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Rain, lightning strikes kill 7 in north India; 200 flights delayed, J-K highway closed
Flash floods were triggered in the Chenab River, prompting the...
FSIB selects United India’s Sanjay Joshi as new CMD of Oriental Insurance
Sanjay Joshi, selected CMD of Oriental Insurance Company The FSIB,...
Bengaluru braces for more heavy rain after short reprieve
The chaos over the past few days has raised questions over poor urban planning as the fast-growing city expanded over the years, and on climate change, which has also been blamed for disastrous floods in neighbouring Pakistan The city administration has identified...
New mobile banking virus prowling in Indian cyberspace
The lethality of the virus can be gauged from the fact that it can collect keystrokes, steal cookies, intercept multi-factor authentication (MFA) tokens, take screenshots and record video from a webcam and can perform gestures like screen click, swipe etc. using...
Gadkari urges automakers to adopt global safety norms for cars in India
New Delhi: Road Transport Minister Nitin Gadkari on Wednesday said majority of automobile manufacturers in India are already exporting cars with six airbags, and there is a need to adopt similar safety norms for cars in the country, stressing that they should also...
Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life
New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...
Reliance Cap suitors seek extension of up to 4 months for submission of binding bids
New Delhi: Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension by 16 weeks, while Piramal Finance...
FinMin mulls changes in insurance laws to boost penetration: Report
New Delhi: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20...
Govt appoints Kapur as CMD,NIA; Subramanian to head AIC
New Delhi: The government on Sunday has appointed Neerja Kapur, 58, general manager, New India Assurance as the CMD of the company while Girija Subramanian, 56, general manager, GIC Re has been elevated as the CMD of Delhi based Agriculture Insurance Company(AIC)....
Tata AIA Life Insurance expands presence in Dubai
The rep office will help Tata AIA assess the needs of the Indian diaspora in the UAE Mumbai: Tata AIA Life Insurance (Tata AIA), today announced the opening of its first representative office in Dubai, UAE. The rep office will help Tata AIA assess the needs of the...
Delhi HC adjourns “Singh Vs Govt of India” case to 23rd Jan
The outcome of the case, which has now been adjourned many times, can raise the issue of validity of appointments of existing CMDs of PSU general insurance companies along with chairman and four managing directors of Life Insurance Corporation(LIC) who were selected...
General insurance industry’s premium grow 12% to Rs 24,471 crore in Aug
Gross premium underwritten by general insurance companies has gone up by 18.57 percent to Rs.102,357 crore during the five months ended August 2022 The market share of private players also increased to 50.23 percent during the period from 47.90 percent a year ago...