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Govt issues alert about online frauds targeting pilgrims tourists
These frauds are being perpetrated through fake websites, deceptive...
Finance Secy Ajay Seth likely to be new IRDAI chief
Ajay Sheth, Finance Secretary, Ministry of Finance Though, a final...
DGCA restricts SpiceJet’s flights to 50% for 8 weeks
There is "poor internal safety oversight" and "inadequate maintenance actions" in the airline which has resulted in degradation of "safety margins", DGCA said During these eight weeks, the budget carrier will be subjected to "enhanced surveillance" by the DGCA New...
ICICI Gen launches `Motor Floater & Pay-As-You-Use’ policies
Sanjeev Mantri, executive director, ICICI Lombard General said “ Pay-How-You-Use and Pay-As-You-Use would go a long way in ensuring additional transparency and convenience for the end customer as these add-ons would precisely give them an idea of the coverage and...
FSIB to select CMDs of New India and AIC today
The GMs, who will be appearing for the interview are- M Rajeswari Singh, Agriculture Insurance Company,BS Rahul,(AIC),N Ramaswamy, presently heading GIC Re’s London branch ,Neerja Kapur, NIA, Girija Subramanian, GIC Re, Rashmi Bajpai, Oriental Insurance Company(OIC),...
EV fire incidents: Consumer protection regulator issues notices to 4-5 cos
Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare said the authority will commence the hearing on this matter soon."We have issued notices to 4-5 companies. We asked them to provide reasons for series of fire incidents in EVs and why the...
Only 11% of 69 cr beneficiaries have taken Covid precaution doses; officials blame complacency
Official sources also said that six states, including Kerala, Maharashtra, Tamil Nadu and West Bengal, are reporting more than 1,000 average daily cases. Also, 181 districts in India are reporting a weekly positivity of more than 10 per cent (in the week ending July...
ECGC IPO likely to hit market in fourth quarter of FY23: CMD
M Senthilnathan, CMD,ECGC ''The initial review of ECGC has been done by DIPAM and the next direction is expected from them. Initially, we were told that the listing will happen somewhere around the last quarter of the current financial year. So, I think they will be...
Wage Revision: PSU general insurance unions defer their 2-day nationwide strike from July 27
It was informed that meeting of CMDs, DFS with finance minister scheduled for 22nd July could not take place as she is detected Covid positive. A final decision in the matter is expected during the meeting, to be convened after she assumes office,’’ said a...
Bank fraud declines to Rs 3,785 crore in FY22: Bhagwat Karad
As per the RBI data, frauds involving the amount of Rs 11,800 crore were detected in 2020-2021, the Minister of State for Finance said in a written reply to the Lok Sabha New Delhi: The amount involved in frauds reported by banks and select financial institutions...
Space sector startups seek clarity on financing, insurance in space policy
''To give more thrust to our space programme, we need to target much more lenient insurance policies where the government can come forward and help out in a bigger way than what is done in other countries,'' Pawan Kumar Chandana, CEO of Skyroot Aerospace, which is...
ICICI Pru on course to hit new business value of Rs 2,560 crore in FY23
''We've ticked on all the four boxes in the June quarter. Our 4Ps strategy, initiated in FY19, of focusing on premium growth, products especially on the protection side, improving persistency, and enhancing productivity, are performing as planned and we're on track to...