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Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Bajaj Finserv will spend Rs 13,780 crore to acquire the general insurance business and Rs 10,400 crore for the life insurance arm Mumbai: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National...
MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in reinsurance capacity - rising to EUR 110 million - over five years to support war risk policies underwritten by three Ukrainian insurers: INGO, Colonnade, and UNIQA. The facility is backed by an EBRD...
Nadda asks MPs to ensure health check-up for all citizens in their constituencies every year
The minister said that ever since the campaign started, 35 crore people were screened, of whom 4.2 crore were detected with hypertension and 2.6 crore were found to be diabetic. Of the 29.35 crore people screened for oral cancer, 1.18 crore were detected with...
Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top three concerns in Asia, health and safety risks have dropped three places from being the top concern in 2024 to fourth on the list this year. A notable exclusion from the top risks is climate change,...
Huge fire closes UK’s Heathrow Airport, global flight schedules disrupted
"To maintain the safety of our passengers and colleagues, Heathrow will be closed until 23h59 on 21 March," Heathrow Airport said in a post on X, adding that passengers were advised not to travel to the airport. According to flight tracking website FlightRadar24, at...
Mere grabbing of breast, breaking pyjami string don’t amount to rape: Allahabad HC
The order was passed by Justice Ram Manohar Narayan Mishra on a revision petition filed by two persons who moved the court, challenging the order of a Special Judge of Kasganj by which the court had summoned them under Section 376 of IPC apart from other sections...
Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers itself above the law and has shown scant regard for environmental concerns, a division bench of Justices M S Sonak and Jitendra Jain said in its order on Wednesday Mumbai:The Bombay High Court has...
Germany’s Munich Re to buy $2.6 billion Next Insurance
Ergo, the primary insurance business of reinsurer Munich Re, will become the sole owner of Next, which is focused on insuring U.S. small businesses FRANKFURT: Munich Re is buying the 71% of Next Insurance that it doesn't already own, strengthening its foothold in the...
Universal Sompo launches vision insurance plan
Universal Sompo General Insurance on Thursday launched a vision insurance plan under its Group Health Insurance product. The wellness benefits under the Vision Insurance Plan are powered by VisionSure, which integrates technology with various service providers to...
Finland ranks world’s happiest again with US at worst-ever level
Denmark, Iceland, Sweden and the Netherlands rounded out the top five in the rankings, which are based solely on the answers people give when asked to rate the quality of their own lives, according to researchers Finland’s unbroken streak as the world’s happiest...
Allianz and Mukesh Ambani’s Jio Financial may have reached initial deal for 2 Indian insurance JVs
The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd. Both Jio and Allianz are in the process of finalizing the ownership structure, said the people who asked not to be identified as the matter is...
Elon Musk’s X sues Centre over alleged Censorship, IT Act Violations
'X' (formerly Twitter) raised concerns over the Centre's interpretation of the Information Technology (IT) Act, particularly its use of Section 79(3)(b), which 'X' argues violates Supreme Court rulings and undermines free expression online. The lawsuit alleged the...
Rana Daggubati, Prakash Raj booked for promoting betting apps
The complainant accused the celebrities and the influencers of promoting the betting apps on social media through pop-up ads among others Hyderabad: A case was registered against six Telugu film actors, including Rana Daggubati, Prakash Raj, Vijay Deverkonda and 19...
UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India
Anil Wadhwani, Chief Executive Officer, Prudential plc The health insurance JV will be led by Amar Joshi (CEO designate), subject to regulatory approval `` Transforming access to healthcare and increasing insurance penetration are strategic priorities for Prudential...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs
Jerome Powell, head of the US Federal Reserve "Uncertainty around the outlook has increased," the Fed said in a new policy statement that accounts for the first weeks of the new Trump administration and the initial rollout of what White House officials say will...
LIC dispels Rahul Gandhi’s concern over new IRDAI rules making insurance unaffordable for poor and affecting agents
“ We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDAI, effective from October 1, 2024, keeping policyholders’ interests at the forefront .” said Siddhartha Mohanty, CEO & MD, LIC Kumud Das New Delhi/Mumbai;...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a ship after the January announcement from over 0.7% in December, before moving higher in February to 0.7% for some voyage rates. For some U.S. and UK linked ships, rates were quoted up to 2% in recent...