N Ramaswamy, CMD, GIC Re GIC Re has expanded its...
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Existing rules allow termination of govt staff for giving fake certificate to secure job: Centre
"The extant instructions provide that if it is found that a...
Mention Of heatwaves at all-time high in India’s earnings calls
While heat wave was a recurring theme in many earnings transcripts,...
India’s fintech industry seen at $150-160 bn by 2025: FICCI-BCG report
India’s dynamic FinTech industry has 2100+ FinTechs of which 67% have been set up over the last 5 years alone. The total valuation of the industry is estimated at $50-$60 billion. The industry’s growth has been undeterred by the pandemic, as it has seen the emergence of 3 new Unicorns and 5 new Soonicorns (USD 500Mn+ valuation) since January 2020.
Amid concerns over Covishield, India studies post-vaccination adverse events
India has reported 234 adverse events following immunisation (AEFIs), including 71 deaths, for both the vaccines till Friday, said Dr N K Arora, an advisor to the national AEFI committee.
India reports 23,285 new COVID-19 cases, 117 deaths in last 24 hours
With the second phase of the nation-wide vaccination drive underway, as many as 2,61,64,920 doses of the vaccine have been administered so far.
Delhi govt directs malls, hotels, offices, restaurants to make space for electric vehicles with EV chargers
“Our vision is that by 2024, 25 per cent of new vehicles must be electric. Approximately Rs 30,000 subsidies are to be given for 2/3-wheelers while Rs 1.5 lakh for 4-wheelers. We are starting the ‘Switch Delhi’ campaign today to make people aware of clean vehicles,” Delhi Chief Minister Arvind Kejriwal Kejriwal.
BNP Paribas Cardif offloads 5% stake in SBI Life via open market sale
In a disclosure to exchanges, SBI Life said the foreign promoter of the company has sold 4.99 per cent, equivalent to 5,00,03,480 equity shares on March 12, 2021, through the open market process.
The remaining equity of BNP Paribas Cardif now stands at 0.20 per cent, representing 20,03,612 equity shares of SBI Life
Tesla in talks with India’s Tata Power for EV charging infrastructure – report
The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.
Tata Power’s electric vehicle charging business constantly explores growth opportunities but has not finalised any new agreements, the company said in a statement to stock exchanges.
Only private doctors on Covid-19 duty covered by government insurance: Bombay High Court
The scheme clearly states that for a private healthcare provider to be covered under the scheme, he or she must be drafted or requisitioned by the state/Centre for Covid-19-related responsibilities, the order stated.
Govt approves creation of PM Swasthya Suraksha Nidhi as single non-lapsable reserve fund for health
Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) is a non-lapsable reserve fund for health in the public account and proceeds of share of health in the health and education cess will be credited into PMSSN, the statement said.
The accruals into the PMSSN will be utilised for the flagship schemes of the health ministry such as Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), Ayushman Bharat – Health and Wellness Centres (AB-HWCs), National Health Mission, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), Emergency and disaster preparedness and responses during health emergencies and any future programme/scheme that targets to achieve progress towards SDGs and the targets set out in the National Health Policy (NHP) 2017.
Arora to handle investment portfolio after Kutumbe retires
Irdai slaps Rs 1 cr penalty on Chola MS General for undue payments to MSIPs
Irdai said the insurer violated guidelines with regard to payment, directly or indirectly, to MISP or any of its associate company.
The insurer made indirect payments to MISPs, automotive dealers and designated persons on the name of “advertisement” and “professional charges”, read the order.
“It is found that the engagement with and payments for ‘display of advertisement material’ made by the insurer to TVS, A M Motors, Indus, ERAM and Nippon during the period from November 2, 2017, to December 31, 2019, are in contravention of MISPs guidelines.