The government has also instructed these entities to take down...
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National Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman
The new framework gives pension funds the freedom to create their...
RBI to unveil risk-based deposit insurance premiums for banks: RBI Governor
``I am happy the RBI has brought changes in the existing deposit...
Shriram General Insurance net profit jumps 37 % to Rs 98cr in Q1
"Our physical approach is the main driver during the quarter. While we remain focussed on existing business streams, we believe newer areas like EV insurance and developing a stream of combo insurance plans will help the market and drive growth for us," Anil Aggarwal,...
Amit Agarwal appointed as CEO of Howden India
Amit Agarwal, CEO, Howden India Agarwal’s appointment underlines Howden India’s ambitious growth plans and aspiration to be a leading broker in one of the world’s fastest growing insurance markets by 2026, said the company London: UK based Howden, a multinational...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
Focus on infra, investment, innovation, inclusiveness to make India developed nation by 2047: FM
Union Finance Minister Nirmala Sitharaman said, infrastructure is not just going to be physical such as bridges, roads, ports or airports, but also creation of digital infrastructure is given importance New Delhi: Finance Minister Nirmala Sitharaman on Saturday said...
Reliance General Insurance receives Rs 200 cr capital from its promoter
Rakesh Jain, CEO of Reliance General Insurance said, "With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions." Mumbai: Reliance General Insurance Company Ltd (RGICL), in a strategic...
Govt pats IRDAI for unveiling a slew of reforms in insurance industry
(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA's 105th foundation day celebration in Mumbai on Friday ```The government is very supportive of the amendments and changes...
Houses in Shimla at risk of sinking due to incessant rain
Continuous rains over the past few days have led to the sinking of land in a few villages in six panchayats with several families evacuated to safer places, Deputy Commissioner Shimla Aditya Negi told PTI. ''We will ask geological experts to conduct a survey to find...
World Bank to provide assessment of damages due to Himachal floods
Himachala Chief Minister Sukhu said claimed rain-related damages have been estimated to be around Rs. 8,000 crore and added that restoration of roads, bridges, power, and water supply was the priority of the state government Punjab Agriculture Minister Gurmeet Singh...
What are cloudbursts and is climate change making them more frequent?
“Global warming is leading to more evaporation of water and because of this dense cumulonimbus clouds are forming, resulting in intense rainfall.” While some regions receive intense rainfall, he said global warming is resulting in prolonged droughts in other...
Need to maintain balance between development and environment, says SC
The top court was hearing a plea arising out of a November 2017 order of the National Green Tribunal (NGT), which had passed a slew of directions while noting that unplanned and indiscriminate development in the core, non-core, green and rural areas within the Shimla...