Some of the names who are belived to have applied for the post of...
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Jan Dhan accounts now hold Rs 2.75 lakh crore
M. Nagaraju, Secretary, Department of Financial Services. About...
IndiGo board’s crisis management group regularly monitoring situation: Airline
The statement came a day after the IndiGo CEO Pieter Elbers and COO...
India Yamaha Motor recalls 300,000 scooters to rectify brake parts
The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect New Delhi: India Yamaha Motor is recalling around 300,000 units of its 125 cc scooter models Ray ZR 125 Fi Hybrid and...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
Road ministry clarifies legal status of bike taxis
'It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, 'motorcycles' shall fall within the ambit of Section 2(7) of...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
Six PSU general re/insurers promote 16 officials as GMs
The government is yet to decide about the dates for holding interviews for selecting two CMDs, one for United India Insurance and another for New India Assurance and nine EDs for six companies New Delhi: Six PSU general insurers including GIC Re, who are members of...
IRDAI unveils regulations for Bima Sugam, services will be free for customers
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
IMA and Hospital Board of India raise concerns over newly launched `Cashless Everywhere’ scheme
The `Cashless Everyehere’ initiative has been rolled out without adequately addressing the concerns raised by the Indian Medical Association and Hospital Board of India. There is an absence of clear guidelines and procedures governing the implementation of the...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens," IRDAI's chief Debasish Panda said, acknowledging the role of...
Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India ``Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be...
AIIMS Delhi moves to cashless system with introduction of digital patient care card service
Calling it a significant step for digital India, the Health Minister stated that this initiative marks the first move towards "One Nation, One AIIMS, One Card." "AIIMS Smart Payment Card will resolve the long-pending issue of patients from far-flung areas carrying...