The order was passed by Justice Ram Manohar Narayan Mishra on a...
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Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers...
Allianz and Mukesh Ambani’s Jio Financial may have reached initial deal for 2 Indian insurance JVs
The move comes as the German insurer agreed earlier this week to...
SBI Life Q4 net profit rises 26% to Rs 672 cr
SBI Life said it registered a growth of 39 per cent in the value of new business (VoNB) to Rs 3,700 crore in FY22 Mumbai: SBI Life Insurance (SBI Life) on Thursday reported a 26.3 per cent rise in its net profit at Rs 672 crore for quarter ended March 2022. The life...
Bajaj Life insurance net plunges 80 % to Rs 48 crore in Q4FY2021-22
The life insurer's new business value (NBV), which is the metric used to measure profitability of life insurance businesses, increased by 72 per cent to 621 crore in FY22 over Rs 361 crore in FY21 Mumbai: Bajaj Allianz Life's 'net profit in Q4 FY22 plunged 80 per cent...
ManipalCigna Health’s new product to provide cover to diabetes, obesity patients with 90 days waiting period
Prasun Sikdar, managing director and CEO, ManipalCigna Halth Insurance The product offers cashless services even for OPD expenses, industry first feature `Switch Off' that allows customers to switch off the cover while travelling abroad from second year onwards, for a...
Left opposes LIC IPO, alleges ‘scam’, ‘sell off’
Communist Party of India (CPI) general secretary D Raja said it was a “matter of regret” that the BJP-led NDA government is selling off all national assets through monetisation policy and privatisation of public sector units. He said it was a ''tragedy'' that those...
Irdai proposes to standardise administration of group health insurance products
''All risk factors per unit of coverage such as individual, family, group floater, etc, should be separately analysed and priced,'' it said. Further, pricing should be based on sound actuarial principles, supporting data considering all the relevant aspects of pricing...
Bajaj General’s net profit falls 10% to Rs 248 crore in Q4FY2021-22 on higher covid claims
Bajaj Allianz General Insurance CEO Tapan Singhel It may be only company in the industry, as all the general insurers are yet to announce their FYQ4 2021-22 results, which, at 98.3 per cent, has a combined ratio below 100% in Q4 FY22 as compared to 96.6% in Q4 FY21...
Tata Motors aims to build 80,000 EVs in Fy 2022-23: Report
By 2030, India wants electric models to make up 30% of total car sales. Tata accounts for 90% of India's EV sales - a segment that still only represents 1% of the country's annual sales of about 3 million vehicles Mumbai: Tata Motors expects to aggressively ramp up...
IndiGo becomes 1st airline to land aircraft using navigation system GAGAN
"In India's civil aviation sector, GAGAN will modernise the airspace, reduce flight delays, save fuel and improve flight safety," the statement said The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in India after July...
Heat wave disrupts industrial activity as power demand soars in India
Industrial disruption and widespread power cuts are also bad news for corporate India, as economic activity has just started to pick up after months of stagnation amid coronavirus lockdowns New Delhi: India's northwestern Rajasthan state scheduled four hours of power...
As India swelters under extreme heat, Modi warns of fire risk
Prime Minister Narendra Modi "We are seeing increasing incidents of fires in various places - in jungles, important buildings and in hospitals - in the past few days," Modi said He asked states to conduct fire-safety audits for hospitals. Dozens of people die every...