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GIC Re’s net profit jumps 42% to Rs1036 cr in Q1FY25
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
Existing rules allow termination of govt staff for giving fake certificate to secure job: Centre
"The extant instructions provide that if it is found that a government servant had furnished false information or produced a false certificate in order to secure an appointment, he should not be retained in service," Union Minister of State for Personnel Jitendra...
Anxiety levels rising in rural India: Report
The prevalence of mental health disorders in India has risen steadily in recent years, contributing to the escalating public health concern, according to the State of Healthcare in Rural India Report – 2024, which covered a total of 5,389 households in 21 states. New...
Mention Of heatwaves at all-time high in India’s earnings calls
While heat wave was a recurring theme in many earnings transcripts, high raw-material costs driven by geopolitical tensions in the Middle East and disruptions to shipping routes were also significant factors Mumbai/New Delhi: India’s sweltering summer is the latest...
Govt taken steps to start trial, assessment of caller name display: MoS Telecom
"The necessary steps have been taken by the government to start the trial and assessment of the implementation of CNAP service by Telecom Service Providers," Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in Rajya Sabha New...
Ambanis most valuable among family businesses in India
"The significant industry diversification of these family businesses demonstrates their essential role in maintaining and advancing long-term economic stability and growth in India," Anas Rahman Junaid, founder and chief researcher at Hurun India Mumbai: At Rs 25.75...
NSE adds 1 crore investors in 5 months, total goes up to 10 crore
The investor base has seen more than 3-time jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion and sustained market performance New Delhi: The National Stock Exchange (NSE) on Thursday said its...
RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday. “UPI has become the most preferred mode of payment, due to its seamless features....
NIA’s profit falls almost 17% to Rs 217 crore in Q1FY25
Girija Subramanian,CMD , New India Assurance Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters, Girija Subramanian, CMD, New India Assurance, who took charge of the company in June Mumbai:...
New India’s Lavanya Mundayur selected as CMD of AIC
Lavanya Mundayur, general manager and chief underwriting officer, New India Assurance Mundayur is the youngest general manger in the PSU general insurance industry and will retire in May 2029 New Delhi: The Financial Services Institutions Bureau(FSIB) has selected...
LIC eyes majority stake in a health insurance company: CEO
Siddarth Mohanty, MD& CEO, LIC, said the work has already started for finding a suitable buy in the health insurance space and the corporation is waiting for the change of regulations by the government to facilitate composite licenses in the Indian insurance...
LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...
Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to retail customers and as a result banks are facing challenges on the funding front with deposits trailing loan growth,RBI Governor Shaktikanta Das Referring to the recent incidence of unprecedented IT...
Clearing time for cheques to be cut from 2 days to a few hours: RBI Governor
Shaktikanta Das,Governor,RBI “This means that cheques will be cleared within a few hours on the day of presentation. This will speed up cheque payments and benefit both the payer and the payee,” the RBI governor said Mumbai: The RBI aims to reduce the clearing time...
RBI holds rates again; focused on bringing down inflation to target
Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
NABARD subsidiary partners with IndiaFirst Life Insurance
IndiaFirst Life Insurance Company (IndiaFirst Life) announced its selection as one of the life insurers for NABFINS, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD) to provide Group Credit Life Micro Insurance cover for NABFINS’...
131.3 lakh fishermen covered under Pradhan Mantri Matsya Sampada Yojana
Rajiv Ranjan Singh,Union Minister for Fisheries, Animal Husbandry & Dairying Union Minister Rajiv Ranjan Singh informed the Rajya Sabha that the insurance coverage provided under the Group Accidental Insurance Scheme (GAIS) includes Rs 5,00,000 against death or...
Chola MS and Mahindra Finance join hands to offer non-life insurance solutions
Chola MS General Insurance has announced a strategic partnership with Mahindra Finance, one of India's leading Non-Banking Finance Companies.This collaboration will provide motor and other non-life insurance solutions to over 10 million customers of Mahindra Finance....