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EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report
HSBC outlines three possible scenarios. In the first, GST on small...
India InsurTech Association recognized as a “Champion of National Health Claims Exchange
The India InsurTech Association (IIA) has been formally recognized...
IndusInd International Holding receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition
IIHL is offering Rs 10,000 crore for Reliance Capital, while the liquidation value (LV) and fair value (FV) of the company are pegged at Rs 13,000 crore and Rs 17,000 crore respectively Mumbai: The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which...
Oil tanker seized by Iran had Indian crew, says operator
The seizure underscores continued tensions in a vital corridor for oil tankers. Hundreds sail through the Gulf of Oman each month, on their way to and from the Persian Gulf and some of the world’s biggest oil-exporting nations such as Saudi Arabia, Iraq and Kuwait...
India emerging as key aviation market: IATA report
With a rapidly growing middle class and rising incomes, together with the right encouragement including lower airfares, many, including airline companies, are expecting India to become the fastest-growing aviation market for years to come Why India is fast emerging as...
Executive bonuses in crosshairs under new EU ESG rules
C-suite managers at companies with more than 1,000 employees will be held personally responsible if trajectories for emissions cuts don’t align with the objective of limiting global warming to 1.5C, according to the current text of the Corporate Sustainability Due...
Jio Financial Services plans IPO in Oct
Jio Financial Services along with host of various financial services companies will also float one life insurance and one general insurance company Mumbai: Reliance Industries Ltd. is planning to list its digital financial services unit,Jio Financial Services, as soon...
Vulnerability of agriculture to monsoon shock has reduced: India Ratings
"A glance at the region-wise correlation for the entire period during FY97-FY21 or any truncated period in between suggests that south peninsular India is more vulnerable to a shortfall in monsoon rains than any other region in terms of both - the area sown and the...
Star Health Insurance earns profit of Rs 102 cr in Q4
“Retail health insurance will remain our primary focus for the years ahead'' Anand Roy, chief executive officer and managing director Chennai: Star Health and Allied Insurance on Friday reported Rs 102 crore net profit for the fourth quarter ended March 2023. The...
Bajaj Allianz General Insurance net profit soars 30% to Rs 322 crore in Q4 2022-23
The company had an underwriting losses of Rs 2 crore for Q4 FY23 as against a profit of Rs 9 crore in Q4 FY22 Pune: With a combined ratio(CR) of of 97.3 per cent, Bajaj Allianz General Insurance Company(BAGIC) has reported a 30 per cent year-on -year(Y-O-Y) jump in...
Sergio P. Ermotti to step down as Swiss Re chairman on 30 April, to handover charge to vice chairman Jacques de Vaucleroy
Sergio P. Ermotti, chairman, Swiss Re Jacques de Vaucleroy, Vice Chairman and Lead Independent Director, is leading the search for a successor and will chair the Board in the interim Zurich: Swiss Re announced today that Sergio P. Ermotti will step down as Chairman of...
Private health care booms in UK as state-run health service buckles
Private health care procedures paid out of pocket have risen more than 33% since before the pandemic, according to Private Healthcare Insurance Network data comparing the third quarter of last year with the same period in 2019 British patients are turning to private...