The case also exposed a nexus between a hospital, police officials,...
Category:
Indian News
Latest
MoF shortlists 5 GMs for selection of OIC CMD
The five names are Rekha Solanki, GM, OICL, Anjana Saxena,...
Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Bajaj Finserv will spend Rs 13,780 crore to acquire the general...
AM Best maintains its negative market segment outlook on India’s non-life insurance
The Best’s Market Segment Report, titled, “Market Segment Outlook: India Non-Life Insurance,” states that key lines of non-life business, including health, motor and crop insurance, have been challenged for several years by poor underwriting performance. Despite an...
FPIs outflow continues for 7th straight month; withdraw Rs 17,144 cr from equities in Apr
This makes foreign investors net sellers to the tune of Rs 17,144 crore in April, much lower than a net withdrawal of Rs 41,123 crore in March, data with depositories showed New Delhi: FPIs outflow continues for 7th straight month; withdraw Rs 17,144 cr from equities...
LIC IPO gets larger bids from anchor investors
Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors Mumbai: Life Insurance of Corporation of India’s initial public offering gets bids from large investors for twice the size of the anchor book, according to people with the knowledge...
EV fire incidents will be probed; industry bound to grow beyond our imagination: Transport Secy
Recently, Road Transport and Highways Minister Nitin Gadkari, who is known for his frank views, had said the companies found negligent will be penalized and a recall of all defective vehicles will be ordered after the expert panel submits its report. New Delhi: Amid...
Go Digit clocks Rs 5,000 cr premium in FY22 on strong growth in motor, health insurance
Further, the company settled over 6.79 lakh claims worth Rs 2,186 crore during the year. Digit said it has insured over 3.85 lakh electric vehicles in the fiscal ended March 2022 and insured nearly 40,000 corporates under its group health business. Also, as many as 10...
LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman
MR Kumar , chairman,, LIC “Strictly speaking, we are below the threshold limit of management control but then, what government really means is that management control is to be given in such a way that a private entity picks up and runs the bank, and government in the...
IMD to launch Urban Meteorological Services in 50 cities
Metro cities such as Mumbai, Hyderabad, Kolkata, Chennai and Bengaluru are expected to see the launch of Urban Meteorological Services in the first phase which will be later expanded to more cities. Under the UMS, the IMD provides current weather observations, air...
Some Indian regions have hottest April in 122 years, no respite in May: IMD
Mrutyunjay Mohapatra, director general of India Meteorological Department (IMD), said parts of northwest and west central India--Gujarat, Rajasthan, Punjab and Haryana--will continue having normal temperatures in May as well The heatwave could affect agriculture by...
Indian Inc mandatorily has to report all cyber incidents to CERT-In: Govt
.“To effectvly fight cybercrime, all companies n enterprises must mandatorily report cyber incidents to @IndianCERT, New #CyberSecurity directions for a #SafeAndTrusted Internet issued under Sec 70b of IT Act,” said Union Minister of state for Electronics and IT...
Gujarat: 3 Officials, Surveyor, Private Firm Owner Convicted for Insurance Fraud
As per the case registered by the CBI in January 2003 on a complaint from NIACL's Mumbai office, the accused, in conspiracy with the private persons and surveyors, had issued open marine policies in the name of a non-existing firm called Falcon Industries, Vadodara,...