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Insurance and vessels not available for Iran-bound cargo amid Middle East conflict, India’s basmati rice shipments to Iran stuck at ports
The shipments are primarily held up at Kandla and Mundra ports in...
Zurich Kotak General to plant over 5,000 trees in depleting Mumbai port land
Zurich Kotak General Insurance celebrated its first Foundation Day...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...
GIC Re’s net profit zooms to Rs 1,200 crore in Q3
As a result of tight underwriting practices in recent years, the third largest Asian reinsure has managed a better combined ratio and lower underwriting losses in Fy 2022-23 Mumbai: Returning to profitability, state owned reinsurer GIC Re’s net profit has...
Turkey, Syria deadly earthquake could cost $4 billion in economic losses,Insured losses expected much lower $1 billion: Fitch
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area, Fitch added Paris: The earthquake that has devastated Turkey and Syria could cause economic losses exceeding $4 billion, ratings agency Fitch said on Thursday....
Turkey acknowledges earthquake relief problems as death toll passes 12,000
The death toll from both countries was expected to rise as hundreds of collapsed buildings in many cities have become tombs for people who had been asleep when the quake hit. KAHRAMANMARAS/ANTAKYA, Turkey: President Tayyip Erdogan on Wednesday admitted there were...
U.S. firms in Taiwan making ‘contingency’ plans amid China tensions
In a survey released on Tuesday, which took place between Nov. 15 and Dec. 16, AmCham Taiwan said 33% of respondents said their operations had been “significantly disrupted” by the increase in tensions, compared with 17% when it did a flash survey in August right...
Nepal plane crash probe reportedly shows both engines lost power
The disaster added to the Himalayan country’s reputation as the world’s most dangerous place to fly. According to Aviation Safety Network data, the fatal crash was the 11th in Nepal in as many years A Yeti Airlines plane that crashed in Nepal last month had no engine...
Hundreds of containers ablaze at Turkey’s Iskenderun port, operations shut down
Turkey’s maritime authority said on Monday that the port, located on the Mediterranean coast in the southern province of Hatay, was damaged due to the earthquake that struck Turkey and neighboring Syria Leading global container shipping group AP Moller Maersk said...
FSIB selects 3 GMDs for PSU general insurance cos
The general managers who have been chosen as directors are G Sundaraman from United India Insurance {UII} for the same company, Smita Srivastava, Oriental Insurance Company for New India Assurance and Titus Francis Maliakkel,, NIA for the same company New Delhi: The ...
Digit postpones its IPO, to refile DRHP with Sebi in due course
In a statement, Digit insurance said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi's ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee stock option plans to subsist at the time of...
Edelweiss General Insurance rebrands itself as Zuno General Insurance
Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “Telematics is a silver lining for motor insurance industry in India. It allows us to offer personalized solutions and experience to our customers. Given the exponential growth of smartphone users in the...