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Go Digit shares settle with over 12 pc premium in debut trade
The stock began the trade at Rs 281.10, up 3.34 per cent from the...
New India doubles its net profit to Rs 354 cr in Q4FY24
Titus Francis, executive director, NIA "NIA has delivered excellent...
India’s carmakers report brisk sales in monthly sales in Oct
Maruti Suzuki, the country’s biggest automaker, said it sold 182,448 vehicles in October, an increase of nearly 19% over the same period last year
GIC Re expects a price rise of 10-15 % in Jan 1 renewals, to implement Lloyd’s best practices:Srivastava
“We don’t have Business Interruption(BI) claims in India because of the lockdown in the country as General Insurance Council(GI Council),the official representetive body of the Indian resurers and general insurers, with the advise of the Indian insurnace regulator IRDAI has clarified that no BI claims are admissible, without physical damages, because of Covid-19 Pandemic.We have some BI exposures in the overseas markets like Europe and we are waiting for clarity to make payments. But we have already provided for it and it is unlikely to put pressure on our balancesheeet,” said Devesh Srivastava, Chairman-cum-Managing Director in an exclusive interview with Asia Insurance Post.
`GIC Re is in favour of participation of other global reinsurers in the Indian “Pandemic Pool’’he said
Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee
“To make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030 through EVs in shared mobility, charging infrastructure development and EV and ESS manufacturing activities,” the policy said
India’s COVID-19 caseload goes past 81 lakh with 48,648 fresh infections
A total of 74,32,829 people have recuperated from COVID-19 so far, taking the national recovery rate to 91.34 per cent. The case fatality rate has dropped to 1.49 per cent.
The number of active COVID-19 cases remained below 6 lakh for the second consecutive day.
There are 5,82,649 active cases of coronavirus infection in the country, which comprise 7.16 per cent of the total caseload, the data stated.
Delhi witnesses coldest October in 58 years
On Thursday, Delhi recorded a minimum temperature of 12.5 degrees Celsius — the lowest in the month of October in 26 years. The last time Delhi recorded such a low temperature was in 1994.The national capital had recorded a low of 12.3 degrees Celsius on October 31, 1994, according to the IMD data.
Centre asks states to form committees for smooth COVID-19 vaccination drive
Stating that COVID-19 vaccine introduction will span over a year with multiple groups being included “sequentially starting from health care workers”, the Health Ministry has sought constitution of committees at state and district levels which will review preparatory activities in terms of cold chain preparedness, operational planning, strategies for state-specific challenges in terms of geographical terrain and hard-to-reach areas, etc
RBI asks Axis bank to restructure its plans to acquire stakes in Max Life
Under the revised agreements, Axis Bank will acquire upto 9.002 per cent of the equity share capital of Max Life, and, Axis Capital Limited and Axis Securities Limited will together acquire upto 3.000 per cent of the share capital of Max Life.
In addition, Axis Entities will have a right to acquire an additional stake of upto seven .per cent of the equity share capital of Max Life, in one or more tranches..
Cyberattacks hit over 1,000 schools, colleges between June-Sept globally
“While online teaching and learning is a crucial part of the new normal, it is also important for students and teachers to act mindfully before, during and post the online classes,” Murali Urs, Country Manager-India, Barracuda Networks, said in a statement.
True North part-exits Policybazaar
The PE fund, however, did not share financial details on the exit like the stake sold or returns made
COVID-19 caseload in India climbs to 80,88,851
A total of 73,73,375 people have recuperated from COVID-19 so far pushing the national recovery rate to 91.15 per cent while the case fatality rate stands at 1.50 per cent.
There are 5,94,386 active cases of coronavirus infection in the country as on date which comprises 7.35 per cent of the total caseload, the data stated.