In its Financial Stability Report, the central bank has cautioned...
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Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part...
India’s Auto Sector-2025: EV momentum, premiumisation and engineering innovation
Ajinkya Firodia, Vice Chairman and Managing Director of Kinetic...
NCLT orders RBI, DIPP to expedite RCap resolution plan
The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an 'extension to complete the obligations' for implementing the resolution plan Mumbai: The National Company Law Tribunal on Monday directed the Reserve Bank and...
SBI Gen, Munich Re and GIC Re bag Nagaland’s parametric renewal cover for disaster management
Neiphiu Rio,Chief Minister, Nagaland Nagaland Chief Minister Neiphiu Rio said his government and SBI General Insurance inked an MoU on for Disaster Risk Transfer Parametric Insurance Solution (DRTPS), making Nagaland the first state in the country to implement a...
Financial strain of disability in India high, insurance aims to bridge gap
According to experts, close to 5 to 7 lakh people in the country suffer from temporary or permanent disability each year due to the high rates of accidents and crippling diseases and lose their ability to work and earn a livelihood New Delhi: A staggering number of...
Hinduja led IIHL deposits Rs 2,750 crore in escrow account, provides term sheet for funding Rs9,750 cr RCap deal
IIHL, after transferring the funds ,has asked the CoC and administrator to implement the approved resolution plan for Reliance Capital Mumbai: Complying with the National Company Law Tribunal (NCLT), Hinduja owned IndusInd International Holdings Limited (IIHL), the...
Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected region in Wayanad and is being received by Kerala Chief Minister Pinarayi Vijayan and Governor Arif Muhammad Khan CM Vijayan said that a thorough assessment of the damages is currently underway, with...
10 X-Band Doppler Weather Radars to enhance weather monitoring, says Jitendra Singh
Jitendra Singh, Union minister of State (Independent Charge) for Science and Technology and Earth Sciences The deployment of these radars is part of a broader initiative by the Government of India to strengthen the country’s meteorological infrastructure. By enabling...
Plane crashes in fiery wreck in Sao Paulo with 62 people aboard
At an event in southern Brazil, President Luiz Inácio Lula da Silva asked the crowd to stand and observe a minute of silence as he shared the news. He said that it appeared that all passengers and crew aboard had died, without elaborating as to how that information...
GIC Re’s net profit jumps 42% to Rs1036 cr in Q1FY25
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
NIA’s profit falls almost 17% to Rs 217 crore in Q1FY25
Girija Subramanian,CMD , New India Assurance Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters, Girija Subramanian, CMD, New India Assurance, who took charge of the company in June Mumbai:...
New India’s Lavanya Mundayur selected as CMD of AIC
Lavanya Mundayur, general manager and chief underwriting officer, New India Assurance Mundayur is the youngest general manger in the PSU general insurance industry and will retire in May 2029 New Delhi: The Financial Services Institutions Bureau(FSIB) has selected...