Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This...
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Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit...
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Nirmala Sitharaman,Finance Minister The Governing Council...
NCLT directs lenders to maintain status quo on Reliance Capital matter
Torrent Investments had filed a plea seeking the tribunal to quash the lenders' plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Torrent Investments was the highest bidder offering Rs 8,640 crore Mumbai: The National Company...
HDFC Life Q3FY2022-23 profit rises by 15 pc to Rs 315 crore
Vibha Padalkar, MD & CEO said,``In Q3 fy2022-23, we grew by 17% in terms of Individual Weighted received premium( WRP). On a year to date (YTD) basis, we grew by 13% leading to a market share of 15.8% amongst private insurers. Our distribution network has been...
Govt vehicles older than 15 yrs to be scrapped, says road transport ministry
Under the new policy which is effective from April 1, 2022, the Centre has said states and Union Territories will provide up to 25 per cent tax rebate on road tax for vehicles that are purchased after scrapping old vehicles. New Delhi: From April 1, all vehicles owned...
Claims and reinsurance costs impacting on Indian insurers’ profitability
"India's privately-owned insurers, where foreign shareholdings are concentrated, have cut their exposure to high risk assets and have been early adopters of actuarial-led reserve management and risk-based capital management. This has and will continue to help private...
Sacked GM workers in India sue company,CEO Barra for unpaid compensation
In a filing to the High Court of Bombay dated Jan 16, the General Motors Employees Union of 1,086 factory workers states the company has failed to pay them compensatory wages of 50% of their monthly salary starting April last year, as ordered by a local industrial...
Health records of over 10 crore linked digitally to Ayushman Bharat Health Account
With their health records linked to their ABHA accounts digitally, citizens will be able to access and manage these records as per their convenience. It will enables citizens to create a comprehensive medical history across various healthcare providers thereby...
India’s population may have already overtaken China’s, analysts
India's population stood at 1.417 billion as of end 2022, according to estimates from the World Population Review, an independent organization focused on census and demographics.That’s a little over 5 million more than the 1.412 billion reported by China Tuesday when...
FSIB selects RR Singh as CMD of OIC
Rashmi Raman Singh, general manager and director, Oriental Insurance Company The next round of vacancies of CMDs in the PSU general insurance companies, during the year, will be happening when Suchita Gupta will be calling it a day at National Insurance Company(NIC)...
Budget-2023-24:Centre may plan rate changes in new income tax structure
While the new optional income tax scheme - announced in 2020 to make tax compliance simpler - offers lower headline taxation rates on annual income, experts say it is unattractive to many as it does not allow exemptions on housing rentals and insurance among other...
FSIB to interview 5 sr officials today for selecting CMD of OIC
The officials, who are appearing for the interview to be held on Tuesday afternoon are- N Ramaswamy, general manager, GIC Re, Rashmi Raman Singh, director OIC, M Rajeswari Singh, director, United India Insurance, BS Rahul, general manger, Agriculture Insurance...