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Passenger vehicle sales in India up 18% in February, shows SIAM data

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Passenger vehicle sales in India increased 17.92 per cent to 2,81,380 units in February as compared with same month last year, auto industry body SIAM said on Wednesday. Passenger vehicle wholesales in February last year stood at 2,38,622 units. As...

India reports 22,854 new coronavirus cases, 126 deaths in last 24 hrs

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India reported 22,854 new COVID-19 cases, 18,100 recoveries, and 126 deaths in the last 24 hours, the Union Health Ministry informed on Thursday. The cumulative cases in the country reached 1,12,85,561 including 1,89,226 active cases and 1,09,38,146...

Irdai slaps Rs 1 cr penalty on Chola MS General for undue payments to MSIPs

by AIP Online Bureau | Mar 11, 2021 | Indian News, Non-Life, Regulation

Hyderabad: Insurance sector regulator Irdai has imposed a fine of Rs 1 crore on Chola MS General Insurance Company Ltd for violating the guidelines on motor insurance service providers (MISPs). The Insurance Regulatory and Development Authority of India (Irdai) had...

Cabinet clears amendments to Insurance Act for raising FDI to 74%

by AIP Online Bureau | Mar 10, 2021 | Eco/Invest/Demography, Indian News

New Delhi: The Union Cabinet on Wednesday has given its nod for amendments in the Insurance Act, paving way for 74 per cent foreign direct investment in the sector. Currently, the permissible FDI limit in the life and general insurance stands at 49 per cent with...

Pfizer wants to make vaccine in India if faster clearance, export freedom assured -sources

by AIP Online Bureau | Mar 10, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy, Regulation

  Pfizer Inc has told the Indian government it wants to produce its coronavirus vaccine locally if assured of faster regulatory clearance and freedom on pricing and exports, two sources with direct knowledge of the matter told Reuters. The U.S. company pulled an...
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