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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...
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...
GIC Re back in black, posts a net profit of Rs 690 crore in Q1FY2023
Devesh Srivastava, CMD, GIC Re ``We are targeting a Combined Ratio of 100 per cent and work is on progress to achieve it in the medium term. We are now purely looking for profitable business and the market is aware of our focus. Topline growth will happen but it has...
9 million people die each year from neurological disorders: WHO
Neurological disorders, which include stroke, migraines, dementia and meningitis. WHO reported that 43 per cent of children under five in low- and middle-income countries - nearly 250 million boys and girls - are believed to miss their developmental potential due to...
Heat, drought and wildfires during one of the warmest Julys on record– WMO
“This is despite the La Niña event that’s meant to have a cooling influence,” explained WMO spokesperson Clare Nullis “We saw this in some places, but not globally,” she added, noting that it was “one of the three warmest [Julys] on record, slightly cooler than July...
Threats of drought, flooding and blistering heat keeping supplies of global crop tight and prices elevated
Rice, another important Indian crop, was planted on a smaller area so far this season due to a lack of rainfall in some main growing areas, including West Bengal and Uttar Pradesh, which account for a quarter of the country’s output. This will potentially reduce...
HDFC Ergo Gen launches ‘Pay As You Drive” cover
Anyone driving less than 10,000 km in a year can benefit up to 25% of their own damage premium, subject to the odometer reading, saod HDFC Ergo General Insurance. ``During the policy period, we want our customers to enjoy their drive rather than tracking their usage...