“The committee recommends that the ministry may include new and...
Category:
Indian News
Latest
Senior citizens can cancel gift deed if their children fail to take care of them: HC
The bench said section 23 of the Maintenance and Welfare of Parents...
IRDAI inducts new members into its Insurance Advisory Committee
The new members inducted into IAC are, MR Kumar, former chairman,...
Centre to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore LIC board had met on Saturday to approve the modified IPO LIC is likely to file the red herring prospectus with market regulator Sebi by Wednesday New...
Mansukh Mandaviya calls India as World’s largest pharmacy, vaccine manufacturing country
Union Minister Mansukh Mandaviya "Indian pharma industry is known globally for its affordable and quality drugs. We shall soon get the competitive edge in medical devices too with research and innovation," he added New Delhi: Union Minister of Health & Family...
DFS Secretary asks banks to soar up balancesheet; raise capital from market
Manthan 2022 was held to brainstorm with the top leadership of public sector banks and unlock next-generation reforms while continuing with the EASE journey, the ministry said. The last such exercise was held in 2019. Financial Services Secretary Malhotra urged banks...
LIC’s IPO size may be cut by 40% on Ukraine war woes
Officials want to complete the listing -- which will still be India’s biggest -- in the next two weeks, the people said, asking not to be identified as the deliberations aren’t public. LIC will probably be valued at some Rs 6 lakh crore, the people said New Delhi:...
Niti Aayog issues draft battery swapping policy; moots incentives, rigorous testing protocol
The draft policy also comes at a time when there are rising concerns over safety issues around electric vehicles in the wake of multiple instances of such vehicles catching fire ''For safety during operation of the charging infrastructure, the operator must follow the...
SBI General’s records a gross premium of Rs 9260 crore in FY2021-22, to post underwriting losses
PC Kandpal, MD & CEO, SBI General Insurance, said, “Despite the challenging environment continued with pandemic, we have registered significant growth in GWP especially in the health insurance segment. The strong performance underpins our health insurance...
Discord between value, valuation expectation in fintech, digitech space: Kamath
“It is a challenge between the value which has been created in each of these enterprises and then there is a valuation expectation. I think there is a discord between the value and the valuation,” Kamath, who is the chairman of National Bank for Financing...
Omicron sub-variant BA.2.12 found in majority of Delhi samples, could be behind surge: Sources
However, an Indian SARS-CoV-2 Genomics Consortium (INSACOG) source has claimed that Omicron variant derivative BA.2.12.1 has also been found in a few samples in Delhi which is said to be contributing to the recent rise in cases in the US Omicron sublineage BA.2.12 has...
ICICI General Q4 profit falls 10% to Rs 313 cr due to Covid claims and higher expenses
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The insurer has combined ratio, one of the key measures of profitability for general insurers, of 103.20 per cent in q4 FY 2021-22,as against 101.80 per cent in year-ago period The insurer's underwriting...
Market Rally-Investors richer by over Rs 5.74 trn in two days
"Positive global clues lifted sentiments for the second straight day. The board-based rally saw buying across different sectors," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Mumbai: Investors have become richer by over Rs 5.74 lakh crore...