Foreign institutional investors (FIIs) remained net sellers,...
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‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly...
Walter Voigts-von Forster to lead Munich Re Africa Branch
Walter Voigts-von Forster, CEO-designate, Munich Re Africa Branch...
IRDAI approves new expense of management for insurers, allows higher intermediary commissions within EOM
New measures to be effective from Apr 1 The IRDAI also approved licenses of two new life players-Acko Life Insurance and Credit Access Life Insurance Hyderabad: With a bit of delay, insurance regulator IRDAI had its last board meeting of the current fiscal, FY2022-23,...
RCAP resolution plan: Roadblock as bidders upset over another auction plan
According to the sources, Torrent has recently conveyed to the lenders that it is not willing to participate in the second round of auction The other bidder -- IndusInd International Holdings Ltd (IIHL) of Hinduja Group -- has also told the lenders that it wants to...
Rise in Covid cases: Govt planning nationwide drill to take stock of hospital preparedness on April 10, 11
The states and UTs have been asked too keep a close watch on the evolving etiologies (causes of diseases) of Influenza Like Illness (ILI) and Severe Acute Respiratory Illness (SARI) cases, adding India usually sees a seasonal rise in Influenza cases from January to...
Man’s insurance claim for car theft rejected for using pvt vehicle for commercial purposes
The Navi Mumbai businessman had also hired out his vehicle, which was against the norms laid down while it was being insured, the firm told the commission Thane: A man's claim for compensation following the theft of his car was rejected by the Thane Additional...
Climate change threatening tea sector globally: ITA
An ITA spokesman said climate change is also threatening the long-term viability of tea industry, which is also causing increasing pest infestations making pesticide residue management surfacing as a major challenge. Kolkata: Leading planters body Indian Tea...
For every Rs 100 of premium paid for crop insurance under PMFBY; farmers received Rs 514 as claims: Govt
Narendra Singh Tomar,Union Agriculture minister ''Since 2016, nearly Rs 25,252 crore were paid by farmers as their share of premium against which claims of over Rs 1,30,015 crore (provisional) have been paid to them. Thus, for every Rs 100 of premium paid by farmers,...
Lloyd’s swings to a pre-tax loss in 2022,underwriting profit jumps 53% to 2.6 billion pounds
John Neal, CEO of Lloyd’s, forecast 2023 premiums of 56 billion pounds, up from 46.7 billion in 2022, according to a statement Rising interest rates have hit investments at many financial firms, and it posted a net investment loss of 3.1 billion pounds, compared with...
Maha police book 10 from ICICI General for duping farmers of nearly Rs 4 crore under Centre’s scheme
The FIR says that the company staffers prepared false panchnama reports (survey forms), forged signatures of agriculture department officials to under-report the crop losses incurred due to unseasonal rains and other natural reasons, and prima facie cheated farmers to...
PM Modi holds high-level review meeting on Covid, influenza situation, stresses on Covid-appropriate behaviour
Prime Minister Narendra Modi Modi directed officials to enhance whole genome sequencing of positive samples with the designated INSACOG genome sequencing laboratories. This will support tracking of newer variants, if any, and timely response, the PMO said. New Delhi:...
Aon and Lifeguard to boost emerging risk insights through science crowdsourcing platform
The collaboration with Aon will augment existing insurance industry emerging risks research and provide insights into areas where insurers lack the resources to gain a thorough understanding of their exposures CHICAGO: Aon plc, a leading re/insurance broker , today...