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Need to establish weather station at wind solar plants of 50 MW CEA
"Accurate measurement of critical meteorological parameters would...
Govt eases emission rules for coal power plants, reversing decade-old mandate
The government said the decision was taken after the Central...
GIC Re doubles its net profit to Rs 3,417 crore in Q4FY2023, declares a dividend of Rs 7 per share
Devesh Srivastava, CMD, GIC Re GIC Re’s record net profit has been possible as the third largest Asian reinsurer has a combined ratio of 89.16 per cent and an underwriting profit of Rs 889.77 crore along with a higher investment income of Rs 3,667.16 during the...
LIC shares settle nearly 2 pc higher after Q4 earnings
The surge in annual profit in FY23 was helped by a jump in the second quarter bottomline to Rs 15,952 crore. It was due to a transfer of Rs 15.03 lakh crore to shareholders' accounts at the end of September Mumbai: Shares of LIC on Thursday ended nearly 2 per cent...
Indian insurance industry to have a UPI-like moment soon: IRDAI Chief
Debasish Panda,Chairman,IRDAI ''We are working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual framework has been contemplated,'' he said, adding that this is being proposed through the Bima trinity...
Anti-tobacco warnings for OTT programmes soon, health ministry to amend rules
According to the proposed amendments to the Rules, the display of tobacco products or their use in online curated content will not be extended to the display of brands of cigarettes or other tobacco products. New Delhi: OTT platforms may soon be mandated to display...
Proposed Digital India Act will have huge section on online safety, trust: MoS IT
Rajeev Chandrasekhar, Minister of State Electronics and Information Technology of India According to him, India is soon going to have 1.3 billion people accessing the internet and these Digital Naagriks should approach the internet without any fear and mistrust,...
LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23
The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
IRDA hosts 2-day international event on “Insurance and Retirement savings in Asia”
Some of the prominent speakers at the international conference include Debasish Panda, chiarman, IRDAI, Prof Yoshihiro Kawai, chair of the OECD Insurance and Private Pensions Committee, Pablo Antolin, head, insurance and Pensions Unit, Directorate for Financial and...
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
The country's largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed Mumbai: Market value of investments made by...
Irdai to hold open house for insurtech, fintech on 15th of every month
"It is expected that the solutions/ideas would help in increasing the insurance penetration in the country," the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the insurtech...
India’s GDP crossed $3.5 trillion in 2022:Moody’s
If implemented effectively, measures undertaken over the last few years – including those introduced during the pandemic to increase the flexibility of labour laws, raise agricultural sector efficiency, expand investment in infrastructure, incentivize manufacturing...