Vessels of the Shipping Corporation of India (SCI) are also...
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Iran vows to attack any ship trying to pass through Strait of Hormuz
"The strait (of Hormuz) is closed. If anyone tries to pass, the...
Ausatralian QBE to take full control of its Indian JV, buys out 51% stake from Prism Johnson for Rs 324 Cr
This is the first deal by any foreign insurer to have a 100 per...
AAIB plans granular analysis of data related to incidents involving aircraft in Indian airspace
Coming under the civil aviation ministry, AAIB is responsible for classification of safety occurrences involving aircraft operating in the Indian airspace into accidents, serious incidents, and incidents New Delhi: Aircraft Accident Investigation Bureau (AAIB) plans...
AB PM-JAY reduces India’s out-of-pocket medical expenses from 62 per cent to 38 per cent: JP Nadda
J.P. Nadda,Union Health Minister Over 8.19 crore people across India have received treatment under this scheme, and the government has spent around Rs 1.26 lakh crore on AB PM-JAY New Delhi: With the implementation of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana...
Bagic’s T A Ramalingam takes over as first CEO of Prem Watsa’s Value Attics Reinsurance
T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who completed his stint with BAGIC, after serving the insurer for over 20 years, in March end, has taken over his new assignment on Thursday Mumbai: T A Ramalingam, former senior president of Bajaj Allianz...
Slow down: Indian general insurance industry grows premium by just 6.2% to almost Rs 3.08 trillion in FY 25
The top five players -New India Assurance(with a market share of 12.56 per cent), ICICI Lombard General Insurance(8.72 per cent), Bajaj Allianz General Insurance(6.96 per cent), United India Insurance(6.53 per cent), Oriental Insurance(6.45 per cent) , have expanded...
SC summons MoRTH top officials for failing to implement `golden hour’ scheme for road accident victims
Sources in the industry pointed out that the MoRTH has already transferred around Rs 450 crore , mobilised by the general insurers to be spent in `golden hour’ treatment, to its own account so that it can implement the scheme directly without involving the insurers...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very strong. Over the last two years, some insurers have set up new and expanded capacity in the region due to market profitability in the downstream sector. This is coupled by an increased demand from...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue on the Indian side have been flagged as cooperation in IFSC GIFT City, investment, insurance and pension sectors, fintech and digital economy, and mobilising affordable and sustainable climate finance...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...
India’s car sales surge past 41.53 lakh mark during FY25
Two-wheeler sales during 2024-25 registered a higher growth rate at 7.71 per cent year-on-year to touch 1,88,77,812 units on the back of buoyant demand. Three-wheelers sales rose 4.54 per cent compared to the previous on driven by higher economic activity but...
Automobile retail sales drop 7 pc in Feb amid slowing demand FADA
"Dealers noted weak market sentiment which specially continues in the entry level category, delayed conversions, challenging targets and stressed that OEMs should avoid overburdening dealers with excessive inventory -- a practice that risks unmanageable stock levels...