As per them, mutual fund investments surged by a whopping 86 per...
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Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health...
BNP Paribas buys 9% of Ageas from Fosun for EUR730 Mln
“We see the strategic rationale for a combination of banking and...
Endeavour to cut accidents, deaths on roads by 25% by March next year: Gadkari
The Ministry of Road Transport and Highways has identified over 5,000 black spots, and the process for their rectification including temporary and permanent measures is being carried out on urgent basis, he said.
Standard Operating Procedures (SOPs) regarding procedure for rectification of black spots for taking up short-term and long-term permanent measures have already been issued, as per the ministry and till date, temporary measures on 1,739 newly identified black spots and permanent measures on 840 newly identified black spots have already been taken.
Cyclone Nisarga to disrupt India’s Mumbai financial hub
The second cyclone in the country in a fortnight will carry heavy rain and wind speeds as high as 120 kilometers per hour (75 miles). It is seen hitting the coasts of Maharashtra and Gujarat Wednesday afternoon and will be intense enough to damage communication, electricity poles, trees, and plantations, according to the India Meteorological Department.
Covid-19 to shave $25 bn off from top 100 domestic brands’ value: Report
LIC retained its second position with a value of $8.1 billion, followed by Reliance at third ($7.9 billion), Infosys fourth ($7.08 billion), SBI at fifth slot ($6.4 billion).
Insurers stare at a Rs 2000 crore hit from “Amphan” devastated WB and Orissa
Till Saturday, the general insurance industry had already received claims worth of Rs 945 crore from these two states with more than 90 per cent of the total claims originating from the economically developed WB, with higher insurable industral areas, where torrential rains coupled with strong winds caused severe flooding and wind related damages especially in the Kolkata metro region, resulting in inundation and damage of both public and private infrastructure.
Around Rs 836 crore of claims have been triggered by the property damages under fire policies from the WB and rest are from motor and other policies.
Calm before the storm for Japan suicides as coronavirus ravages economy
Kyoto University’s Resilience Research Unit has predicted 2,400 more suicides for each 1% rise in unemployment. If the virus subsides in a year, unemployment could peak at around 6% by March, lifting annual suicides to around 34,000, it estimated. If pandemic conditions persist for two years, a rise to 8% unemployment by March 2022 would see suicides spike over 39,000
Nilesh Sathe joins NHAI as Finance Advisor
Sathe will help NHAI to garner funds, with long term tenures,for the country’s road development from foreign institutional investors (FIIs),World Bank,Asia Developmemnt Bank (ADB), pension funds abroad and also from domestic institutional investors from India
Nitin Gadkari, minister, ministry of transport, shipping and MSME had earlier said that he had a target to raise Rs 15 lakh crore for road development from overseas markets.
LIC to start selling 7.40% govt’s pension scheme from tomorrow
The policy term is of 10 years and for policies sold during the first financial year i.e. up to 31st March 2021, the Scheme will provide an assured rate of return of 7.40 per cent annually, payable monthly (i.e. equivalent to 7.66 per cent.p.a.) for the entire duration of 10 years .For the policies sold during the next two financial years, the applicable assured rate of interest, at which the pension payment shall be made, will be reviewed and decided at the beginning of each financial year by Ministry of Finance, Government of India.
UK insurers,banks prepare for return to office of the future
And while the 330-year-old Lloyds of London insurance market does not plan to reopen its underwriting floor before August, 40-50 “pathfinders” may start returning from June, its Chief Executive John Neal said.
IRDA asks insurers to settle Amphan claims expeditiously
There is an urgent need for the insurance industry to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims, said IRDAI
Maha fixes price cap on pvt hospitals treating COVID-19 cases
Non-government health care providers in Maharashtra have been asked to accommodate maximum number of patients with 80 per cent of the operational bed capacity to be regulated by rates sanctioned by the government.