Indian News

Going forward, on the domestic front, the focus of FPIs would continue to be on the active COVID-19 case count coming further down and the economic getting back on growth trajectory, Himanshu Srivastava, associate director – manager research, Morningstar India said. There has been improvement in the macro-economic environment which has so far ensured that FPI flows remain intact.

COVID-19-battered auto sector drives into 2021 with cautious optimism

Dec 20, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

”The biggest challenge is to sustain business operations and ensuring financial health of the organisation. Performance of the automotive industry is linked to each stakeholder in the value chain starting from vendors to our dealerships,” Kim said. Honda Cars India Senior Vice President and Director Marketing & Sales Rajesh Goel said with the health crisis expected to continue for some time, rise in personal mobility is likely to help the auto industry sustain sales momentum in the coming months.

Bharti AXA General Insurance records a net profit of Rs 95 cr in H1 FY 2020-21

Dec 20, 2020 | Indian News, Non-Life

“As the headwinds followed the COVID-19 pandemic, subsequent lockdowns and restrictions, we shifted our focus towards ensuring that customers’ plight is better managed in these trying times. The judicious investment made formerly in tech solutions across all touch-points reaped immense benefits in this period and helped us respond with the required agility. Further, efforts were made towards ramping up adoption of self-service options, building pro-active connect with customers especially in cases adjudication of claims remotely and reimbursement claims. The quick adaptation to the new normal, driven by digital realities and changed customer needs helped build a better customer connect and strong performance during this period. With the economic and business activities picking up post-lockdown,”he said.

Home loan ticket size up to over Rs 26 lakh in 2020 on incentives, non-metro demand growth: Report

Dec 20, 2020 | Eco/Invest/Demography, Indian News

In credit card segment, non-metros remained ahead of metros with their contribution growing by over 20 per cent. There was 115 per cent rise in applications for premium credit cards and 240 per cent jump in applications by females in non-metros, showed the study. ”Habits once formed during the pandemic are likely to last. Credit card users have gotten used to accelerated rewards and cashback through online shopping. This will likely continue,” the report said.

Integrating ESG aspects in financial sector to benefit all stakeholders:E&Y report

Dec 20, 2020 | Eco/Invest/Demography, Indian News, Risk Management

Chaitanya Kalia, Partner and National Leader of Climate Change and Sustainability Services (CCaSS) at EY India, said the COVID-19 pandemic has ascertained the importance of ESG in businesses to manage risks, improve returns and build resilience for a crisis-resilient long-term value creation. ”As we look at the financial sector from the ESG lens, investors need to evaluate environmental and social issues that have a profound and direct role in the economic revival,” Kalia added.

Economic impact of coronavirus could be painfully long for Indian women

Dec 20, 2020 | Eco/Invest/Demography, Health, Indian News

A tiny elite of urban, educated women has benefited from the shift to remote work under lockdown: A recent study released by LinkedIn, based on internal data for India, found women’s participation in the labor force actually increased by 7% between April and July. But this only applies to jobs in the formal, white-collar, urban economy — a tiny fraction of the labor market. For most Indian women, the situation is deeply worrying.

Ombudsman directs Bajaj General Insurance to pay full hospitalisation expenses for Covid treatment

Dec 20, 2020 | Health, Indian News, Non-Life, Pandemic

After scrutinizing the documents produced on record coupled with the depositions of both the parties, Miland Kharat, Ombudsman, Mumbai & Goa observed that the policyholder has taken treatment in the insurer’s network hospital. However, it appeared that the hospital has not adhered to Preferred Provider Networ (PPN) rates and has overcharged the patient in violation of their agreement with the Bajaj Allianz General Insurance .
“Nevertheless, it would not be fair to penalise the policyholder for the same as he has genuinely incurred the expenses and has paid the charges as billed by the hospital. The policyholder is entitled to be reimbursed the entire hospitalization expenses barring non-medical items and the Bajaj Allianz General insurance may seek refund of the amount billed in excess of agreed rates directly from the hospital.” he directed.

IMA moves SC on allowing Ayurvedic docs to perform surgeries

Dec 20, 2020 | Eco/Invest/Demography, Health, Indian News, Risk Management

The central government had allowed PG students of Ayurveda to perform various kinds of general surgery and medical procedures, including orthopaedic, ophthalmology, ENT and dental, by notifying an amendment in a gazette notification the CCIM issued in November.

The latest amendment allows PG Ayurveda students to receive formal training for such procedures. The training modules for surgical procedures will be added to the curriculum of Ayurvedic studies.