The incurred claims ratio for private sector general insurers,...
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India’s insurance penetration falls further from 4% to 3.7% in FY 24
According to the latest IRDAI annual report for Fy 23-24, released...
Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
Gender-wise utilisation shows that women account for 49 per cent of...
Indian growth jumps in April-June, helped by looser pandemic curbs
Many analysts said the risk of spiking infections 19 from the Delta variant and the sluggish pace of vaccinations in some states could slow momentum, however, with the economy unlikely to regain its pre-pandemic size of about $2.9 trillion before the middle of fiscal year 2022-23.
Tesla closer to making its official debut in India
Tesla has had its vehicles certified as being roadworthy in India, a posting on the website of the nation’s ministry of road transport and highways showed.
“The tests ensure the vehicle matches the requirements of the Indian market in terms of emission and safety and road worthiness,” according to the site. A Tesla fan club earlier tweeted about the development, saying the cars were probably Model 3 and Model Y variants.
India’s coronavirus vaccine supply jumps, raising hopes of export
India’s daily vaccinations surpassed 10 million doses on Friday, with national vaccine production more than doubling since April and set to rise again in the coming weeks. New production lines have been set up, a vaccine developed by Cadila Healthcare won recent approval, and commercial production of Russia’s Sputnik V is starting in India.
The Serum Institute of India (SII), the world’s biggest vaccine maker, is now producing about 150 million doses a month of its version of the AstraZeneca shot, more than twice its April output of about 65 million, a source with knowledge of the matter said.
Covid destroyed lives, heart-wrenching to see survival of kids at stake: SC
“We are glad that the UoI (Union of India) and the state governments/Union Territories have announced schemes to provide succour to the children in need. We have no doubt that the authorities concerned would leave no stone unturned to attend to the immediate basic needs of the crestfallen children, said a bench of justices L Nageswara Rao and Aniruddha Bose.
The top court, which was hearing a suo motu matter on ‘Contagion of COVID-19 on children protection homes’, noted in its order that over one lakh children have lost either or both parents during the pandemic.
Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL
Dealers of two-wheelers, passenger vehicles and commercial vehicles expect sales to increase 10-15 per cent this fiscal on a low base of last fiscal, driven by new model launches, pent-up demand, and festive season sales, the survey revealed.
However, a possible third wave of COVID-19, spurt in fuel prices and supply constraints of original equipment manufacturers (OEMs) are seen among factors that could slow the sector down, CRISIL said on Monday.
After July, August too set to record less than normal rainfall: IMD
“August recorded 26 per cent deficiency till yesterday (August 28),” IMD Director General Mrutunjay Mohapatra said, adding that the shortfall has been recorded in north and central India.
June recorded 10 per cent more rainfall.
The IMD will soon release a forecast for September, he said.
Ez4EV to soon launch on-demand mobile charging stations for EVs
The transition from IC (internal combustion) engines to e-mobility requires efficient charging infrastructure. The Ez4EV plans to solve the problem of inadequate infrastructure by deploying a network of autonomous EzUrja charging stations. With this, the company aims to become a key player in the innovative charging infrastructure market by providing ‘Infra-as-a-Service’ for the Indian EV sector.
PhonePe receives insurance broking licence from IRDAI
With over 300 million registered users,Phone Pe’s ‘direct broking’ license will allow it to distribute insurance products from all insurance companies across India.
Gunjan Ghai, vice president & head of insurance at PhonePe said, “This licence is a big milestone in our insurance journey as this move to broking will give us further momentum and accelerate our growth in this space. We are building a robust, full-service platform for our deeply engaged customer base through products in partnership with high quality insurers.”
Covid-19 3rd wave could peak between Oct-Nov; intensity expected to be 1/4 of second wave
Manindra Agrawal, an IIT-Kanpur scientist who is part of the three-member team of experts that have been tasked with predicting any surge in infections, said if no new virulent emerges, then the situation is unlikely to change.
If the third wave peaks, the country may see only 1 lakh daily cases as against more than 4 lakh when the deadly second wave was at its peak in May. The second wave killed thousands and infected several lakh.
RBI issues direction on compensation of private banks’ top officials
The RBI issued the clarification saying “it has been observed” that banks do not recognise grants of the share-linked compensation as an expense in their books of account concurrently.