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ICICI Pru Life’s net profit dips to Rs 295.8 crore in Q2FY26
The life insurer's Value of New Business (VNB) improved marginally...
Zero GST on Retail Health Cover: Brokers ask insurers not to reduce their commission
(Lto R)- Narendra Kumar Bharindwal, President, IBAI, met with Tapan...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri
ITC chairman and managing director Sanjiv Puri said on Sunday said that the extreme climate change events that have plagued the world are "here to stay" and the companies in India should fine-tune their strategies in accordance to the climate change that has affected...
Govt unlikely to infuse capital in PSU general insurers in FY24
Vivek Joshi, secretary, Department of Financial Services(DFS), recently had reviewed the functioning of the four PSU general insurers in New Delhi but the pressing issue of the capital infusion was out of meeting's agenda The three PSU general insurers that require...
Portfolio management industry poised for expansion; asset base to grow up to 25 pc over next 3-5 yrs: Experts
Going by Sebi data, assets under management (AUM) of the portfolio management industry stood at Rs 28.50 lakh crore at the end of June, as compared to Rs 28.07 lakh crore at the end of the preceding month. On a year-on-year basis, the total assets managed by PMs...
Maharashtra: 73 farmers commit suicide in Chandrapur from Jan to July 2023
A total of 3,51,091 farmers have taken Re 1 (premium) crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the district, including 50,890 farmers who have taken loans and 3,00,201 non-loanee cultivators, according to the agriculture department...
India’s aviation watchdog reviewing fatigue data after pilot death
The rare review, which has not previously been reported, comes after an IndiGo pilot collapsed and died before his flight last week. That has sparked complaints from some Indian pilots that they are being stretched to the brink by airlines, even though they comply...
SBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs
Dinesh Khara,Chairman,State Bank of India "There is a discussion to increase the age limit for retirement of chiefs of PSBs . Simultaneously, discussions are on for raising superannuation age for managing directors of PSBs to 62 years from 60 years," the official said...
UN, UNDP showcase responsible business actions for sustainable development at B20 event
The private sector's role in respect of the Sustainable Development Goals should not be limited to just financing and investment. There is a massive opportunity to achieve big efficiency gains; drive innovation; and enhance reputation, especially when public distrust...
Jharkhand Govt collaborates with Tata Cummins to produce hydrogen vehicles
Jharkhand CM Hemant Soren said, "For the first time in the country Tata Cummins and Jharkhand government's Industrial department have taken such a step. Now vehicles will work on hydrogen. Its manufacturing work will be held in Jharkhand. This will be used in the...
Medi Assist files IPO papers with Sebi again; public issue entirely an OFS
According to the fresh draft red herring prospectus (DRHP) filed on Friday, the initial public offering (IPO) is entirely an offer for sale of up to 2.8 crore equity shares of Medi Assist by promoters and existing shareholders Mumbai: Bengaluru-based third party...