"The Jalvahak scheme incentivises long-haul cargo transport and...
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PMJJBY life insurance: 21cr enrolment, 860,575 claims worth Rs 17,211.50 settled
The Pradhan Mantri Suraksha Bima Yojana(PMSBY) has seen a...
Hinduja Group likely to complete RCap acquisition by Jan-End
"Most of the approvals and procedures related to the resolution...
AM Best Maintains Stable Outlook on Global Reinsurance Industry
“Unfavorable loss cost trends and high catastrophe activity continue to dampen returns on capital, which should keep the industry focused on the need to push for more rate increases,” said Greg Dickerson, associate director AM Best has maintained its market segment...
New Zealand plans lifetime ban on cigarette sales to stamp out smoking
That would make New Zealand's retail tobacco industry one of the most restricted in the world, just behind Bhutan where cigarette sales are banned outright. New Zealand's neighbour Australia was the first country in the world to mandate plain packaging of cigarettes...
Cos revamping employee benefit strategy in view of pandemic, says Willis survey
''The employee benefit strategy in India has traditionally focused on market competitive and benchmarked benefits which subsequently moved towards differentiation. However, the pandemic has driven employers in India towards an introspective benefit strategy built...
Generali eyes bigger stake in India businesses as Future seeks exit: Report
Future and another Indian entity together own a 51% stake in the life-insurance joint venture with Generali, while Future holds all of the remaining 51% stake in the non-life insurance venture Future is hoping to raise 30 billion rupees ($400 million) by selling its...
Non-life insurance cos gross direct premium rises 5.5 pc to Rs 15,743 cr in Nov
On a cumulative basis, the gross direct premium written by all the insurers during April-November period of FY22 increased 11.72 per cent to Rs 1,42,128.88 crore, as per Irdai data. Hyderabad:The gross direct premium written by non-life insurance companies rose by 5.5...
Argenta to withdraw from Lloyd’s China Platform
Andrew Annandale, Managing Director of ASML and Chief Executive Officer of ASML’s parent, Argenta Holdings Limited, commented:“The decision to withdraw our support from the Lloyd’s China platform has not been taken lightly and will enable us to simplify operations and...
Omicron reported in 57 countries, hospitalisations set to rise, says WHO
The WHO, in its weekly epidemiological report, said more data was needed to assess the severity of disease caused by the Omicron variant and whether its mutations might reduce protection from vaccine-derived immunity "Even if the severity is equal or potentially even...
UP, Delhi, Karnataka leading states in EV sales: Govt
Uttar Pradesh (255,700) has the highest registered electric vehicles, followed by Delhi (125,347) and Karnataka (72,544) come in that order. The fourth and fifth spots are grabbed by Bihar (58,014) and Maharashtra ( 52,506). New Delhi: Uttar Pradesh, Delhi and...
Property Cat Reinsurance Rates to Rise Double-Digit at 2022 Renewals:Fitch
``We expect 2022 to be the fifth successive year of price rises, although we expect growth to be slower than in 2021 as non-loss-affected lines of business are likely to show a broadly stable price development,''said the rating agency.. Attractive rates and healthy...
SpiceJet says Madras High Court has stayed its earlier order of winding up the airline
In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of "winding up SpiceJet and appointment of official liquidator" in a case filed by Credit Suisse claiming non-payment of $24.01 million dues to engine maintenance services...