Siddarth Mohanty, MD& CEO, LIC, said the work has already...
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LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO &...
Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to...
Cabinet clears amendments to Insurance Act for raising FDI to 74%
Under the new structure, the majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and specified percentage of profits being retained as a general reserve.
India’s EV financing industry projected to be worth Rs 3.7 trillion in 2030:NITI Aayog Report
The 10 solutions recommended in the report include financial instruments such as priority-sector lending and interest-rate subvention. Others are related to creating better partnerships between OEMs and financial institutions by providing product guarantees and warranties. Furthermore, a developed and formal secondary market can improve the resale value of EVs and improve their bankability. “The identified barriers within EV finance need to be tackled in structured manner with innovative financing models,” said Randheer Singh, Senior Specialist at NITI Aayog.
Bharat’s COVID shot shows high immune response, further study needed for elderly
Less than 9% of the more than 18.2 million Indians vaccinated so far against COVID-19 had taken COVAXIN as of Tuesday, government data showed.
Govt clears appointment of Dey as CMD of Oriental Insurance
Dey will be joining OIC at a time when the company has many financial challenges to be tackled.OIC with a combined ratio of 141 per cent had an underwriting losses of Rs 4,197 crore in 2019-20.
Over 100 liver transplantations done in 10 years: ILBS
According to Pamecha, around two-thirds of the children were transplanted for chronic liver diseases, the common cause of which is biliary atresia — where the bile ducts are blocked with absent bile flow.
Rest one-third of the children were transplanted for acute liver failure, which is commonly due to hepatitis A virus, where the liver rapidly deteriorates in a previously healthy child within a few days to weeks, he noted.
Fire breaks out in Thane residential building, 32 electric meters gutted
“No one was injured. At least 32 electric meters were gutted in the blaze. The power supply to the building was affected due to the fire,” the official said. Officials of the power supply company and police also reached the scene and a probe was underway to ascertain the cause of the blaze”
COVID-19: India records 18,599 new cases, 97 fresh fatalities
Maharashtra, Kerala, Punjab, Karnataka, Gujarat and Tamil Nadu are the six states that cumulatively account for 86.25 per cent of the new coronavirus cases reported in the past 24 hours, the Health Ministry said on Monday.
Maharashtra has reported the highest daily new cases at 11,141, followed by Kerala with 2,100 and Punjab with 1,043 new infections, the ministry said.
Women want health covers to be more `women-centric’: Survey
The report showed that 98% of the women believe that there should be more women centric health add-ons in the health insurance such as Menstruation/hormonal issues, PCOD treatment, Mental Illness related to Postpartum Syndrome and Osteoporosis Treatment. Women’s health has been majorly affected given their ever-evolving roles both at work as well as at home which make the need for health insurance vital. Their bodies are biologically different from men; hence it has been noted that women are more susceptible to critical ailments such as arthritis, breast cancer, auto-immune diseases, menstruation/hormonal issue etc.
Delhi Govt to provide scrapping incentives under Delhi EV Policy: Gadkari
The Delhi Government order issued on February 25, 2021 in this regard mandates conversion of all vehicles owned/leased by the Government of NCT of Delhi to transition to electric by Aug 6, 2021, the minister said. ”Under the Delhi EV Policy, 2020 —scrapping incentive is provided for the vehicles in lieu of scrapping a more polluting conventional vehicle.
Number of vehicles per thousand population rose considerably in Delhi: Eco survey
The total motorized vehicles in Delhi rose to 1.18 lakh crore by March 31, 2020, it said. Car and jeeps accounted for around 28 per cent of the total registered motorized vehicles, whereas two-wheelers are about 67 per cent of the total registered vehicles in the city, it said.