M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate...
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Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by...
Fire breaks out at Aurobindo Pharma’s plant in AP; co temporarily suspends ops
Importantly, there were no injuries reported, it added. “As a...
Ransomware cyber attacks spike to over 1.2 mn per month in H12022
The dominant targets are still five key industries: education, municipalities, healthcare, infrastructure and finance. Researchers also saw a spike in the number of service providers that have been hit with a ransomware attack Ransomware attackers remain defiant and...
Wage Revision: Deadlock continues as PSU general insurance unions insist pay parity with LIC
In a meeting convened by the GIPSA on Saturday to discuss about the restructuring of four PSU general insurance companies, Suchita Gupta, CMD, National Insurance Company and chairperson, GIPSA, had informed the unions that the offering of 12 per cent wage hike to the...
India’s GDP to grow at 7.4 pc in this fiscal: Sitharaman
Nirmala Sitharaman,Union Finance Minister "India is still the fastest growing economy. We are definitely at the range of 7.4 per cent (GDP). The level will continue even the next year." New Delhi: Highlighting the recovery of the economy and flow of investment...
“Use & File’- ICICI Lombard revamps its product portfolio
Sanjeev Mantri,executive director, ICICI Lombard General Insurance ` The new offerings were propelled by the recent announcement of ‘Use and File’ framework from the IRDAI. Fuelled by regulatory reforms, we have accelerated our pace of developing and launching new...
2050 net-zero target can boost India’s GDP by 7.3 pc by 2032: Report
India will need around USD 10.1 trillion in cumulative economy-wide investment to meet its 2070 target. While India could decarbonise using carbon revenues or other domestic tax-raising mechanisms to fund green investments, leveraging international support would free...
Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA
Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...
Flexible work places can encourage more women to join labour force, Modi says
Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,`` we can use systems like flexible workplaces as opportunities for women's labour force participation.''...
5G services in India by October 12, says IT Minister Vaishnaw
Ashwini Vaishnaw, Union IT minister The 5G services would be rolled out in a phased manner and during the first phase, 13 cities will get the 5G internet services The cities are Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad,...
HDFC Bank picks up 9.94 % in Go Digit Life for Rs 120 crore
HDFC Bank's investment has valued GO Digit Life , which is yet to be a licensed, at around Rs 1200 crore The partnership between Kamesh Goyal and Indian born Canadian billionaire Prem Watsa's Fairfax, which already has a general insurance company, is now planning to...
Indian insurance industry providing a higher return on equity than developed markets: IRDAI Chairman
Debasish Panda,chairman,IRDAI ``Indian insurance companies on an average have provided a return of 23 per cent while US insurance industry’s return has been at 13 per cent, a point to note for our American counterparts,’’ said Panda, while addressing a webinar...