Finance Minister Nirmala Sitharaman In the letter, GFIA noted that...
Category:
Non-Life
Latest
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track...
UK police charge Russian captain involved in U.S. tanker ship crash
The 59-year-old Vladimir Motin was captain of the...
Blast at India’s Tata Steel coke plant injures three contract workers
The unit was not operational and was undergoing a dismantling process, Tata, India's largest steelmaker by revenue, said in a statement, adding that production has not been impacted MUMBAI: Tata Steel said three contract workers had been injured in a blast at one of...
Future Enterprises to exit insurance business, to raise Rs 3,000 cr via insurance biz sale to pare debt
Kishor Biyani-led group Future Enterprises would completely exit the insurance sector after selling its existing stakes in life and non-life joint ventures soon Mumbai: Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from...
US cyber insurance payouts increase amid rising claims, premium hikes
Cyber insurance direct written premiums in US grew by 74% in 2021 to over $4.8 bil., according to statutory financial data from the “Cybersecurity and Identity Theft Insurance Coverage Supplement.” Premiums for standalone coverage increased by 92% to over $3.1 billion...
State-run general insurers may get further capital infusion of Rs 3,000-5,000 cr
Fund support was given to the weak general insurance companies last financial year, some more fund requirement is there to bring them back on profitability path, sources said. During 2020-21, Rs 9,950 crore was infused in three PSU general insurers by the government...
Commercial vehicle industry to see double-digit growth this fiscal: Tata Motors’ Girish Wagh
''Then a lot of work is happening in the housing sector in urban areas. Consumption overall is going up and the rural growth story is intact. All these put together, I do see that the commercial vehicle industry should see a good growth this year,'' Tata Motors...
Dubai Aerospace Writes Off $538 Million, files insurance claims on planes tied to Russia
Aircraft lessors have been caught up in the international response to Russia’s invasion of Ukraine. The Kremlin has blocked the repossession of planes as required by sanctions, stranding roughly 400 jets that had been leased to Russian companies. The Middle East’s...
Govt aims to develop vehicle scrapping facilities within 150 kms from city centres
''Developing a large number of vehicle scrapping centres, we can also develop multiple authorized collection centres of vehicle scrapping units in one city, which will have the authority to deregister a vehicle and issue deposit certificates,'' he said New Delhi: Govt...
Indian states ready with plans to mitigate heatwave impact, official says
The National Disaster Management Authority (NDMA) has categorised 23 of India's 28 states and some 100 cities and districts as being at risk of suffering extreme heat. Nineteen states have already made their own heat-action plans and some others are working on them,...
Amazon, Citi, other companies take stance on abortion rights in US with travel benefit
The issue has gained urgency now that 31 states have introduced abortion bans this year, according to policy analysis by research group Guttmacher Institute By offering support for employees who may need to travel out of state for abortions, Yelp and other companies...
Faulty battery cells, modules likely caused e-scooter fire in India, initial probe finds
"As per the preliminary assessment of these experts, there was no fault of the Ola battery management system at all and it was likely an isolated thermal incident," a company spokesperson said in a statement India wants e-scooters and e-bikes to make up 80% of total...