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COVID-19: Active cases cross 4,000 mark, 5 fresh deaths reported in last 24 hours
Director General of Indian Council of Medical Research (ICMR) Dr Rajiv Behl on Monday stated that genome sequencing of samples in West and South have shown that the variants leading to the current rise in cases are not severe and are sub variants of Omicron only. New...
RBI considers easing bank ownership rules as foreign interest grows
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%. MUMBAI: The Indian banking regulator is signalling possible rule...
IATA has no concerns with India’s aviation safety and infrastructure readiness
Nick Careen, Senior Vice President,IATA "Specific to the Indian market, we don't have any real concerns…We have not seen any major problems or any major concerns'' New Delhi: Nick Careen, IATA's Senior Vice President, Operations, Safety and Security, on Tuesday...
Northeast flood situation critical toll rises to 36 over 5.5 lakh affected
In Assam, more than 5.35 lakh people were affected by the deluge in 22 districts as the death toll increased by one to reach 11, while 15 rivers were flowing in a spate.In the current wave of floods and landslides across the northeastern region, Assam reported the...
Liberty General to pay motor damage claims due to Operation Sindoor
In the aftermath of the recent cross-border shelling during Operation Sindoor, Liberty General Insurance has become one of the first insurers to offer on-ground support and approve ex-gratia settlements for vehicle damage—even though such events fall under standard...
Highways baking at 70 degrees C hint at scorching summer across China, US
Across the Northern Hemisphere, the extreme heat is a reflection of how much warmer the Earth is compared with a few decades ago, Daniel Swain, a climatologist at the University of California, Los Angeles said. Since 1959, Europe in particular, but parts of the...
True North, Krishnan Ramachandran sell 10 pc stake in Niva Bupa Health for Rs 1,507 cr
DSP Mutual Fund acquired more than 4.96 crore shares in four tranches or 2.72 per cent stake in Niva Bupa Health Insurance, and SBI Mutual Fund picked up 1.51 crore shares or 0.83 per cent stake in the health insurer Mumbai: Private equity firm True North and Niva...
Lloyd’s announces a new Executive Team
Commenting on the appointments, Patrick Tiernan, Lloyd’s Chief Executive. said: “We will work at pace to deliver on the market’s short-term priorities. We will also work closely with Council to develop a long-term vision for the Corporation, that will strengthen and...
Aon appoints Andy Marcell to serve as CEO of Global Solutions
Andy Marcell Marcell will remain as CEO of Reinsurance until John Neal joins Aon on September 1, 2025, and continue to report to Aon President and CEO Greg Case and serve on the Aon Executive Committee. DUBLIN: Aon plc has appointed Andy Marcell to serve as CEO of...
Pant and Patnaik take charge as new LIC MDs, FSIB to interview 4 MDs to select a new CEO soon
The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik Mumbai: Two of executive directors of Life Insurance Corporation, Ratnakar Patnaik and Dinesh Pant have taken over as managing directors...
Govt clears appointment of Sanjay Joshi as CMD of Oriental Insurance
Sanjay Joshi, CMD-designate, Oriental Insurance Company Joshi, who will get a tenure till 31 Aug,2027, will take over his new charge on Tuesday New Delhi: The government on Monday has cleared the appointment of Sanjay Joshi,57, general manager, United India Insurance,...
‘Next Covid pandemic far from over’: Delhi HC seeks details on sample collection
"Considering that the next Covid pandemic is far from over and in fact, active, amongst the community, today, as per news reports, the vacuum, if any, of steps taken post the meeting of May 30, 2023, is a serious issue," the judge said According to the Ministry of...
India’s health insurance sector faces growth and profitability challenges: Report
Another concern is the rising cost of claims. The report explained that after COVID-19, there has been a shift in focus toward critical illnesses like cancer and heart conditions. This has led to higher claim frequency and severity, putting additional pressure on...
Airlines say they are studying legal options over aircraft delivery delays
Willie Walsh, Director General, IATA Airlines would resist any attempt by planemakers or other suppliers to raise their prices due to tariffs, but that there were no signs of plane prices being pushed higher so far,IATA Director General Willie Walsh The airline...
3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA
“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
Flouting of rules by pan masala manufacturers: NGT issues notice to Centre
A bench of NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel noted the submissions of the petitioner's counsel that in October 2021, the Central Pollution Control Board (CPCB) issued certain directions to 25 such manufacturers, including...
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said New Delhi: Foreign investors pumped in more...
LIC tops PSUs chart with record Rs 19,013 cr profit in Q4
The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore...