M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
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Govt notifies wage revision for PSU general insurance industry
The overall hike in wage bill will be 12.41 per cent with an...
US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using...
Israel-Iran conflict: India Inc braces for wider sea trade disruption
As per a recent Crisil Ratings report, Indian companies use the Red Sea route through the Suez Canal to trade with Europe, North America, north Africa, and part of the Middle East. The country’s overall merchandise trade (exports and imports combined) in FY23 was Rs...
India’s EV market rises 23 pc in September with 1.59 lakh unit sales
Electric two-wheeler sales were 0.90 lakh units, a rise from 0.64 lakh units in the same month last year. The electric three-wheeler segment saw 0.63 lakh unit sales, compared with 0.58 lakh units in September 2023, as per the data New Delhi: In a boost for the...
Maharashtra: 2 pilots among 3 killed as helicopter crashes in Pune
The helicopter belonging to the Delhi-based Heritage Aviation, a private firm, took off from the Oxford County Golf Course helipad in Pune and was heading to Juhu in Mumbai when it crashed at 7.40 am, they said. The reason for the crash is yet to be ascertained Pune:...
WTW to sell insurance distribution unit to public-equity firm for $632.4 million
“With the sale of Tranzact, we are exiting this direct-to-consumer market and accelerating our progress toward our long-term free cash flow margin goals,” WTW CEO Carl Hess said Willis Tower Watson said Tuesday it would sell its direct-to-consumer insurance...
Escalating conflict hurts India’s trade with West Asian countries
Disruptions in key shipping routes, particularly through the Suez Canal and Red Sea, have forced vessels to take longer paths around the Horn of Africa, leading to a 15-20 per cent increase in shipping costs New Delhi: The escalating conflict in West Asia is hurting...
10 new Insurance Ombudsmen selected
The new Insurance Ombudsmen are -Sarojini S Dikhale, for Mumbai, Umesh Sinha, Thane, K Vinayak Rao, Chennai, Alka Jha, Chandigarh, Neerja Kapur, Bengaluru, Ajay K Sharma, Guwahati, Pradeep K Jain, Kochi, G Sobha Reddy, Hyderabad,Satyajeet Ranjan, Jaipur,...
Port strike will paralyze half of US trade and cargo carriers
Oxford Economics estimated that a strike would cost the US economy $4.5 billion to $7.5 billion a week — a hit to gross domestic product that would be reversed after it’s over and shipments resume The world’s top container carrier is urging customers to move US cargo...
Marsh McLennan strikes $7.75 bln deal for McGriff Insurance Services
Marsh McLennan said it expects the deal, struck through its Marsh McLennan Agency business, to enhance the unit's capabilities across commercial property and casualty, employee benefits, management liability and personal insurance lines Marsh McLennan, the largest...
Tata iPhone component plant halts production indefinitely after fire
The fire broke out at the plant in Tamil Nadu state early on Saturday, leaving 10 people with minor injuries and halting production. It is the latest incident to affect Apple's iPhone supply chain in India just as the tech giant is looking to diversify beyond China...
MP govt will take all steps to protect IPR in view of future challenges: CM Yadav
In the coming days, challenges will arise regarding determination of intellectual property rights of research, inventions, ideas and formulas of medicines and questions will come up about protection of such knowledge, Madhya Pradesh Chief Minister Mohan Yadav said...