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“We have invested almost Rs 8,000 crore in IPOs of GIC Re and New India Assurance (NIA) and hold now almost hold 8 per cent of stakes in each of these insurers. We didn’t invest in these companies to sell them in three months.These are some of the best public sector companies,even much better than the public sector banks, in the country,” said LIC Chairman.

The order pertained to compensation to the kin of 54 pilgrims from Kurukshetra who lost their lives in an accident in Nepal on June 18, 1995. The driver of the bus had lost control and the vehicle had fallen into Nepal’s Trishuli Nadi. 

“We have received a memorandum from the state government requesting to declare Cyclone Ockhi as a national calamity. But, there is no such scheme for the Centre to do the same,”

“Those who fail to maintain peace shall be held accountable and those who suffer must be compensated. At prevention level, police can do it through videography as stipulated in the guidelines issued by the apex court in earlier judgement,” the bench said

Arora will replace K. S. Gopalakrishnan who left the company on November 17, 2017 to take over as the country head of US based life reinsurer RGA’s India operations.

New Delhi: The government today constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the country. The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the Convener and other members,...

  Mumbai: HDFC ERGO, country’s third largest non-life insurance provider in the private sector, today announced the launch of the ‘Inherent Defects Policy’, a first-of-its-kind product in the non-life insurance sector. This product addresses one...