Ganediwala had sought for pension as HC's additional judge,...
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SBI to launch centre for financing AI, fintech, e-commerce industries
The project will help diversify the work of the bank’s project...
Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance
Patanjali Ayurved, along with other investors, have bought...
India detects first ‘XE’ variant of COVID-19 in Mumbai
However, the Union Health Ministry is yet to confirm the detection of the first XE variant in the country According to the sources, the Indian SARS-CoV-2 Genomics Consortium (INSACOG) is doing a deep genomic analysis of the case as a follow-up declared XE positive by...
HDFC Bank’s $40 billion deal may face regulatory hurdles over insurance, analysts say
HDFC Life and HDFC ERGO are among the leading life and general insurance companies in the private sector, and analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank Mumbai: HDFC Bank's $40 billion deal...
Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
Passenger vehicle retail sales dip 5 pc in March to 2,71,358 units: FADA
''Passenger vehicles continue to see high demand and long waiting periods as semiconductor availability still remains a challenge, even though supplies slightly improved from previous month,'' FADA President Vinkesh Gulati noted New Delhi: Domestic passenger vehicle...
Sebi issues fresh guidelines to curb misuse of clients’ Power of Attorney
The use of DDPI will be limited only for two purposes. One is for the transfer of securities held in the beneficial owner account of the client towards stock exchange related deliveries or settlement obligations arising out of trades executed by such a client The...
New legal structure needed to counter cyber criminals: Vaishnaw
Union Minister of Information Technology Ashwini Vaishnaw said this problem can be tackled by legal strategy, technology, organisations, capacity building and mutual cooperation Speaking on legal strategy to counter cyber crimes, Vaishnaw said the country needs to...
PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021
''Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged with public sector insurance companies, of which 93.3 per cent claims had been disposed of,'' Minister of State for Finance Bhagwat Karad said in a written...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...
GST rate for COVID-19 medicines pegged at five percent GST: govt
"At present, Goods and Services Tax (GST) on health insurance services is levied at standard rate, i.e., 18 per cent. Specific health insurance schemes catering to the needs of economically weaker sections of the society and differently abled, such as Rashtriya...
Investor wealth jumps over Rs 3 trn, 416 stocks breach upper circuit
Reflecting bullish investor sentiments, the 30-share key index Sensex skyrocketed 1,472.33 points or a whopping 2.46 per cent to 60,736.08 points at around 10.30 am, driven by HDFC twins Mumbai: Investors turned wealthier by more than Rs 3 lakh crore in the first hour...