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PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26
The company's insurance premium grew 36%, led by a 65% rise in new...
Insurance premium for aircraft expected to go up, says IndiGo CEO
During a virtual interaction post announcing the June quarter...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said The company had said that borderline solvency was creating business hesitation in corporate clients, government...
Govt appoints N Ramaswamy as GIC Re CMD, Rajeswari Singh to head NIC
(Lto R) Narayanan Ramaswamy, CMD-designate, GIC Re and Rajeswari Singh,CMD-designate, National Insurance Company Ramaswamy will get exactly a two-year term till Sept, 2025,while Singh, who started her career in the crop cell of General Insurance Corporation in 1987,...
Govt eases Covid guidelines for i’ntl travellers, drops RT-PCR requirement
The new guidelines shall come into effect from midnight of July 20 New Delhi: The Union Health Ministry has further eased COVID-19 guidelines for international visitors, dropping the earlier requirement for RT-PCR based testing of a random two per cent subset of...
All new tourist vehicles in Goa to be EVs from Jan 2024: CM Sawant
Chief Minister Pramod Sawant said new vehicles purchased by the government from January 2024 will mandatorily be EVs As per a recent study, 40 per cent of the total carbon emission generated in Goa is due to the operation of vehicles, he said. Panaji: All new tourist...
PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty
Deepak Mohanty,Chairman, Pension Fund Regulatory and Development Authority The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme New Deelhi: Pension Fund Regulatory...
ICICI Pru net profit rises 33 pc to Rs 207 crore in April-June quarter
Anup Bagchi, managing director & chief executive who assumed office mid-June, attributed the performance to the customer-centric approach and said the company will continue to focus on growing the absolute VNB Mumbai: Backed by robust investment income, ICICI...
ICICI Lombard net jumps 11.8 pc to Rs 390 crore in June quarter
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The combined ratio, a key profitability metric, improved to 103.8 per cent in the reporting quarter compared to 104.1 per cent in Q1 FY23 Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance,...
BAGI’s new cover protects connected cars from cyber-attacks and extortion
V-Pay will also protect the insured’s vehicle from software issues, cyber extortion, and theft of funds resulting from cyber-attacks with its Cyber Risk Protection feature ‘V-Pay’ is a first-of-its-kind, one-stop solution that provides customers with an add-on that...
Equity benchmark indices hit fresh peaks; Sensex breaches 67,000-mark in intra-day trade
"The bulls continued to lift the market to new heights, but volatility emerged in the second half due to concerns over valuation. Rapid fall in the dollar index and a slide in the US 10-year yield are supporting liquidity in emerging markets. While disappointing...