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Finmin asks state-owned general insurers to focus on profitable businesses
Vivek Joshi,Secretary,Financial Services Oriental Insurance has earned Rs 18 crore profit in FY24 as against a loss of Rs 5,000 crore a year ago, while National Insurance Company narrowed its loss to Rs 187 crore from Rs 3,800 crore, and United India Insurance to a...
Niti Aayog member Vinod Paul wants insurance companies to cover organ transplantation
Vinod Kumar Paul, member, Health, Niti Aayog A person after his death can give new life to up to 8 people by donating vital organs namely Kidney, Liver, Lung, Heart, Pancreas and Intestine and improve quality life of many more by donating tissues like cornea, skin,...
FPIs invest Rs 32,365 cr in equities in July on continued policy reforms
According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 32,365 crore in equities in July. This came following an inflow Rs 26,565 crore in June driven by political stability and the sharp rebound in markets Before...
IIHL fails to comply with NCLT order on acquiring Reliance Capital: RCAP Administrator
The Administrator, in its affidavit informed NCLT that instead of depositing Rs 2,750 crore in the designated escrow accounts of the Committee of Creditors (CoC) in India and abroad, IndusInd International Holdings Ltd (IIHL) has deposited the money in its own...
Affordable medicines save Rs 28,000 crore under Janaushadhi Scheme
Launched by the Department of Pharmaceuticals, these initiatives aim to alleviate healthcare expenses by providing quality generic medicines at affordable rates, focusing on critical illnesses like cancer and cardiovascular diseases The Prime Minister Bhartiya...
World’s richest lose $134 billion in stock slump, led by Amazon’s Bezos
Jeff Bezos, founder,Amazon Investors have also become jittery over fears that this year’s AI-fueled gains are overdone or the market is too concentrated Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from...
WHO report on half of India’s population is physically unfit based on extrapolations, Nadda
The study findings were based on the data collected from three states -- Tamil Nadu, Maharashtra and Jharkhand -- and Union Territory of Chandigarh New Delhi: The WHO's recent report stating that half of India's adult population is physically unfit relied on data...
Over 34.7 cr Ayushman cards created, more than 29,000 hospitals empanelled: JP Nadda
JP Nadda,Union Health Minister The AB-PMJAY provides cashless healthcare services related to 1,949 procedures across 27 medical specialities including general medicine, surgery, cardiology and oncology, among others New Delhi: Over 34.7 crore Ayushman cards have been...
India may take 75 years to reach one-quarter of US income per capita: World Bank
The road ahead has even stiffer challenges than those seen in the past: rapidly ageing populations and burgeoning debt, fierce geopolitical and trade frictions, and the growing difficulty of speeding up economic progress without fouling the environment, said the...
New record of over 7.28 cr income-tax returns filed: Tax dept
"Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the new tax regime compared to 2.01 crore ITRs filed in the Old Tax Regime," the tax department said in a statemen NEW DELHI: A new record of over 7.28 crore income tax returns...
How missed warnings, ‘over-tourism’ aggravated deadly India landslides
Local authorities are now counting the cost of the disaster and questioning whether the rapid development of a tourism industry was to blame for the tragedy. Weather-related disasters are not unusual in India, but the landslides in Kerala state this week were the...
TikTok’s practices endangered children’s safety, US alleges in lawsuit
"TikTok knowingly and repeatedly violated kids' privacy, threatening the safety of millions of children across the country," said Lina Khan, the head of the Federal Trade Commission, which joined the Justice Department in suing the short video behemoth. New York: The...
LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters
The government has mandated the Public Sector Insurance companies and insurance regulator IRDAI has asked the insurance industry to extend all possible support to the victims of the landslide incident in Kerala Siddhartha Mohanty, CEO & MD, LIC, announced...
Over 95 per cent villages now have access to Internet: Centre
Out of a total of 954.4 million Internet subscribers in India, there are 398.35 million rural Internet subscribers (as of March), according to the Ministry of Communications New Delhi: Under the 'Digital India' Initiative, more than 95 per cent of villages now have...
Child entitled to maintenance till pursues education, is financially dependent: Delhi HC
The court's ruling came while dealing with an appeal by an estranged husband assailing a family court's order asking him to pay maintenance to his wife and son, including a direction to pay Rs 35,000 per month to the son from July 2016 until he attains the age of 26...
Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount
"Rent rebate to postpaid customer or validity extension to prepaid customer, due delay in rectification of faults or due to significant network outage of more than 24 hours, as applicable, shall be made within one week of rectification of significant network outage,"...
Hong Kong slaps AIA with record fine for anti-laundering lapses
The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Tesla registers insurance brokerage in China
By selling insurance directly to consumers, Tesla could potentially offer lower-cost EV insurance products, which are usually more expensive than those for gasoline cars Beijing: Tesla registered an insurance broking firm in China at the end of July, based on a...