“ We want to clarify that LIC has introduced products that align...
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Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The...
No proposal to change retirement age of govt employees: Centre
"No proposal to change the retirement age of government employees...
RCL may share RFRP with bidder by Wed; all cash bids to get highest score
RCL has 8 businesses that are on the block. This includes general insurance, life insurance, health insurance, securities business, and asset reconstruction among others Some of the prominent bidders of RCL are ICICI Lombard, Tata AIG, HDFC Ergo, Nippon Life...
Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover
`AI’s reduced cover excluding war cover for Russia and Ukraine region has been successfully placed in the London market with a manageable premium just before Apr 1, the renewal date for the cover,’’ confirmed London market sources AIG continues to be the...
Private sector to drive growth of National Pension Scheme: Study paper
"Our demographic structure, with a greater proportion of younger people, favors a phase of accumulation. Since longevity is inching up, so also the need for a steady stream of income is increasing to mitigate old-age poverty. Further, as the traditional family support...
PM Modi to chair COVID review meeting with CMs on April 27
Prime Minister Narendra Modi As per data available with the Ministry of Health and Family Welfare, today India's Cumulative COVID-19 vaccination coverage exceeds 187.67 crores, with over 2.65 crore first doses of COVID vaccines administered for the age group 12-14...
Covishield found ineffective against Omicron, booster a must: Study
The Indian Council of Medical Research-National Institute of Virology scientists concluded the report saying that the fight against Covid-19 is far from over. Although vaccine boosters or third doses have shown an augmentation in the immune response against the...
RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms
It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer's account within 10 working days from the date of notification by the...
Digital transactions worth Rs 20k cr seen daily: PM
Prime Minister Narendra Modi ''Now digital transactions worth Rs 20,000 crore are taking place daily in our country. In March, UPI (Unified Payments Interface) transactions even reached Rs 10 lakh crore,'' he said New Delhi: Prime Minister Narendra Modi on Sunday said...
Sustainable funds see Rs 315 crore outflow in FY21-22, says report
This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India Going forward, ESG considerations will become an integral part of the...
Ola Electric recalling 1,441 units of two-wheelers due to fire cases
Recently, there have been widespread incidents of electric two-wheelers catching fire in various parts of the country forcing manufacturers to recall their vehicles. Okinawa Autotech had recalled over 3,000 units, while PureEV did a similar exercise for around 2,000...
Govt to release framework on non-personal data use in 10 days: Vaishnaw
''Government is now planning to create public digital platforms on the lines of UPI, Cowin. Such digital platforms will then be opened up to the start up community and industry. Please come, create your consumer-facing applications. Grow with us '' Ashwini Vaishnaw...