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Substantial growth in insurance biz since GST rationalisation: Irdai’ Sood
"What we've seen in October, that is an indication of how things...
Finmin asks hospitals, insurers to make healthcare affordable and accessible for policyholders
M Nagaraju, Secretary,Financial Services , Ministry of Finance The...
Market sentiment remains cautious amid West Asia crisis
Of the total FPI AUM of around $ 652 billion financial services account for $213 billion and IT accounts for $ 64 billion. It is important to note that stock prices in these segments are weak due to FPI selling and not due to any fundamental factors New Delhi: In the...
“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA
Consumer Affairs Secretary Rohit Kumar Singh mentioned that the National Consumer Helpline has received about 10,000 complaints related to the airline sector in the last year. The report states further that the maximum number of complaints were received by Indigo (61)...
Sebi turns up heat on unregistered influencers giving tips on social media
Sebi has repeatedly warned investors about the dangers of acting on dubious advice on social media, and has taken action against at least 29 unregistered entities for giving recommendations Mumbai: India’s legion of financial influencers are once again under the...
Bagi’s net profit records a 40% jump to Rs 468 crore in Q2
Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance With an underwriting profit of Rs 37 crore, Bajaj Allianz has reported a healthy combined ratio of 95.3% for Q2 FY 23-24 Pune: Bajaj Allianz General Insurance(Bagi) reported a net profit of Rs 468 crore with...
Irdai sets up panel to simplify wording of insurance polices
The Insurance Regulatory and Development Authority of India (Irdai) said policyholders often find it difficult to comprehend the terms and conditions in insurance policy contracts because of the complexity of the language used New Delhi: Regulator Irdai on Thursday...
Sensex plunges more than 800 points to fall below 64k mark
In the whole of October, the Sensex has plunged over 2,600 points so far leaving investors poorer by Rs 9.8 lakh crore in the month.. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said there is risk-off in global equity markets triggered...
India should not agree to take binding commitments on free cross-border data flows under IPEF: GTRI
The framework,launched jointly by,14 IPEF partners represent 40 per cent of global GDP and 28 per cent of global goods and services trade, is structured around four pillars relating to trade, supply chains, clean economy, and fair economy (issues like tax and...
Reinsurers stick to rule book, to pay only upto Rs 500 crore as claims for Rs 12,000 cr Teesta Hydro power project
“For Sikkim event, loss assessment is underway. We do not expect it to be a major event based on initial information available,” said Hitesh Joshi, general manger, GIC Re to Asia Insurance Post ``Our hands are tight, We will go by the rule book and the...
India to surpass Japan to become 2nd largest eco in Asia by 2030: S&P Global
India’s nominal GDP measured in USD terms is forecast to rise from USD 3.5 trillion in 2022 to USD 7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second largest...
Cyber experts express concern about data security in India
Digital Personal Data Protection (DPDP) Act, 2023 has instilled more confidence among multi-national corporations (MNCs), though they have been concerned about security in India, Businesses are always shy about sharing information that is critical for protecting...