Category:

Indian News

CPSE strategic sale: Govt makes security clearance mandatory for bidders

According to the performa, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficial ownership to get a security clearance.

In case the acquirer is a sole bidder, then it has to share with the government details, like nationality, address, parentage, unique ID number of the country of residence and passport number, of its directors and partners.

Also a self-declaration regarding the nature and extent of presence/operation of the bidder in China and Pakistan, if any would have to be provided by them.

read more

Govt may consider privatising Oriental Insurance or United India: Report

Both Oriental Insurance and the Chennai-based United India Insurance may be able to generate interest from the private sector because of their improved financials, sources said.

The process of choosing a suitable candidate for privatisation has just started and will take some time to decide, sources said while not ruling out the possibility for listed New India Assurance, where government stake stands at 85.44 per cent.

read more

Max Life outpaces pvt life insurance industry in Apr-Dec, expects over 11 pc biz growth in FY21: CEO

”I think digital is the way forward. For a large organisation, it is extremely important to remain close to customers during COVID-19 times. You make extra efforts to remain in touch with the customers, serve the customer, digitise the customer, continue to communicate again and again. So, that has helped us,” said Max Life Managing Director and CEO Prashant Tripathy t

read more

Maharashtra imposes new COVID-19 lockdowns in some areas

Maharashtra’s Chief Minister Uddhav Thackeray said daily cases in the state had risen to almost 7,000 from about 2,000 earlier this month, demanding stricter measures from Monday to control the spread of the virus in four districts of the state.

“The second wave has been knocking on our door. Whether it has come or not will be confirmed in next eight to 15 days,” he said in a televised address, adding that restrictions could be widened beyond those four districts if necessary.

read more

Delhi reported steep spike in cybercrimes during lockdown period: Police

According to data shared by the city police, 62 per cent of the cybercrimes reported in Delhi were related to online financial fraud, 24 per cent were related to social media and 14 per cent to other cybercrimes.

The data showed that from March to May 2020, when restrictions were in place due to the outbreak of COVID-19, there was a rise in cases related to cybercrimes. It went up from around 2,000 such cases in March to more than 4,000 in May.

read more

Will make electric vehicles mandatory for officials of my department, says Gadkari

“If 10,000 electric vehicles are brought into use in Delhi, then about Rs 30 crores per month spent on fuel can be saved and it will reduce pollution. I will make electric vehicles mandatory for officials of my department,” he said. Gadkari also said that electric fuel is a major alternative for fossil fuels which have an import bill of Rs 8 lakh crores.

read more