FIIs also increased their long positions in index futures, with the...
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SEBI panel soon to work on conflict of interest rules for board members: Report
“We need to not only create trust of all stakeholders in us (SEBI)...
GIC Re slashes premium for Terrorism Pool by 10% from Apr 1
With a total premium of Rs 1655 crore, the claims ratio for IMTRIP...
Mere suppression of false info doesn’t mean employer can arbitrarily terminate employee: Supreme Court
“Mere suppression of material/false information regardless of the fact whether there is a conviction or acquittal has been recorded, the employee/recruit is not to be discharged/terminated axiomatically from service just by a stroke of the pen. New Delhi: Mere...
4 PSU general insurers look for a consultant for organisational rejig and profitability
In a move, indicating possibilty of a future merger, the four general insurers have decided to appoint a common consultant for which GIPSA - the coordinating body for the PSU general insurers, has called for Request for Proposal (RFP) from eligible entities to...
LIC owns 4% of all listed stocks in India, more govt bonds than the RBI
With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC's distribution policy is now changed and higher allocation towards shareholders account in upcoming future to rise and...
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...
DGCA starts multidisciplinary probe on SpiceJet Flight turbulence
A total of 15 people, 12 passengers and three cabin crew members, were injured in this flight due to severe turbulence, said officials of the Directorate General of Civil Aviation (DGCA) New Delhi: Aviation regulator DGCA on Monday said it has instituted a...
LIC’s Rs 21k IPO sees strong demand from anchor investors
Norwegian wealth fund Norges Bank Investment Management and Singapore sovereign wealth fund GIC have subscribed to the anchor book, the source said Alongside other global funds, domestic mutual fund houses such as HDFC mutual fund, SBI, ICICI and Kotak have also come...
India’s Covid positivity rate past 1% again after 2 months
The number of active cases rose by 408 in a 24-hour span to reach 19,500, the data updated at 8 am showed New Delhi: India's Covid case positivity rate went past one per cent again after over two months as the country witnessed a single-day rise of 3,157 infections...
Centre to host 3-day ‘Health Summit’ at Gujarat’s Kevadia from May 5
In order to boost "Ayush", the Centre has also announced that they will be issuing a separate category of visas for those who want to travel to India for medical reasons and would want to avail of AAYUSH facilities New Delhi: Union Health Minister Mansukh Mandaviya...
Nobody can be forced to undergo COVID-19 vaccinations, says Supreme Court
Regarding segregation of vaccine trial data, subject to privacy of individuals, all trials conducted and to be subsequently conducted, all data must be made available to the public without further delay, it said The apex court also directed the Union of India to...
India has court backlog of 40 million cases, chief justice says
NEW DELHI: India has more than 40 million cases pending in lower courts, the country's chief justice said on Saturday, highlighting a huge backlog in the legal system. Courts were falling short of judges crucial to their efficient function, NV Ramana told a conference...