The central bank would also focus on enhancing cyber resilience and...
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Sitharaman directs PSU general insurers to adopt AI-driven claim settlement systems swiftly, safeguard profitability
Finance minister Nirmala Sitharman chaired a review meeting of six...
General re/insurers to spend Rs 400 cr over next 3-4 yrs in nationwide awareness campaign, Life insurers to follow soon
From L to R-Tapan Singhel, MD&CEO, Bajaj General Insurance,...
Govt notifies IRDA’s new regulations on `Registration of Indian Insurance companies” facilitating larger PE investment
-Investment through Special Purpose Vehicle (SPV) has been made optional for Private Equity (PE) Funds enabling them to directly invest in insurance companies, providing more flexibility, Now, subsidiary companies are also allowed to be promotors of insurance...
PSU insurers see shrinking workforce as pvt sector ramps up hirings
In 2021-22, the PSU general insurers have reduced their number of employees to 42,500 from 49,149 in 2020-21 while the private sector general insurers including five stand alone health insurers have grown their workforce aggressively to 1,09,000 in 2021-22 from 92,966...
Green bonds likely to be issued in Jan-March quarter, government tells Parliament
Green Bonds will help the government in tapping the requisite finance from potential investors for deployment in public sector projects aimed at reducing the carbon intensity of the economy New Delhi:The sovereign green bonds are likely to be issued during...
India’s COVID-19 tally not rising due to hybrid immunity -Top Health Expert
New Delhi: COVID-19 Working Group NTAGI Chairman N K Arora on Wednesday said that despite South Asian countries reporting an increase in COVID-19 cases, India is not getting affected because of hybrid immunization. However, Dr. Arora warned that India still needs to...
Govt extends bid submission deadline till Jan 7 for IDBI Bank sale
The government and the Life Insurance Corporation (LIC) hold 94.71 per cent of IDBI Bank and are looking to offload 60.72 per cent in the state-owned bank. The successful bidder will have to make an open offer of acquisition of 5.28 per cent of the public...
Combination of factors behind LIC share price going up: Experts
The LIC scrip on Wednesday opened at Rs 723 and during the intra-day trade it touched a high of Rs 732 and a low of Rs 719.95. A change in the accounting policy resulted in LIC's profit shooting up by Rs 14,271.80 crore to Rs 15,952.29 crore for the Q2FY23. Mumbai: A...
AIIMS Delhi server attack originated from China, say government sources; data from 5 servers safely retrieved
"AIIMS Delhi server attack was by the Chinese, FIR details that the attack had originated from China. Of 100 servers (40 physical and 60 virtual), five physical servers were successfully infiltrated by the hackers. The damage would have been far worse but is now...
GST Council likely to decide on decriminalisation of GST offences, setting up appellate tribunals on Saturday
The committee has also suggested that the fee for compounding offences be reduced to 25 per cent of the tax amount, from 50-150 per cent currently Currently as per the GST Act, the amount payable for compounding of offences is 50 per cent of the tax amount involved...
Auction base price hiked by Rs 1.5K cr to Rs 6.5K cr for Reliance Cap bidders
According to the new rules, the bidders, in the first and second round, will have to increase the bid value by minimum Rs 1,000 crore each. This means the first bid has to be minimum Rs 7,500 crore and the second Rs 8,500 crore. The auction will now take place on...
2302 claims of Rs 50 lakh each cleared under insurance scheme for health workers fighting Covid: Govt
Fifty-three claims have been paid to the families of doctors in Bihar, 64 in Uttar Pradesh, 43 in Maharashtra, 38 in Karnataka and 37 each in Tamil Nadu and Andhra Pradesh, Minister of State for Health Bharati Pravin Pawar said in a written reply to a question in...