Cyril Amarchand Mangaldas (CAM) has been appointed as the legal...
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‘Market will have a negative view of GIC Re if clubbed with GIPSA’: GICOA
The reinsurer's CMD has communicated to the Department of Financial...
Bima Manthan: IRDAI to meet insurance CEOs on Sep 4-5
IRDA chairman Debasish Panda will address CEOs of general insurance...
84 pc of IMD’s subdivisions record deficient rainfall, 80 pc reservoirs have below normal storage
According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the water crisis acute.
Liberty Mutual Insurance decides not to insure Adani’s controversial $16.5bn Australian coal mine
10 of the world’s largest insurers and reinsurers, on serious environmental concerns,had earlier refused to provide support for the development of Gautam Adani owned Adani Group’s $16.5bn Carmichael coal mine and rail project in Clermont Town, Central Queensland.
Niti Aayog asks 2-, 3-wheeler makers to present EV conversion plan in 2 weeks
The Niti Aayog has planned transitioning to full EVs for three-wheelers by 2023 and two-wheelers with an engine capacity less than 150 cc by 2025
Auto industry united in seeking GST rate cut on vehicles: SIAM
“The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from government to supplement the efforts being made by the industry in reversing the industry fortunes towards positive performance,” he said in a statement.
Tesla’s Autopilot System Confuses Drivers About Extent of Automation: Safety Report
Chief Executive Officer Elon Musk has billed Tesla as a leader in autonomous driving, telling investors last month that the technology will be “transformative” and a catalyst for the company to eventually be worth a half-trillion dollars.
Insurers allowed to sell stand-alone OD auto covers from Sep 1
Consequently, effective from 1st September, 2019, the issuance of bundled policies for cars and two-wheelers will not be compulsory.Further, insurers will have the option to offer package policies, in addition to stand-alone OD and third party (TP) policies. Long term stand-alone OD policy will not be permitted for the present.
Govt may raise income-tax threshold in Budget to revive economy
Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to Rs 300,000 ($4,316) of their annual income, up from the current Rs 250,000, the people said, asking not to be identified as they aren’t authorised to speak publicly about the proposals. The tax measures haven’t been finalised yet.
10 foreign reinsurers record an Indian premium of Rs 9500 crore, up 50 %,in FY 2018-19
With GIC Re’s Rs 44, 237 crore, up 6 per cent, of premium in 2018-19, the Indian reinsurance market has grown by 11 per cent to Rs 53, 730 crore in 2018-19.
HDFC buys 51.20 % stake in Apollo Munich Health Insurance for Rs1,350 crore
Post-acquisition of the shares by HDFC, Apollo Munich shall be merged with its general insurance subsidiary, HDFC ERGO General Insurance Company, which will emege as the second largest private insurer in the accident & health segment with a market share of 8.2 per cent
India plans to exempt electric vehicles from registration fee
Towards this, the Central Motor Vehicles Rules will have to be amended and the government has issued a draft to receive comments from the stakeholders regarding the same.