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Hitesh Joshi appointed as CMD of GIC Re
Hitesh Joshi, CMD, GIC Re Joshi has been serving as the acting CMD...
India limits cough syrup sales to pharmacies after contamination cases
The government has now removed cough syrups from the exemption...
Bharat Maritime Insurance Pool pushes down war-risk premiums for Hull and Cargo by 27-48%:Govt
Debasish Prusty, additional secretary, Department of Financial Services The re/insurers should explore the future roadmap in three steps: achieving sovereignty in maritime trade through development of a Protection and Indemnity(P&I) product domestically, scaling...
JP Morgan, Aditya Birla Sun Life MF buy Go Digit shares worth Rs100 Crore
According to NSE block deal data, JP Morgan, through its affiliate JP Morgan (Taiwan) Eastern Technology Fund, and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares, representing nearly a 0.4% stake in the Bengaluru-based insurer.The transaction marks a...
RBI keeps repo rate unchanged at 5.25%,lowers GDP forecast to 6.6 %, raises inflation to 5.1% for FY27
Sanjay Malhotra, Governor,Reserve Bank of India "The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. The central bank's rate panel felt it was "prudent" to wait until greater clarity emerges, he...
Maruti Suzuki unveils India’s first flex-fuel car as govt pushes for greater ethanol mix in petrol
From left, Maruti Suzuki India MD and CEO Hisashi Takeuchi, Union Road Transport and Highways Minister Nitin Gadkari and Union Petroleum and Natural Gas Minister Hardeep Singh Puri during the launch of the company's first flex fuel car, in New Delhi, Thursday, June 4,...
Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26
AIC strengthened its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools, Lavanya Mundayur,CMD, Agriculture Insurance Company New Delhi:State owned Agriculture...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...
Mapfre Re appoints Swiss Re’s Chaturbhuj Bansal to head its GIFT-IFSC branch
This appointment represents a key milestone in Mapfre Re’s Asia-Pacific strategy and supports the company’s ambition to build a strong local presence, enhancing proximity to clients and brokers in the region GIFT City: Spanish major Mapfre Re has appointed Chaturbhuj...
CEOs quitting general insurance companies to pursue entrepreneurial ventures
"Private equity firms recognise that capital alone cannot unlock this market; what converts opportunity into enterprise is the credibility that only seasoned operators can provide. A veteran CEO carries, in effect, a ready-assembled portfolio of regulator...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
Aon expands its global capability centre in Bengaluru
“India continues to play a critical role in our global operations, and this investment reflects our long-term commitment to growing our capabilities here. By expanding our presence with a modern, highly collaborative environment, we are strengthening connectivity,...