Attributing the increasing devastation to climate change and rising...
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States’ expenses on salary, pension, interest payment rise 2.5 times in 10 years since FY14: CAG
These three components totalling Rs 29,99,760 crore together...
Goyal launches integrated state city logistics plans
The exercise will help assess existing logistics infrastructure,...
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...
Maha govt’s flagship health insurance scheme to cover state’s entire 12.5 cr population: CM
Eknath Shinde,Chief Minister,Maharashtra The premium of the Mahatma Jyotirao Phule Jan Arogya Yojana (MPJAY) has been increased from Rs 1.5 lakh to Rs 5 lakh, said Chief Minister Eknath Shinde This health scheme provides end-to-end cashless services for identified...
Combo Product: ICICI’s 2 insurance ventures jointly launch life and health cover
Sanjeev Mantri, executive director, ICICI Lombard General Insurance The health insurance component covers expenses related to hospitalisation, day-care treatments, pre and post hospitalisation, and homecare treatment, to name just a few On the other hand, the life...
Insurers await IRDAI’s new classification of HDFC bonds post-merger; assess impact on holdings
There is uncertainty whether HDFC's bonds will be classified under housing and infrastructure after the merger, and we are awaiting clarification from regulators, Arun Srinivasan, head of fixed income at ICICI Prudential Life Insurance, told Reuters. "In case it does...