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IRDAI seeks detailed clarifications on Hinduja group’s plan to take over Reliance Capital
It is also proposed by Hinduja group to raise borrowing for...
LIC emerges as the strongest global insurance brand: Brand Finance Insurance Report
With a brand strength index score of 88.3, another Indian life...
India’s water crisis is forcing farmers to finally rethink what they grow
Water shortages are already acute: nearly half the country’s population faces high-to-extreme water stress and about 200,000 die each year due to inadequate access to safe water. Stoked by climate change, the water crisis has forced Prime Minister Narendra Modi’s government to try and turn around decades of established farming practices and convince the country’s most powerful voting bloc to change the crops they plant. Water-guzzlers like rice and wheat are out, corn and pulses are in.
Govt to soon come out with a list of strategic sectors: DEA Secretary
Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
“One important thing that I would like to mention is that the government should soon come out (with guidelines on) privatisation of the public sector companies,” Economic Affairs Secretary Tarun Bajaj said.
“This is a major announcement. I would say after 1956 when we decided to have public sector enterprises as our showpieces, this is the first time that any government has said that we will not have companies in the non-strategic sector in the public sector and in the strategic sectors also we will have less number of companies,” he said.
ICICI Lombard partners with Phone Pe to offer Hospital Daily Cash benefit
It is a customized hospitalization policy that allows PhonePe users to get an assured amount if they are hospitalized due to injury or illnesses including COVID-19. The biggest benefit of this product is that hospital bills are not required for the claim. A Discharge Certificate would be sufficient in most cases for the claim processing. The cover can be availed in less than 2 minutes as the process is quite simple and customers can view their policy documents instantly on the app.
SoftBank-backed fintech startup seeks $3.5 billion value in IPO
The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, co-founder Yashish Dahiya told Bloomberg News. Policybazaar is now selecting two to three IPO lead underwriters from a roster that includes several Wall Street banks, said Dahiya, chief executive officer of Policybazaar parent ETech Aces Marketing and Consulting Pvt.“The IPO size will be about $500 million,” Dahiya said from London, where he is currently based. “We have global interest and will raise in the coming weeks” for the pre-IPO financing.
SBI Gen Insurance appoints PC Kandpal as MD & CEO
Kandpal,DMD SBI,is a seasoned banker and has more than 33 years of experience with SBI.His stint at SBI involves experience in both retail and international banking, human resource, technology and learning and development. He also had a stint in SBI Mutual Fund as the Chief Operating Officer
Pushan Mahapatra,the former MD & CEO has been appointed as Director-Strategic Investments & Digital Initiatives and continues to be Whole Time Director, SBI General Insurance.
Single-day spike of 37,148 COVID-19 cases; India’s tally rises to 11,55,191
There are 4,02,529 active cases of the coronavirus infection currently in the country, while 7,24,577 people have recovered till now. Thus, 62.72 per cent people have recovered so far.
This is the sixth consecutive day when COVID-19 cases increased by more than 30,000.
N-95 masks with valved respirators ineffective against Covid-19, says govt
“It is to bring to your knowledge that the use of valved respirator N-95 masks is detrimental to the measures adopted for preventing the spread of coronavirus as it does not prevent the virus from escaping out of the mask. In view of the above, I request you to instruct all concerned to follow the use of face/mouth cover and prevent inappropriate use of N-95 masks,” DGHS Rajiv Garg said in the letter.
India’s COVID-19 fatality rate drops to 2.43% from 3.36% on Jun 17:Health Ministry
“Nineteen states and UTs are performing more than 140 tests per day per million population. Just doing tests is not enough, they have to be done at a level of 140 tests per day per million so that the rate of positivity reduces and comes down to 10 per cent first and then continue the testing process so that the rate of positivity further reduces to 5 per cent or lower,” he said
Update your Google Chrome browser now to avoid hackers, says CERT-In
“Multiple vulnerabilities have been reported in Google Chrome that could allow remote attacker to execute arbitrary code, bypass security restrictions, access sensitive information, contact spoofing attack and denial of service (DoS) attack on the targeted system,” the Computer Emergency Response Team-India (CERT-In) warned in its latest advisory.
“Corona Kavach”can now be offered as a group policy:IRDAI
t will also be extremely useful for various categories of frontline workers as groups. In case the group consists entirely of doctors, nurses or healthcare workers, a discount of 5% will also be available as a mark of recognition of their contribution in fighting the society’s battle against Covid-19. The group policy can provide protection to a large number of employees engaged in manufacturing, services, SMEs, MSMEs, logistics sector, migrant workers and bring peace of mind to them, their family members and the employers.