"We further direct the chief secretaries of all the states and the...
Category:
Indian News
Latest
Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon
FSIB will conduct interview soon of all MDs for selecting a new MD...
IRDAI approves Medi Assist’s Rs 311 cr take over of Paramount TPA
Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has...
Play store policies: CCI slaps Rs 936.44 cr penalty on Google for unfair business practices
This is the second major CCI ruling against Google in less than a week. On October 20, the watchdog imposed a penalty of Rs 1,337.76 crore on the company for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the...
Ontario Teachers’ Pension Plan remains bullish on India
Jo Taylor, president and chief executive officer Ontario Teachers' Pension Plan OTPP is eyeing opportunities in healthcare, infrastructure and financial services in India. Also of interest are the insurance sector and technology-enabled segments, especially in the...
IRDA tightens rules for Cross Border Reinsurers(CBRs) on transacting Indian business, reduces FRB’s capital requirements to Rs 50 cr from Rs 100 cr
Capital requirements of foreign reinsurance branches(FRBs) in India reduced to Rs 50 crore from existing Rs 100 crore Every cedant has to offer best terms obtained, for participation in the following order of preference: Category 1: Indian Reinsurers, FRBs, Lloyd’s...
IRDAI forms panel to design a women centric distribution channel and parametric cover for rural population
The committee within 21 days will also explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam Hyderabad: As the IRDAI is taking up various regulatory reforms towards...
Cyclone Sitrang: IMD issues advisory, suspends offshore activities in north Bay of Bengal
“Due to the cyclonic storm over West Central Bay of Bengal and adjoining East Central Bay of Bengal and its likely intensification into a severe cyclonic storm, fishermen are advised not to venture into the sea till 25th Ocober’2022,” IMD’s statement said. Kolkata: In...
Bajaj Allianz General Insurance posts PAT at Rs 747 crore
The combined ratio, which measures the performance of the insurance operations, stood at 102 per cent in H1/2022-23 against 100.5 per cent in H1/2021-22. Significant sequential improvement was seen in the September quarter of 2022-23 with the combined ratio moving...
No govt, LIC veto post privatization of IDBI Bank
The government earlier this month invited bids for the sale of a 60.72 percent stake in IDBI Bank, which is 45.48 percent owned by the government and 49.24 percent by the Life Insurance Corporation of India (LIC). The official said that post-privatization, the...
IndiaFirst Life Insurance files draft papers to raise funds via IPO, size could be between Rs 2,000 crore and Rs 2,500 crore
BOB, India's third largest PSU bank, holds 65 per cent stake in the company, followed by Warburg Pincus affiliate Carmel Point Investments India that owns 26 per cent stake and Union Bank of India that has 9 per cent shareholding Mumbai: Bank of Baroda-promoted...
HDFC Life posts Rs 686 crore net income in September quarter
Vibha Padalkar,Managing Director and Chief Executive Officer of HDFC Life said, ''we can easily do away with 100-150 branches from the existing 383 (ours and around 200 of theirs). Some of our own branches will also be shuttered but there won't be any employee...
Punjab announces to restore old pension scheme for state govt employees
"We have taken an in-principle decision to this effect in a cabinet meeting. This will benefit lakhs of employees," he said while adding that modalities will be worked out. Chandigarh: The Punjab government on Friday decided to restore the old pension scheme for its...