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ICICI Lombard gets Rs 1,728.86-crore GST relief from Bombay High Court
The Bombay High Court has directed the adjudicating authority to...
Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation
Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a...
China not to include Pfizer Inc’s Covid drug in its insurance scheme
Boxes of Paxlovid are changing hands for as much as 50,000 yuan ($7,313.15), more than 20 times the original price of 2,300 yuan, according to local media reports and social media posts. Beijing has been largely resistant to Western vaccines, but has greenlighted...
General insurers’ premium grows by 14.44% to Rs 20,687 crore in Dec , PSU gen insurers market share falls over 2% to 33.16%
The private sector general insurers have mobilised a total premium of Rs 96,246 crore, up 22 per cent in Apr-Dec period while PSU general insurers have gathered a total premium of Rs 62,092 crore,up 8.64 per cent, during the same period. Mumbai:The total premium of...
Nurturing Talents: Compensation for Indian Workforce
Though western countries are embracing and adopting the concept of Total Rewards for retaining employees, a more nuanced approach is warranted when designing a compensation structure for the Indian workforce Shwetha Ram While the COVID-19 pandemic upended the...
Airlines in India to add 100 aircraft per year to fly 412 mn passengers
Civil Aviation Ministry officials said that there were about 400 aircraft in 2013 and in 2021-22, the number increased to 700. Airlines in India are going to add 15 per cent capacity or 100 to 110 aircraft per year and the aviation sector is looking at close to 1,200...
Health minister Mandaviya urges Odisha govt to implement Ayushman Bharat insurance scheme in state
Union Health Minister Mansukh Mandaviya The minister said "50 crore families have been given health security under the Ayushman Bharat - PMJAY scheme while affordable and quality medicines are being provided by more than 9,000 Jan Aushadhi Kendras across the country"...
Hackers use AI tool to write malicious code
"Cybercriminals are finding ChatGPT attractive. In recent weeks, we're seeing evidence of hackers starting to use it to write malicious code. ChatGPT has the potential to speed up the process for hackers by giving them a good starting point," said Sergey Shykevich,...
PMO to hold high-level meeting on Joshimath crisis
The Uttarakhand government has requested the National Remote Sensing Centre (NRSC), Hyderabad and the Indian Institute of Remote Sensing (IIRS), Dehradun to conduct a study of Joshimath area through satellite images and submit a detailed report with photographs New...
InsuranceDekho receives Rs 300 crore of funding from Goldman Sachs Grp, valued at Rs 1100 crore
The sole source of income for Insurance Dekho is insurance brokerage and commission, which increased by 61% to Rs 47.91 crore in FY22 from Rs 29.71 crore in FY22. In the most recent fiscal year, the company’s losses increased by 55.6% to Rs 72.29 crore. At the group...
Dhami orders immediate evacuation of 600 families in Joshimath
All construction activities related to mega projects like the chardham all weather road and the NTPC’s hydel project have been stopped till further orders on the demand of residents. The Auli ropeway, which is Asia’s biggest, has been stopped after a huge crack...
Black Sea shipping rates rise as reinsurers cut cover
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said The Black Sea is crucial for the shipment of grain, oil and oil products....