N Ramaswamy, CMD, GIC Re ``Currently, due to the huge catastrophic...
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Monsoon Session Of Parliament From July 21 To August 12
The Insurance Amendment Bill, which proposes allowing 100 per cent...
Former Kia India workers, scrap dealers face probe over theft of 1,008 engines
An initial police investigation found two former Kia India factory...
State-run firms to remain exempt from public shareholding norms: Govt
The exemptions from the minimum public shareholding (MPS) norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said New Delhi; Indian state-run companies will continue to be...
DPIIT considering quality control norms for air coolers, bicycles, bottled water dispensers
The items under these orders cannot be produced, sold/traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark New Delhi: DPIIT considering quality control norms for air coolers, bicycles, bottled water dispensersThe Department for...
RT-PCR test mandatory for passengers arriving from China, Singapore, Thailand
The ministry release issued by Lav Agarwal, additional secretary, Ministry of Health and Family Welfare, said the ministry has decided to revise and update its existing guidelines for International arrivals in view of the rising COVID cases in the above-mentioned...
SBI,ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The framework for dealing with D-SIBs was issued in July 2014. The framework requires the RBI to disclose the names of banks designated as Domestic Systemically Important Banks (D-SIBs) starting from 2015 and place these lenders in appropriate buckets depending upon...
Lenders to meet on Tuesday to discuss bids for Reliance Capital acquisition
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja's offer was Rs 8,110 crore After the e-auction was over, sources said, Hinduja...
Jan 04 strike over restructuring deferred as management agrees to talk:PSU gen insurance unions
On Monday, under the banner of Joint Forum of Trade Unions (JFTU),the unions participated in conciliation meeting with the management under the guidance of chief labour commissioner(CLC). Various arguments took place in the meeting from both sides and finally CLC...
SC issues detailed norms for adjudicating motor accident claim cases
The Court has noted the concern regarding the delay in disposal of the claims cases under the Motor Vehicles Act, in the trial court or at the appellate stage. For effective implementation of the M.V. Amendment Act and the Rules framed thereunder, the specified...
Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year
Among the highlights of the year, the number of registered investors went up more than 32 per cent year-on-year in 2022. The phenomenon also highlighted the fact despite the prevalent market volatility due to multiple headwinds including rate hikes, faltering economic...
Consolidation of public sector banks leads to 4,837 branches being shut down
According to RBI, a total of 2,271 bank branches were closed in 2020-21, out of which 86 were completely shut, while 2,185 branches were adjusted to another branch Bhopal: Efforts to connect the poorest of the poor with banks are underway throughout the country, so...
SBI asks field functionaries to desist from mis-selling of insurance products
The bank asked the field functionaries to ensure that the branches conduct need-based selling of insurance products with strict compliance to the Assessment of Suitability and Appropriateness Framework (ASAF) and sourcing of business is undertaken for 100 per cent KYC...