India had 340 aircraft in 2014 and that number has increased to 840...
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Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed...
Insurance industry not expecting any large claims out of earthquake damages in Myanmar and Thailand
This is a significant human tragedy. Unfortunately, there will be a...
Luxury carmakers see record sales in 2022 on festive push
''We are hoping that the demand for luxury cars will exceed the pre-pandemic level of 2019, which was the highest ever while the demand for Lexus in India has crossed our highest ever demand this July since the launch of operations in 2017,'' Lexus India President...
Glenmark, Sun Pharma, Dr Reddy’s and Jubilant Cadista recall multiple products in the US market
The affected lot has been produced at the company's Halol plant in Gujarat and distributed in the US by Cranbury-based Sun Pharmaceutical Industries, Inc New Delhi: Leading generic drug makers Glenmark, Sun Pharma, Dr Reddy's and Jubilant Cadista are recalling...
PM may announce ‘Heal in India’, ‘Heal by India’ projects on I-Day: Report
Inclusion of the Quadrivalent Human Papillomavirus vaccine (qHPV) against cervical cancer in the National Immunisation Programme and the expansion of the National Health Mission under a new name 'PM Samagra Swasthya Mission' may also figure in Modi's speech from the...
Lok Adalat settles Rs 25.98 crore of MACT cases
The settlements with regards to the Negotiable Instruments (NI) Act cases amounted to Rs 88.39 crore, which was the maximum of settlements, followed by other civil matters at Rs 36.48 crore and Motor Accident Claims Tribunal (MACT) cases at Rs 25.98 crore, the...
LIC keen on entering mediclaim segment, awaiting regulatory clarity: Chairman
M R Kumar,Chairman, LIC Recently, the new Irdai Chairman Debasish Panda had said it was time life insurers re-entered the health vertical as he had given a mandate to the industry to ensure that every citizen has a health insurance policy by 2030. However, Panda later...
Passenger vehicle sales rise by 11 pc in July as chip supply improves
Commenting on the July 2022 sales data, Rajesh Menon, Director General, SIAM said "In July 2022, sales in the Passenger vehicle segment stood at 2.9 lakh units, in two-wheeler segment 13.8 lakh units and in three-wheeler segment 31 thousand units." New Delhi:...
Abu Dhabi Investment Authority to pick up 9.99% in Aditya Birla Health Insurance for Rs 665 crore
Aditya Birla Health Insurance is a 51:49 joint venture between Aditya Birla Capital Limited and Momentum Metropolitan Strategic Investments (Pty) Ltd, a wholly owned subsidiary of South African based Momentum Metropolitan Holdings Limited (together “MMH”). After the...
Married daughters also entitled for compensation paid by insurers: HC
The HC single judge bench of Justice H P Sandesh heard an appeal filed by an insurance company challenging the award of compensation to married daughters of one Renuka (aged 57) who was killed in an accident on April 12, 2012 near Yamanur, Hubballi, in north Karnataka...
Wage Revision: PSU general insurance industry unions stick to their demand of pay parity with LIC
``Pay scales offered to us as on 01st August 2017 with loading factor of 10 per cent put us in most disadvantage when compared to those granted to LICI and ECGC,’’ said unions in their letter to Suchita Gupta, chairperson of GIPSA, the official coordinating agency...
New India’s net profit rises 32 % to Rs 118 crore in Q1FY23
``After a challenging FY22, Q1FY23 saw a turnaround with the company's results improving considerably compared to the previous quarter. The gross written premium growth at 6.5 per cent was low as the company took several proactive steps to strengthen the pricing and...