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General insurers rush to become preferred choices for Tesla’s EV customers in India
ACKO General Insurance,Zurich Kotak General Insurance and Liberty...
IRDAI board clears R1 for WestBridge Capital’s KIWI general insurance
The IRDAI is yet to announce range of its board decisions on Monday...
Delhi to have AI-based traffic system by 2024-end Official
Special Commissioner of Police (Traffic) Surender Singh Yadav said the government is putting a lot of emphasis on road safety due to the rising number of fatalities. “Around 2,300 crashes were reported in Delhi which accounted for 40 per cent pedestrian mishappenings....
Civil aviation ministry comes out with draft aircraft bill
As per the preamble of the Draft Aircraft Bill, 2023, it aims to have an Act to make better provisions for regulation and control of the design, manufacture, possession, use, operation, sale, import and export of aircraft and for connected matters New Delhi: The civil...
Mumbai Metro 2A, 7 commuters get free accident, disability, death insurance cover
The policy also provides for compensation or upto Rs 500,000 for deaths and upto Rs 400,000 for permanent or partial disability, depending on its severity, informed MMMOCL Chairman & Managing Director S. V. R. Srinivas Mumbai: The Maha Mumbai Metro Operation...
Free treatment worth Rs 61,501 crore provided under AB PM-JAY scheme till date: Health ministry
During the year 2022-23, approximately 56 per cent of the total admissions (by amount) have been authorised in private hospitals, while 44 per cent of the admissions have been authorised in public hospitals. The AB PM-JAY beneficiaries can avail treatment...
India transformed in less than a decade:Morgan Stanley
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation of the economy, Direct Benefit Transfer, Insolvency and Bankruptcy Code, focus on FDI and flexible inflation targeting. These changes are because of India's policy choices,...
Number of frauds rose in FY23, amount involved halved: RBI data
Frauds occurred predominantly in the category of digital payments (card/internet), in terms of number, said Reserve Bank's Annual Report 2022-23 The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved...
Can’t force citizen to choose between education and reproductive autonomy, says Delhi HC
The observation was made as the court set aside an order passed by Chaudhary Charan Singh University refusing to grant maternity leave to its M.Ed student New Delhi:The Indian Constitution envisages an egalitarian society for its citizens who cannot be forced to...
India monsoon advances after stalling for 11 days
Rains usually lash mainland Kerala around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton MUMBAI: India's monsoon rains advanced into some more parts of southwest Bay of Bengal after stalling for...
ICICI Bank to raise holding in ICICI Lombard General by 4% to 52 pc by next year
At the current trading market price, the bank will have to shell out about Rs 2,352.5 crore to acquire a 4 per cent shareholding Mumbai: ICICI Bank has said its Board has approved a plan to raise its stake in general insurance arm ICICI Lombard by 4 per cent in the...
NIA returns to black with Rs 143 crore of net profit in Q4FY23, combined ratio at 119.47 %
Neerja Kapur, CMD, NIA NIA has declared a dividend of Rs 1.93 per share with a face value of Rs 5 NIA's underwriting losses have fallen by 5 per cent y-o-y to Rs 1,690 crore in Q4FY23 Operationally, the company looks forward to an improved performance in FY24 in terms...