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Capital infusion has helped 3 PSU general insurance cos to improve their business performance, says Sitharaman

Capital infusion has helped 3 PSU general insurance cos to improve their business performance, says Sitharaman

by AIP Online Bureau | Dec 18, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life

“The capital infusion was meant to build their business and strengthen them. So as a result of these, the performance of all these companies has started improving and their losses have come down. In fact, two of the three companies in which capital was infused...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers

Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers

by AIP Online Bureau | Dec 14, 2025 | Eco/Invest/Demography, Indian News, Non-Life

Any possibility of three companies- NIC, OIC and UII – getting merged with New India Assurance(NIA), the country’s largest general insurance company, is ruled out as latter has opposed it tooth and nail New Delhi: Beginning its home work on the issue of...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

by AIP Online Bureau | Dec 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers

GIPSA urges govt to notify new wage revision of PSU employees quickly

by AIP Online Bureau | Nov 16, 2025 | Indian News, Non-Life, Policy

GIPSA in its communication to the fincial services department yesterday said,“ Unions have given their unanimous in principle agreement to the wage revision offer made to them by GIPSA management and have conveyed that they are eagerly awaiting the Gazette...
Govt aggregating PSUs’ demand to ensure long-term charters for Indian carriers

Govt aggregating PSUs’ demand to ensure long-term charters for Indian carriers

by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, Indian News, Policy

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri “Oil marketing companies use vessels for crude imports. To reduce recurring cost through ownership of vessels (ships), we are aggregating PSU cargo demand to ensure long-term charters for Indian...
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