“The liquidation value of the equity shareholder of RCL (Reliance...
Category:
Indian News
Latest
Govt highlights GIFT City as funding destination for Startups
''So far, the startup founders have largely used VC from abroad for...
Scientists announce sequencing of 10,000 genomes of Indian population
Creating a database of Indian genomes means that researchers...
All domestic, international flight operations suspended till 17 May
A DGCA circular further stated, “However, it is reiterated that foreign and domestic airlines shall be suitably informed about the opening of their operations whether international to/from India or domestic respectively in due course.”
FPIs in selloff mode for 2nd straight month, pull out Rs 15,403 cr in April
“Of the inflows that are coming into India, nearly all are in the NBFC and pharma sectors,” said Harsh Jain, co-founder and COO at Groww.
He further said outflows have continued due to uncertainty surrounding economic conditions and investors are being cautious, keeping their reserves in the US dollar.
Covid-19 Pandemic:Confirmed cases cross 40,000,1,323 dead,record 2,644 new cases detected in last 24 hours
In a significant milestone in its fight against the novel Coronavirus,India has completed over 1 million Covid-19 RT-PCR tests (Reverse Transcription-Polymerase Chain Reaction).According to ICMR, a total of 1046450 samples have been tested as on 03 May 2020, 9 AM IST.RT-PCR is the only diagnostic test for Covid-19 approved by the World Health Organization.India is current carrying out an average of 75,000 tests per day at 419 approved laboratories across the country.
COVID-19 death toll rises to 1,218, cases to 37,336
A total of 66 deaths were reported since Friday evening of which 26 fatalities were reported from Maharashtra, 22 from Gujarat, eight from Madhya Pradesh, four from Rajasthan, two from Delhi and one each from Uttar Pradesh, Bihar, Haryana and Tamil Nadu.
Maharashtra to provide free & cashless health insurance cover to its people
Speaking to reporters after a Maharashtra Day event in Jalna on Friday, Tope said 85 per cent of the state’s population was covered under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) at present and the cover will be extended to the remining 15 per cent.A memorandum was signed to include government, semi-government employees and white ration card holders in the scheme in a bid to prevent private hospitals from overcharging patients, he said.
ICICI Lombard Gen net profit at Rs282 cr, up 24 %,in Q4Fy2020
“We have managed to book profit as we had taken a conscious call to not write crop business and also due to pricing improvements in segments like fire insurance.All business segments except retail health and motor insurance posted an underwriting profit for Q4.”
Combined ratio of the company stood at 100.4 per cent in FY2020 compared to 98.8 per cent in FY2019 primarily on account of long-term motor policies, change in product-mix and losses from catastrophic events. Combined ratio stood at 100.1 per cent in Q4 FY2020 compared to 99.0 per cent in Q4 FY2019.
Any combined ratio below 100 per cent means a general insurance company is making an underwriting profit.
Any combined ratio below 100 per cent means a general insurnace company is making an underwriting profit.
India extends nationwide lockdown,to allow relaxations in lower-risk zones
The biggest and most economically-important cities, including New Delhi, Mumbai, Bengaluru, Chennai and Ahmedabad, would all be classed as red zones, infection hotspots, and kept under strict lockdown.
COVID-19 death toll rises to 1,074; cases 33,050,MHA allows stranded to return home
MHA guidelines for movement of stranded persons
-States/UTs to appoint nodal authorities and develop standard protocol for receiving and sending persons
-All stranded persons are to be registered with the sending and receiving states
-In case of inter-state movement of such persons, consult each other and mutually agree to the movement by road
IRDA asks general insurers to guide India Inc on managing their “Property Policies”post lockdown
“The general insurers have been advised by the IRDAI to inform the policyholders of how the relevant clause(s) would apply beyond 3rd May, 2020 in all policies and what action is needed by the policyholders to avail of uninterrupted coverage,’’ said IRDAI on Thursday..
27 out of top 100 companies can’t sustain current wage bill: Deloitte study
A nationwide lockdown imposed from March 25 to contain the spread of COVID-19 has resulted in the shutting down of businesses and factories, suspension of flights and trains and restrictions on the movement of people and goods. This has led to a slump in consumption, denting revenues of many companies.
“The situation appears less comfortable after considering that other current liabilities also need to be serviced from the same cash and cash equivalents cover. Thus, even if shareholders were to take the most generous view of foregoing their share of value adds for the current year, wage bill cuts are imminent for even some of the largest of the companies in India,” said.