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General insurers remain bullish on industry’s growth in 2025
"Cyber insurance is expected to gain prominence alongside the...
High nitrate levels in groundwater threaten public health in 440 districts: Report
Rajasthan, Karnataka, and Tamil Nadu had over 40 per cent of...
Depression crosses Odisha, hits over 20 lakh people and leaves 4 dead
The calamity has also caused severe damage to about 100 roads and left 25 villages marooned. As per preliminary reports received from districts there have been four human causalities ,including a three-year-old girl in a wall collapse in Ganjam in southern Odisha.
Indian law firms want higher fees to advise on LIC’s mega IPO
Government officials also recently called a few prominent law firms and urged them to join the IPO work, said three law firm partners familiar with the talks.
This week, the government relaxed its fee payment schedules, to offer a 50% payment after the draft IPO prospectus was filed.
LIC may be valued around $109-bn for its mega IPO
The government is considering selling a 5%-10% stake in the company, which could raise between Rs 40,000 crore and Rs 1 trillion, according to people with knowledge of the matter, who asked not to be identified as the matter is private.
The potential valuation is based on preliminary talks and may change after further discussions, due diligence and an official valuation report, the people said. A spokesperson for the finance ministry declined to comment.
Cabinet clears auto PLI scheme for EVs, hydrogen fuel cell vehicles
This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell (Rs 18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles (Rs 10,000 crore) will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.
Axis Bank gives approval to reclassify Oriental Insurance Co as public category shareholder
The bank said it received a request from OICL dated September 7, 2021, holding a 0.16 per cent stake in the bank, to reclassify it from promoter to public shareholder.
India reported 11.8% rise in cyber crime in 2020; 578 incidents of ‘fake news on social media’: NCRB Data
In terms of motive, the maximum 60.2 per cent cyber crimes lodged in 2020 were done for fraud (30,142 out of 50,035 cases), the NCRB, which functions under the Ministry of Home Affairs, stated.
Discussion on pricing of Zydus Cadila’s COVID-19 vaccine going on, decision soon: Dr VK Paul
According to sources, ZyCoV-D, a needle-free coronavirus vaccine, is likely to be available by early October. It is the world’s first plasmid DNA vaccine for Covid-19.
It’s a three-dose vaccine that will be administered on day zero, day 28, and day 56. The vaccine has been approved to be administered to adolescents between ages 12 and 18.
India needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report
The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.
In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.
Madras HC quashes order increasing speed limit to 120 kmph on highways
The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.
When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.
No of people who got at least one jab in India highest in world: Health Ministry
According to an e-book on COVID-19 vaccination uploaded on the ministry’s website on Tuesday, 62.54 per cent doses of the vaccines have been administered in vaccination centres in rural areas, while 36.30 per cent were given in urban areas.