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Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24
Anil Aggarwal, MD & CEO, Shriram General Insurance Company. The...
Decide a limit on serving liquor as customers drive vehicles to return home: Court on Pune car crash
After hearing the arguments of the prosecution and the defence,...
BBB selects Siddhartha Mohanty for the post of LIC MD
Mini Ipe has been kept as the candidate on the reserve list for the said vacancy.
The BBB interfaced with five candidates from Life Insurance Corporation of India on October 28, 2020 for forthcoming vacancy of MD of LIC .
COVID-19 caseload in India breaches 80-lakh mark with 49,881 new cases
The world’s second most populous nation also has the second highest tally of infections after the United States, which has recorded 8.8 million
The COVID-19 case fatality rate has further declined to 1.49 per cent.
There are 603687 active cases of coronavirus infection in the country which comprises 7.5 per cent of the total caseload, the data stated.
Fare limits to remain in place for another three months Puri
“Even though we are extending it by three months, if by the time we reach the end of the year, and if we find that there is a very appreciable movement in the situation and we are reaching pre-COVID levels, I would absolutely have no hesitation if my colleagues (aviation ministry officials) want us to not utilise the price band for the full three months period,” Puri added.
Indian outfit wins UN award for efforts to combat climate change amid COVID-19
COVID-19 has altered lives, economies and the nature of business on every continent — from the largest cities to the smallest villages. It is the most urgent threat facing humanity today, but we cannot forget that climate change is the biggest threat facing humanity over the long term,UN Climate Change Executive Secretary Patricia Espinosa said
SBI General net profit rises 53% to Rs 300 cr in H1 FY 2020-21
he general insurer has manged to achieve a positive Combined Ratio, indicating the operation efficiency of a general insurer, of 96.8 per cent in H1FY 2020-21.
P.C. Kandpal, MD and CEO, SBI General Insurance Company Limited said, “Our strong distribution network and diversified products portfolio have enabled us to strike growth rate of 17 per cent against the industry growth rate of 1.6per cent. Led by Health, we expect to close this year with an overall growth of 20 per cent. Since August, there has been uptick in the motor segment, however it will still be some time before the segment will come back to pre-Covid level. On back of massive increase in use of personal mode of commute due to the pandemic, we are expecting positive traction in the third-party cover business. In H1, our Crop and Fire segments have also contributed in our growth.
India”s COVID-19 caseload crosses 80 lakh
he Union Health Ministry data updated at Wednesday 8 am showed a single-day increase of 43,893 infections, taking the country”s COVID-19 tally of cases to 79,90,322, while the death toll climbed to 1,20,010 with 508 people succumbing to the disease during the same period.
Govt to bring new law to curb air pollution in Delhi-NCR
The new law will be only for Delhi and NCR. It will come out soon. I cannot comment on what penalties it will entail. It is a new law to curb pollution in Delhi NCR region only. Air Act is for the nation and it will be as it is, Environment Secretary, R P Gupta, told PTI.
Cadila scouts partners to ramp up Covid vaccine production by 50 to 70 mn
The Ahmedabad-based firm is looking to hire contract manufacturers for an additional 50 million to 70 million doses of its plasmid DNA vaccine, on top of the 100 million that will come from its own capacity, according to Managing Director Sharvil Patel. He declined to name the companies and the amount Cadila has invested in developing the vaccine.
“We’re just waiting for phase II to push that part of the process,” Patel, the 42-year-old, third-generation head of family-owned Cadila, said
After over 3 months, less than 40k COVID cases reported in single day across country: Govt data
A total of 72,01,070 people have recuperated from COVID-19 so far, pushing the?national recovery rate to 90.62 per cent while the case fatality rate stands at 1.50 per cent.
The number of active cases of coronavirus infection has remained below 7 lakh for five days in a row
There are 6,25,857 active cases of coronavirus infection in the country as on date which comprises 7.88 per cent of the total caseload,the data stated.
AI Kozhikode crash costs re/insurers the highest Indian aviation claims of Rs 660 cr, New India settles full Hull claim of Rs 373.83 cr in a record time
“The payment for aircraft Hull has been made within two working days after receiving necessary documents from reinsurers, setting high standards of service, reliability and always standing with our clients in the times of need and distress. It speaks volumes of our financial strength, cash liquidity and the trust bestowed on us by entire Indian air line industry as we are writing almost all commercial airlines in India,’’ said Atul Sahey, CMD, NIA.
The Air India insurance account is majorly reinsured ,above 95 per cent, in London market with global re/insurers like AIG,AXA Allianz and GIC Re providing the reinsurance capacity.Leading aviation and liability broker Global Insurance Brokers was the broker for the AI cover. .