El Nino conditions, associated with below-normal monsoon rainfall...
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Electric vehicle registrations rise 17 pc in FY25: SIAM
Total electric vehicle (EV) registrations in the country reached...
Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers-...
SpiceJet’s Dubai-Madurai flight delayed after aircraft’s nose wheel malfunctioned
This is reportedly the ninth technical malfunction in a SpiceJet aircraft in the last 24 days. This comes after, DGCA on Wednesday (July 6) issued a show-cause notice to SpiceJet after eight technical malfunctions in its aircrafts since June 19. The aviation...
Bhaskar gets additional power of NIA CMD
Madhulika Bhaskar, general manager, New India Assurance `The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for entrusting financial and administrative powers andfunctions of the post of...
CERT-In takes steps to safeguard key infrastructure from hackers throughout border
Cyber assaults on important infrastructure by nation-state dangerous actors have elevated considerably and India noticed a 70 per cent improve in ransomware exercise within the fourth quarter (This autumn) of 2021, in keeping with cybersecurity firm Trellix CERT-In...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
Delhi HC further adjourns “Singh Vs Government of India” case to Sep 8, NIA CMD appointment to get delayed
Indicating a possible scenario, industry observers say the government will now go ahead and appoint GMDs of PSU general insurers who can be selected by the FSIB and these GMDs( each company has provisions for two GMDs) can be given temporary charge of CMD of the...
8 new Insurance Ombusdmen selected
Atul Sahai, former CMD, New India Assurance has been selected for Lucknow along with Manoj K Parida, a retired IAS officer for Bhubaneswar, Bimbadhar Pradhan, ( retired IAS for Noida), C Vikash Rao (Life Insurance Corporation for Ahemedabad),Sumeet Jarath(Delhi),...
EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system
''A proposal for setting up a central pension disbursal system will be placed in the EPFO's apex decision-making body Central Board of Trustees (CBT) in a meeting scheduled on July 29 and 30,'' a source told PTI The source said that the CBT will also consider and...
76 dead in rain-related incidents in Maharashtra so far this monsoon: Report
Officials had said on Saturday that at least 130 villages in three districts of the state, all in the Marathwada and Vidarbha regions, have been affected by heavy rains that caused floods in parts of these districts and at least 200 people were evacuated. Mumbai:...
Sebi mulls making ‘market risk factor disclosures’ to help investors
The official further said most of the research material available in the market has been prepared by the market participants who have their own business interests in mind and therefore it could be a great idea if the regulator itself makes public its insights from...
Geologists allay fears over tremors, say Deccan Plateau is safe zone
Incidentally, the seismic activities became more visible soon after a major earthquake in Afghanistan, which killed several people and left many injured. But, the geologists in Karnataka were unanimous in saying there was no need to panic as the Deccan Plateau is a...