Welcome to My Blog
Here is a masonry blog layout with no sidebar
IRDAI slaps a Rs 20 lakh fine against Edelweiss Tokio Life Insurance for violating shareholding norms
In an order signed by two members, BC Patnaik, Life and RK Sinha, Finance and Investment , the regulator has alleged that the insurer has carried out changes in the shareholding pattern of the joint venture, without its prior approval and also the company has not...
Indian Navy rescues Panama-flagged crude oil tanker after missile assault
''A mission deployed Indian Naval destroyer INS Kochi responded to a maritime security incident involving the attack on Panama-flagged crude oil tanker MV Andromeda Star on April 26,'' the Indian Navy said New Delhi: The Indian Navy swiftly assisted a Panama-flagged...
Focus on preventing occupational accidents, diseases: WHO
A safe and healthy working environment supports mental health, and good mental health of course enables people to work productively. Issues such as depression and anxiety are pervasive in workplaces, impacting productivity and performance. When left untreated, the...
Foreign investors withdraw Rs 6,300 crore from Indian stocks in April amid rising US bond yields
“The positive factor is that all FPI selling in the equity markets is getting absorbed by DIIs, HNIs and retail investors. This is the only factor that may reign in FPI selling,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services After...
Elon Musk visits China as Tesla seeks self-driving technology rollout
The U.S. electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China, its second-largest market globally, despite customers urging it to do so...
RCap lenders urge Hinduja Group arm to resolve IRDAI’s concerns early
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
Cholamandalam General Insurance reports a PBT of Rs 444 crore in FY 24
V. Suryanarayanan, MD&CEO, Cholamandalam General Insurance The insurer has recorded a gross written premium of Rs 7,598 crore for the financial year ending March 31, 2024.The company said due to the impact of natural calamities like Cyclone 'Biparjoy', 'Michaung'...
Indian economy remains in bright spot: Ministry of Finance
"While a record Rabi crop will help in moderating cereal prices, the increasing occurrence of weather shocks poses an upside risk to food prices. Geopolitical tensions and their effect on oil prices add to this risk. However, Kharif crop prospects look bright at this...
FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into issues related to the insurance sector during 2022-23 fiscal and the revised guidelines laid "special stress" for generating alerts in cases of frauds experienced by the insurance firms and analyse...
Chinese automakers redefine the car as a living space at Beijing Auto Show
Tang Daosheng, a senior executive from Chinese tech giant Tencent, joined Toyota's presentation at the auto show, saying the company would provide big data and cloud computing services for Toyota vehicles and connect its ubiquitous WeChat messaging and e-payment...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information Technology "With this space (cyber security) getting critical, national risks are also huge. It is not at the individual level but even at the national level, the cyber security risks are huge. What we...
SBI General reports a 30.4% rise in net profit at Rs 240 crore in FY 24
Kishore Kumar Poludasu,MD and CEO,SBI General Insurance "The retail business led by Motor and Health have shown strong growth. SBI General Insurance continues to be No. 1 in the Personal Accident segment in the private market, along with its strong presence in various...
US food regulator gathering information on Indian spices after alleged contamination
MDH and Everest spices are among the most popular in India and are also sold in Europe, Asia and North America. India's food regulator, the Food Safety and Standards Authority of India (FSSAI), is now checking the quality standards of the two companies, following the...
Houthi leader vows to continue maritime attacks, calls Indian Ocean ‘new theatre of confrontation’
Al-Houthi also claimed that his group had attacked 102 vessels linked to Israel since the onset of the Israel-Hamas conflict on October 7, 2023, adding that "successful strikes against Israeli-affiliated ships, occurring at a rate of approximately one every two days",...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for transitioning towards Risk-Based Supervision, Risk Based Capital frameworks and convergence to International Financial Reporting Standards (Ind-AS) took center stage of the latest Bima Manthan, with...
An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York
Pilots declared an emergency so the flight could be be routed quickly back to the airport, and the plane landed and taxied to a gate under its own power, according to the airline.There were 176 passengers, two pilots and five flight attendants on board the flight,...
Bird flu: US tests show pasteurized milk is safe
One person, a Texas farm worker, has been confirmed to have bird flu and suffered conjunctivitis in the current outbreak following exposure to dairy cows. Both the Centers for Disease Control and Prevention and the World Health Organization said on Friday the current...
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns
The National Highway Traffic Safety Administration closed its nearly three-year defect investigation into Autopilot, saying it found evidence that "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities" that result...