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SBI Caps CEO RK Sinha appointed as Member, Finance & Investment, IRDAI
RK Sinha, MD& CEO, SBI Capital Markets Sinha is an officer from...
FSIB kickstarts exercises to appoint 9 EDs in PSU general insurance companies
FSIB has shortlisted a few of GMs who were promoted in FY2022-23...
GIC Re incurs losses of Rs 557 cr in Q1 FY2020-21, sees higher underwriting losses and lower investment income
Global scenario for insurance industry for the FY 2020-21 has shown weak trends due to COVID-19 situation. GIC Re although has maintained its prominent position in Indian insurance sector, there has been reduction in business for the Q1 2020-21 partially due to strategic reduction of risk acceptance and partially due to reduction of overall direct premium in India, said the corporation..
GIC Re however expects to see rebound in business during the rest of the year. GIC Re’s gross premium for foreign business has shown a growth for the 1st Quarter 2020-21, added the corporation…
India records highest Coronavirus deaths in more than a month
According to the Indian Council of Medical Research, the number of tests conducted for detection of COVID-19 in India has reached 5,06,50,128 with 10,98,621 samples being tested on Monday.
India scaling up production of active pharmaceutical ingredients: Kant
Professor K Vijay Raghavan, Principal Scientific Advisor to the Government of India, said personalised medicines are the future in healthcare. Personalised medicine was till recently seen as a “fancy way of having individual-oriented medication” but today in India — due to the dramatic scaling up of telemedicine and a variety of tele-consulting ways — one is going to see personalised medicine at the grassroot-level in a population of more than a billion.
Delhi Metro resumes services with strict safety measures after 169-day COVID hiatus
Wearing of masks inside train coaches and station premises is mandatory, and those found violating the guidelines would be fined by authorities.
“Pandemics,climate change,cyber top the current risk chart”:Munich Re
The coronavirus pandemic needs to be a lesson to us all: We must take action more rapidly and vigorously to ensure that we are not as unprepared as we were with COVID-19 for risks such as cyber attacks or climate change. It is possible to better safeguard against the financial consequences of such risks for the benefit of humanity. It needs to be clear that systemic risks like pandemics also require systemic countermeasures – for instance, the creation of state-backed risk pools to make uninsurable risks bearable,said Torsten Jeworrek,Member of the Board of Munich Re.
McDonald’s takes action against Australia’s Burger King over ‘Big Jack’
McDonald’s is also seeking damages, interest and costs, as well as an order that Hungry Jack’s destroy all “promotional materials,” which include physical and electronic advertising, the paper reported.
Govt mulls installing EV charging kiosks at around 69,000 petrol pumps
According to the industry estimates, there are around 69,000 petrol pumps in the country. The EV charging facility at all petrol pumps could boost e-mobility in a big way as lack of such infrastructure discourages people from buying EVs.
India’s record 86,432 infections reported in a day,takes 13 days to cross 40 lakh COVID-19 cases from 30 lakh
The total coronavirus cases mounted to 40,23,179, while the death toll climbed to 69,561 with 1,089 people succumbing to the disease in a span of 24 hours, data updated at 8 am showed.
Centre close to finalising automobile scrappage policy: Nitin Gadkari
The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles.
Significantly, the move is considered to be the most vital element of any further package to prop-up the sector’s growth.
India’s coronavirus tally goes past 3.9 mn; recoveries crosses 3 mn-mark
The COVID-19case fatality rate has further declined to 1.74 per cent in the country.
There are 8,31,124 active coronavirus cases in the country, which account for 21.11 per cent of the total caseload, the data stated.