit in Karnataka. Among them, 196 are categorised as severely drought affected Bengaluru: Karnataka Chief Minister Siddaramaiah on Wednesday...
InGovern alleges regulatory breach in ESOPs to Religare Enterprises chairman, seeks regulatory probe
Rashmi Saluja, chairperson, Religare Enterprises Limited Shares of CARE Health Insurance were issued to Rashmi Saluja, executive chairperson, Religare Enterprises Limited(REL), through ESOPs, despite rejection from IRDAI and no approval from the shareholders of REL...
Equity investors become richer by Rs 3.29 lakh cr as markets rally over 1 pc
''This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up. The drop in the CPI for India also improved the mood,'' said Vinod Nair, Head of Research at Geojit...
National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24
``Yes, we have improved on all key parameters of our operations to earn some profit in the first half the year. Going forward, our efforts will be to sustain profitability. Our primary focus will be profitability and not just the topline growth. We now know the pain...
12 insurers complete their integration with National Health Claim Exchange
Under the Digital Health Incentive Scheme, to encourage efficiency in insurance claim processing, there is a provision that for every insurance claim transaction through NHCX, financial incentives of Rs 500 per claim or 10% of the claim amount, whichever is lower...