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Govt links green credits for tree plantation to survival canopy cover
Green credits are rewards given for taking voluntary steps to...
Public must use “look, touch, and feel” method to verify notes: RBI
M Rajeshwar Rao,Deputy Governor , RBI According to an official...
Women outshine men for GM promotions in PSU general insurance companies
Out of 16 vacancies of general mangers across five companies including GIC Re, 11 have been cornered by women candidates New Delhi: The public sector general insurance companies, for the first time, have seen a few senior women officers (deputy general managers)...
ICICI Lombard reports 40 pc jump in net income to Rs 437 crore in Mar quarter
Gopal Balachandran,chief financial officer and chief risk officer The key profitability metric, the combined ratio of the company stood at 104.5 in FY23 against 108.8 per cent in FY22. In the March quarter, it was 104.2 against 103.2 a year ago The insurer's...
Indian insurance industry to cross Rs10 trillion of premium and Rs 59 trillion of assets in fy2022-23:IRDAI Chief
Debasish Panda,Chairman, IRDAI ” Insurers need to further to further collaborate with insurtechs more. I would also expect insurers to engage with the Insurance Information Bureau (IIB) more closely to make it a more vibrant body where they actually become the data...
General insurers to take action against errant hospitals, to set up Health Exchange Platform for 100 % cashless settlement of policies
S Prakash, managing director, Star Health and Allied Insurance Company “We would indentify honest hospitals and reward them. We will also penalise hospitals for fraud, overcharging and deficiency in services . Insurance Information Bureau (IIB) is working on a a...
India likely to receive normal monsoon rains in 2023 -govt official
Skymet, a weather forecasting and agriculture risk solution company, expects the upcoming monsoon to be 'below normal' to the tune of 94% ( with an error margin of +/-5%) of the long period average (LPA) of 868.6mm for the 4- month long period from June to September...
Reliance Cap second auction postponed again; new date yet to be fixed
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree Mumbai: Lenders of debt-ridden Reliance Capital...
Maha: Lightning bolts, drowning claim 14 lives in 48 hours
In the worst single tragedy, seven persons were killed in Akola's Parasgaon village late on Sunday where a lightning bolt felled a 150-year-old neem tree on a tin shed at the Babuji Maharaj Sansthan ashram Many districts have suffered massive agriculture damage due to...
Post office savings schemes compete with bank FDs after 3 hikes in rates by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity New Delhi: Post office term deposits, which were fetching lesser returns than bank FDs in the recent...
SC overturns SAT’s rulings against IRDAI, PJ Joseph and Marsh, upholds regulator’s order on `Marsh bribery case’
``The SAT has, ex-facie, gone wrong in observing that Atkins had relied on documentary evidence in support of the complaint. We have referred to the nature of the documents but we accept the argument of the IRDAI that these cannot constitute materials to trigger off...
6,155 fresh Covid infections in India, active cases climb to 31,194
Union Health Minister Dr Mansukh Mandaviya In view of increasing cases of Covid-19, Union Minister Mansukh Mandaviya, who chaired a review meeting with states on Friday, asked them to stay alert and remain prepared for the management of the disease The latest preprint...