The scheme has two segments -- augmenting city bus services in 169...
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With COVID-19 ‘here to stay’, new tools essential to continue fight: Tedros
“COVID-19 is here to stay, and the world will continue to need...
Hong Kong to be hit super typhoon Saola, biggest typhoon in 3 yrs
“This can be a very destructive typhoon,” the chief secretary said...
Auto majors report decline in May sales
The country’s largest carmaker Maruti Suzuki India Saturday reported a 22 per cent decline in sales at 1,34,641 units in May.The company had sold 1,72,512 units in May 2018, Maruti Suzuki India (MSI) said in a statement.Domestic sales declined by 23.1 per cent to 1,25,552 units as against 1,63,200 units in the year ago month, it added.
OIC pays Rs 1.5 cr of claims for 15 Maha jawans killed in Maoist attack
“Each of jawan’s family was paid Rs 10 lakh as they were cover under a group policy bought by the Maha governmet.’’ said KR Ajit, general manager, OIC.
Legal & General to sell general insurance unit to Allianz
By taking full owndership of Legal & General Insurance , Allianz would become the second largest general insurer in the UK
AM Best maintains a negative market segment outlook on India’s non-life insurance market
The Indian market’s combined ratios has fluctuated between 110 and 125 over the past five years, and most insurers have become dependent on investment income to generate profitability. The sustainability of such earnings may put the long-term viability of many insurers into question.
Ambani weighs selling Reliance General Insurance to reduce debt
Reliance Capital Ltd., controlled by Ambani, is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance to Hero FinCorp. Ltd. the people said, asking not to be named as the information is not public. Negotiations are ongoing and may not result in a deal, the people said.
Airlines could seek $580 million from Boeing for Max 8 groundings
The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing “serious damage” to the companies’ businesses. It estimated their losses at 4 billion yuan ($580 million) should the planes remain grounded through the end of next month.
Five in the race to become Secretary of GI Council
The insurance professionals who are contenders for the post are:MN Sharma, former CMD, United India Insurance, John Pulinthanam. general manager & director,National Insurance Company, Balwant Singh, former general managers, OIC ,CR Vijayan, former GM & director, GIC Re , Deepak Sood, former CEO. Future Generali India Life Insurance Co
Decisive NDA mandate raises expectation of a higher pace of economic reforms
According to the analysts,the first priority of the government is rural development to ease farm stress through the development of rural infrastructure (roads, housing etc) and boost farm income and infrastructure spend, address agricultural distress, and encouraging employment.
As many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
The hurricane season will be closely watched because of its potential to take a heavy human toll as well as rattle oil and gas markets across the globe. Over the past two years, storms including Michael, Irma and Harvey led to scores of deaths and over $250 billion in damages. They have also sent U.S. gasoline prices surging, shifted global crude and fuel flows, disrupted production in the energy-rich Gulf Coast and threatened crops.
Uber and Lyft to turn the wheels on car ownership: industry experts
“Your phone will be your car,” said Andre Haddad, CEO of Turo, a peer-to-peer car-sharing company that enables users to rent their cars out to others. Haddad said that while car sales have never been higher globally, people are realizing that owning a vehicle is increasingly becoming unaffordable due to car payments, insurance, and parking.
“Many more are realizing they can share their car when they’re not using it or rent it out to recover the big costs of ownership,” he added.