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Festive demand steers passenger vehicle wholesales to record high in Sept
"This is the highest ever September of course, in any year in the...
Pension-related concerns, healthcare among top queries of senior citizens on govt helpline
About 65 per cent of senior citizens are facing financial problems...
New India Assurance net profit at Rs 530 crore,up 61 % in Q2 2019-20
Atul Sahai, chairman cum managing director,NIA, said, “It is heartening that the company has recorded encouraging results despite a challenging operating environment. These results are despite the company incurring significant losses to its net, to the tune of Rs 335 crores during the quarter due to floods in different parts of the country. There is slow down in motor segment. Provisions towards bad debts and dimunition in value of certain equity investments further impacted profitability by Rs 40 crores in the quarter.’’
Australia braces for another week of Devastating Bushfires
While bushfires have been an important part of Australia’s ecology, some scientists have expressed concern that the season is getting longer. The drought gripping parts of Australia has created hazardous conditions in many regional communities, where some residents have complained that insufficient back-burning has taken place during the winter months, leaving a fuel load of fallen trees and undergrowth.
Ransomware attack hits Mexico’s state oil firm Pemex
An internal email seen by Reuters said Pemex was targeted by “Ryuk,” a strain of ransomware that experts say typically targets companies with annual revenue between $500 million and $1 billion.
Boeing says 737 MAX may start flying in January
“In parallel, we are working towards final validation of the updated training requirements, which must occur before the MAX returns to commercial service, and which we now expect to begin in January,” Boeing said.
Festive buys, new models help PV sales snap 11-month slide in October
“Sales in the festive season have been better than last year which is a good sign. We wish it continues in November and December as well and help us slowly come out of this slowdown,” SIAM President Rajan Wadhera told reporters here.
Lloyd’s to create single governing body, merging Council and Franchise Board
The news follows five months of consultation across the Lloyd’s market, with more than 90% supporting the proposal to merge the board into the council and create a single governing body for the Corporation of Lloyd’s and the Lloyd’s marketplace, said Lloyd’s in a statement.
Govt not planning to help banks rescue DHFL: Report
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors, and its a potential collapse could impact India’s already ailing banking sector and further weaken economic growth.
India would need around 2,400 new aircraft in next 20 years, Boeing
“The vast majority of these aircraft, as we no doubt expect, would be single-aisle fleets, 737-sized aircraft. It will make up for 85-90 per cent of the deliveries in the market place,” Darren Hulst, Deputy Vice President of Commercial Marketing, Boeing.explained, while unveiling the company’s annual India Commercial Market Outlook at New Delhi on Nov 6
IRDAI shuts down Anil Ambani’s health insurance co,merge it with Reliance General
The IRDAI was compelled to take such a drastic action as the debt laden Reliance Capital, the parent company of RHICL has consistently failed to provide adequate capital to its one year old health insurance subsidiary, that had experienced steady erosion of the required solvency margin of 150 per cent over one year and had plunge to 63 per cent as on Sept 2019.RHICL, which commenced operations in October, 2018 has not been able to maintain the required solvency margin since June,2019,said the IRDAI
Aon & partners deliver pay-outs with first Blockchain-Based Agricultural Insurance Policies for smallholder farmers in Sri Lanka
After the coordinated launch earlier this year with 200 farmers enrolled who are at risk of losing their crops due to extreme weather, the system made pay-outs to farmers in this initial operations phase. The companies will now move forward by seeking solutions to some of the challenges identified in the next phase of the project as cropping season starts in November. The main goals of this follow-on phase are to refine the system’s efficiency and scale the number of farmers who will benefit from the microinsurance