The percentage cession of the sum insured on each general insurance...
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EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
FPIs pull out Rs 18,856 cr from Indian markets in Feb so far
''Geopolitical tension and chances of a rate hike by US Fed have triggered outflows from FPIs in the recent times from the Indian equity markets. They sharply increased the pace of selling after the US Fed indicated an end of the ultra-loose monetary policy regime,''...
EPFO mulling new pension scheme for formal workers getting over Rs 15K basic wage
''There has been demand for higher pension on higher contributions among the members of the Employees' Provident Fund Organisation (EPFO). Thus, it is under active consideration to bring out a new pension product or scheme for those whose monthly basic wages are more...
RBI-appointed administrator invites bids for resolution of Reliance Capital
Reliance Capital has two insurance companies, Reliance General Insurance and Reliance Nippon Life Insurance Company, as subsidiaries Mumbai: As part of the resolution process, the RBI-appointed administrator on Friday invited expressions of interest (EoIs) for sale of...
Govt to launch ‘Meri Policy Mere Hath’, to deliver crop policies at farmers doorstep
Pradhan Mantri Fasal Bima Yojana (PMFBY) enters its 7th year of implementation Over 36 crore farmer applications have been insured under PMFBY Over Rs. 1,07,059 crores of claims have already been paid under the scheme Around 85% of the farmers enrolled with the scheme...
Assam becomes first state to launch night navigation mobile app in rivers
The night navigation mobile application was developed by the transport department in association with K Raju, the principal scientist of IIT Madras and will survey the draft of the rivers, the spokesperson said. Guwahati: The first night navigation mobile application...
SC sets aside SAT’s “aiding and abetting corruption’ remarks against former IRDA member Joseph
Aggrieved by a SAT order, the IRDAI and its former member PJ Joseph had filed an appeal in the SC ,which the insurance regulator claimed was issued without giving it a proper hearing. The other parties in the long drawn case are few insurance brokers including Atkins...
Sebi moots new disclosure framework for IPOs of loss-making cos
The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the Initial Public Offering (IPO) route to raise funds New Delhi: Markets watchdog Sebi on...
EV charging stations expand 2.5 times in 9 cities including Delhi, Mumbai
Efforts by the government resulted in 2.5 times increase in charging stations in Surat, Pune, Ahmedabad, Bengaluru, Hyderabad, Delhi, Kolkata, Mumbai, and Chennai in the last four months, a power ministry statement stated According to the statement, additional 678...
Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey
The survey of 350 such dollar millionaires also indicated that the number of those who classify themselves as happy in personal and professional lives slipped to 66 per cent in 2021, down from 72 per cent in the previous year. The report estimated the number of Indian...
LIC likely to launch $8-bn IPO on March 11: Report
Shares of the state-run insurer could be priced between Rs 2,000 to Rs 2,100 each Roadshows have begun and pricing could change after assessing investor appetite and discussions with the government, reported Bloomberg A public offering of shares by India's state-run...