While owners are compensated when their cars are taken, vehicle...
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AIC launches a new cover for aquaculture industry
(L to R) Lavanya R Mundayur, CMD, Agriculture Insurance Company, M...
Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade
According to think tank GTRI, any closure or military disruption in...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Budget- 2023-24: Infrastructure development capex hiked by 33 pc to Rs 10 lakh crore for 2023-24
Union Finance Minister Nirmala Sitharaman An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal New Delhi:Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure...
47.8 cr Jan Dhan accounts opened: FM
Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national mission for financial inclusion to ensure access to financial services -- savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. New Delhi: As many as 47.8 crore Jan Dhan...
Sebi asks Digit insurance again to refile papers for its $440 million IPO
It is the second such setback for Digit’s listing ambitions. In a Jan. 30 letter issued by the Securities and Exchange Board of India (SEBI) seen by Reuters, the regulator said it was returning Digit’s IPO papers because the company did not comply with regulations by...
CR Vijayan takes over as acting secretary general of GI Council
C R Vijayan,acting secretary general, General Insurance Council, Though Inderjeet Singh, director and general manager, GIC Re has already been appointed as the secretary general of the GI Council in January first week, is yet to join as his application for...
Insurers now can pay profit related commission to their non-executive directors: IRDAI
Amount of payment of remuneration in the form of profit related commission to each of the non-executive director should not exceed the limits specified in the norms on remuneration of non-executive directors and managing director /chief executive officer / whole-time...
Insurers hit with thousands of claims as rains soak New Zealand
Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari
Nitin Gadkari,Union Minister for Road Transport & Highways 'We have now approved the scrapping of more than nine lakh government vehicles, which are more than 15 years old, and polluting buses and cars will go off the road and new vehicles with alternative fuels...
Bajaj Finserv net income jumps 42 pc to Rs 1,782 crore
The general insurance arm's net profit declined 9 per cent to 278 crore from Rs 304 crore and that of life insurance arm's too declined 8 per cent to Rs 81 crore from Rs 88 crore. Mumbai:Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on...
Road transport, highways sector has max number of delayed projects: Govt
In the road transport and highways sector, 428 out of 724 projects are delayed. In railways, out of 173 projects, 117 are delayed, while in the petroleum sector, 88 out of 158 projects are running behind schedule, as per the latest flash report on infrastructure...