The New India Assurance Company contested the claim, arguing that...
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GIPSA urges govt to notify new wage revision of PSU employees quickly
GIPSA in its communication to the fincial services department...
MACT awards Rs 18.32 lakh compensation to kin of man killed in road accident
In its order dated November 10, the tribunal said, "It is well...
Black Sea shipping traffic slowing after Russia, Ukraine warnings
Additional war risk insurance premiums, which are charged when entering the Black Sea area, need to be renewed every seven days. They already cost thousands of dollars and are expected to go up, given also the risk of floating mines War risk cover for Russia's Black...
Centre proposes maximum three-year jail term, steep fines to curb film piracy
''If any person contravenes the provisions of section 6AA or section 6AB, he shall be punishable with imprisonment for a term which shall not be less than three months, but may extend to three years and with a fine which shall not be less than three lakh rupees but...
Private equity investments in healthcare increase expenses, enhances treatment quality: Study
Private equity ownership was also associated with mixed to harmful effects on healthcare quality, while the impact on health outcomes and operator costs was inconclusive In addition, the team said, healthcare providers may need to pay more attention to the financial...
3 earthquakes jolt Rajasthan’s Jaipur within half an hour, no casualties, damage
The latest earthquake of magnitude 3.4 occurred at around 4.25 am, the National Center for Seismology (NCS) reported. According to the NCS, it occurred at a depth of 10 kilometres Jaipur: Three earthquakes were felt in Jaipur in the early hours of Friday in a span of...
Russia warns against any ships traveling to Ukraine from Thursday
Norwegian shipping insurance group DNK, which provides war risk policies, told Reuters on Wednesday it was currently unable to provide cover for Ukraine Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying...
Financial services secretary asks banks to achieve financial inclusion targets at earliest
He also reviewed the progress made by banks with special focus on the progress under the ongoing Jan Suraksha campaign of PMJJBY & PMSBY schemes in all the Gram Panchayats of the country being held from April 1 and urged them to ensure achievement of targets of...
Only 27% of $194 bln economic losses from global natural disasters insured in 1H2023: Aon
Turkey and Syria earthquakes drive nearly half of economic losses from Global Catastrophes in 1H 2023 "Despite the reality that communities globally remain at risk to catastrophes, only about 27 percent of economic losses this year have been insured. These devastating...
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...
Himachal rains: Economic losses of Rs 4808.79 crore, Death toll reaches 130
As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra's Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to rains,...