J P Nadda,Union Health Minister It has also been revealed that...
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IRDAI imposes a stiff penalty of Rs 3.39 crore on Star Health for violating cyber security laws
A significant data leak from Star Health Insurance was reported in...
SBI Life’s net profit rises 14% to Rs594 crore in Q1 FY 25
SBI Life's Value of New Business (VoNB) stands at Rs.1,088 crores...
Suicide by married males: SC to hear PIL for setting up of National Commission for Men
The plea filed by advocate Mahesh Kumar Tiwari has cited the National Crime Records Bureau (NCRB) data published in 2021 on accidental deaths in India which said 1,64,033 people died by suicide across the country that year. Out of these, 81,063 were married men, while...
Sebi finalising draft discussion paper over guidelines for ‘finfluencers’
''We are crystalising a discussion paper to regulate financial influencers. The paper should be ready for public comments in the next couple of months,'' said Sebi chairperson Madhabi Puri Buch With the number of such people thriving on social media platforms like...
Reliance Cap lenders vote in favour of Hinduja Group firm
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments. The resolution process of Reliance Capital was mired into litigation after the...
Canara HSBC Life Insurance reports 9-fold jump in profit at Rs 91 cr in FY23
Indian embedded value of the company stood at Rs 4,272 crore, and the solvency margin at 252 per cent as of March 31, 2023 New Delhi: Canara HSBC Life Insurance on Thursday reported a nearly 9-fold increase in net profit at 91.2 crore during the 2022-23 financial...
Indian firm used toxic industrial-grade ingredient in syrup
Sources said the syrup was made with industrial-grade PG, a toxic material widely used in liquid detergents, antifreeze, paints or coatings, and to enhance the effectiveness of pesticides. NEW DELHI: The Indian manufacturer of cough syrups that Uzbekistan said last...
IRDAI alerts against fraud company `Bhartiya Cooperative General Insurance Limited’
The general public are hereby advised not to undertake any transaction related to insurance business with “Bhartiya Cooperative General Insurance Limited”((www.bharatinsurance.org), said the IRDAI Hyderabad: The IRDAI has brought to general notice that no registration...
Govt drops plans to levy TCS on overseas credit card spends
The Finance Ministry has also deferred by three months the implementation of a higher Tax Collected at Source (TCS) rate of 20 per cent on expenditures made under LRS and overseas tour packages till September 30 New Delhi: The government on Wednesday dropped plans to...
Equity investors become richer by Rs 3.43 lakh crore in two days of market rally
Infrastructure has been improving consistently, corporate balance sheet strength has improved, and the financial system is in a robust state to fund the potential growth. Despite the recent rally, fundamentals point to the possibility of strong earnings growth in the...
HDFC buys HDFC Life shares worth over Rs 992 cr
In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...
Bajaj Allianz Life net income jumps 20 pc to Rs 390 crore in FY23
Company's managing director and chief executive Tarun Chugh said the spike in profit was led primarily by a massive 53 per cent jump in the value of new business premium in the year to Rs 950 crore. In FY22, it stood at Rs 621 crore Mumbai: Bajaj Allianz Life has...