The cost of the impact could total around 20 million pounds ($26...
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Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Bajaj Finserv will spend Rs 13,780 crore to acquire the general...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in...
Monkeypox formidable challenge to world: WHO
While the Covid pandemic is “most certainly not over. We face a formidable convergence of disease, drought, famine and war, fuelled by climate change, inequity and geopolitical rivalry”, Ghebreyesus said Geneva: Even as the world is not over the pandemic yet, it is...
GIC Re overhauls its business portfolios for profitability , appoints KPMG to modernise HR
Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...
Covid-19: INSACOG confirms presence of BA.4, BA.5 Omicron variants in India
"A-19-year-old female in Tamil Nadu has been found infected with the BA.4 variant of SARS-CoV-2," said INSACOG in a statement, adding that the patient has shown only mild clinical symptoms and has been fully vaccinated and has no travel history New Delhi: The Indian...
Insurance companies should not be too technical while settling claims, says SC
The observation of the top court came while allowing an appeal against the August 2021 order of the National Consumer Disputes Redressal Commission (NCDRC) in a matter relating to the settlement of a claim under the insurance policy for a truck that was stolen in 2013...
Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgement
Giving its ruling in the Mohit Minerals case, the Supreme Court held that since the Indian importer is liable to pay IGST on the 'composite supply', comprising of supply of goods and supply of services of transportation, insurance, etc in a CIF (Cost Insurance...
Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years
Vijay Shekhar Sharma, managing director, One97 Communications Initially, One97 Communications (OCL) will hold a 49 per cent stake in PGIL while the rest 51 per cent stake is to be owned by OCL's managing director Vijay Shekhar Sharma-led VSS Holding Private Limited...
Assam flood situation remains grim; over 7 lakh affected
A team of specialists from ISRO is already doing rapid damage assessment in Dima Hasao using drones and satellite data for post-disaster need assessment Guwahati: The flood situation in Assam continued to remain grim on Friday as waters entered fresh areas affecting a...
WHO calls emergency meeting as monkeypox cases cross 100 in Europe
In what Germany described as the largest outbreak in Europe ever, cases have been reported in at least eight European countries – Belgium, France, Germany, Italy, Portugal, Spain, Sweden and the United Kingdom - as well as the United States, Canada and Australia The...
Govt orders probe after 3 incidents of in-flight engine shutdowns
India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past, once ordering IndiGo, the nation’s biggest airline, to ground some of its A320neo planes after engines manufactured by Pratt & Whitney experienced repeated...
Air India flight’s engine shuts down mid-air, makes emergency landing at Mumbai airport
The pilots of the A320neo plane received a warning about high exhaust gas temperatures on one of the engines just minutes after the aircraft's departure from the Chhatrapati Shivaji International Airport at 9.43 AM Air India flight's engine shuts down mid-air, makes...