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Reliance Jio to launch IPO in first half of 2026, expand business overseas: Mukesh Ambani
Mukesh Ambani,Reliance Industries Chairman and Managing Director...
AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz
Commenting on the issue, APHI Director General Girdhar Gyani said,...
Govt searches Aviva Life insurance office for alleged tax evasion-sources
The Aviva searches are part of a broader investigation involving many insurers who face allegations of at least $610 million in unpaid dues, a senior Indian government official, said. New Delhi: India's tax inspectors searched the office of British insurance giant...
Airlines bound by promised delivery date given by their agents: SC
A bench of Justices A.S. Bopanna and P.S. Narasimha said that an agent of Kuwait Airways had promised that the goods shall be delivered within one week but the shipment was delivered after one-and-a-half months, adding that “there was negligent delay in the delivery...
90 pc organisations say generative AI will help add new lines of biz over 12 months: PwC
The report also revealed that in 2024 cyber investments are expected to increase to 14 per cent, up from 11 per cent in 2023, highlighting the growing importance of cybersecurity in organisations' overall strategies New Delhi: As many as 90 per cent of the...
Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh
RR Singh, CMD, Oriental Insurance Company, admitted that the company aims to be profitable in FY 24 despite having many of the complex financial problems like lack of capital and required solvency New Delhi/Mumbai: After years of heavy losses and despite having severe...
SBI General Insurance issues its first surety bond as bid security for NHAI
NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative Insurance surety bond has been issued for NHAI monetization bid of TOT bundle 14 @ 0.25% by the insurer without...
Soon certain category of 4-wheelers will have inbuilt collision warning signal: Morth
The road ministry proposal assumes significance as the number of road accidents in India went up by an alarming 12 per cent to over 4.6 lakh in 2022, resulting in the deaths of 19 persons every hour New Delhi: The Ministry of Road Transport and Highways (MoRTH) has...
LIC Q2 net profit at Rs 7,925 crore on lower income, ropes in BCG for digital transformation
`We are conscious of the market dynamics in certain parts of our business and are working towards profit-oriented consolidation. The distribution mix is also more diversified with increase in share of Bancassurance and Alternate Channels. We continue to remain focused...
GIC Re’s net profit falls 14% to Rs1605 cr in Q2FY24, resumes topline growth
``Having had significant degrowth in last few quarters, we believe that we are at a point where growth with profitability should drive our business strategy'' N Ramaswamy, CMD GIC Re Though, GIC Re’s underwriting losses have risen by 60 per cent y-o-y to Rs 1472...
Insurers to lead bids for Reliance Industries’ mega bond issue – bankers
"There is demand from long-term investors like insurance and pension funds. There has been a limited number of corporate bonds issuance in longer tenor in the last two quarters, so, this RIL issue comes at an opportune time," said Badrish Kulhalli, head of fixed...
Mumbai air quality deteriorates, health alert issued in CST area
The Bombay High Court on Monday passed interim directions for the Maharashtra government and municipal authorities in Mumbai and surrounding areas to mitigate the issue of worsening air pollution Mumbai: Air quality in Mumbai continued to remain in the 'Moderate'...