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Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars
Union minister Nitin Gadkari Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult New Delhi: As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants...
Modi pitches for studying a newer banking structure to fund future needs
Prime Minister Narendra Modi There are some challenges confronting the industry along with this, including artificial intelligence and blockchain, which are changing the face of banking, cyber security amid the increasing reliance on digital banking and innovations...
Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity
``With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand what...
Luxury car sales could breach 50K mark for first time ever: Audi India head
Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade The overall domestic luxury car segment grew by 28 per cent annually last...
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas
Climate activist Sonam Wangchuk said, "While industries exploit the riches of the Himalayas, the local people bear the brunt of disasters. The government uses taxpayers' money for rehabilitation efforts, yet those who reap the benefits are not held accountable" New...
Finance ministry and PSUs can’t make any new appointments till general elections are over, says EC
Effectively, for the PSU insurance industry , such a stand by the Election Commission of India, will stall all the new appointments, including Member(Distribution), IRDAI , two CMDS-New India Assurance and United India Insurance and nine executive directors...
Allianz Partners becomes the first foreign reinsurer to setup operations in GIFT City
With its headquarter in Paris, globally, Allianz Partners is an re/insurance company that offers health, life, automotive, and travel services. It also provides liability insurance for rental cars, travel delay, hotel cancellation, and business trips Gandhinagar/GIFT...
Building a new Key Bridge could take years and cost at least $400 million, experts say
The Key Bridge collapsed Tuesday, killing six members of a crew that was working on the span, after the Dali cargo ship plowed into one its supports. Officials are scrambling to clean up and rebuild after the accident, which has shuttered the city's busy port and a...
Delhi HC to examine Google’s advertising terms for legal remedies in India
Justice Pratibha M. Singh was hearing a plea filed by Startupwala Private Limited against Google India Private Limited, challenging the conditions under which their digital advertisements were disapproved or labelled as 'Limited' New Delhi: The Delhi High Court has...
Centre issues advisory against mobile calls impersonating DoT
The DoT also issued advisory about WhatsApp calls from foreign origin mobile numbers (like +92) impersonating government officials and duping the people. "Cyber criminals through such calls try to threaten/steal personal information to carry out cyber-crime/financial...
Deepfakes in a democratic country like India a big concern: PM Modi
Narendra Modi,Prime Minister "Someone can even misuse my voice to deceive people and such a deepfake can trigger widespread uproar. We need to think about creating robust dos and don'ts on deepfakes," the Prime Minister told Bill Gates New Delhi: Prime Minister...
The Fidelis Partnership spearheads New Lloyd’s Syndicate
The syndicate will be managed at formation with support from Asta, the leading third-party managing agent at Lloyd’s PEMBROKE, BERMUDA: The Fidelis Partnership on Thursday announced that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in...
Foreign firms’ losses from exiting Russia top $107 billion
Moscow demands discounts of at least 50% on foreign asset sales and has steadily tightened exit requirements, often accepting nominal fees as little as one rouble.So far this year, sales of assets owned by Shell, HSBC, Polymetal International and Yandex have been...
Lloyd’s of London swings to $13.5 billion profit in 2023
“We’ll continue working with our market to deliver consistent profitable performance through disciplined underwriting,” Chief Executive John Neal said in a statement London: Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023,...
Expert Committee submits report on regulatory regime for GIFT IFSCon: March 28, 2024In: Business, Top StoryNew Delhi, March 28 (IANS) The Expert Committee on developing the Gujarat International Finance Tech-City International Financial Services Centre (GIFT IFSC) as...
Sanlam Life Insurance sells over 59 lakh shares of Shriram Finance for Rs 1,427 crore
According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company Mumbai: Sanlam Life Insurance -- one of the promoters of Shriram Finance -- on...
Baltimore bridge collapse could result in ‘one of the largest marine losses in history’: Lloyds of London CEO
``If you look at it from a marine point of view, this could be one of the largest marine losses in history. Insurance companies will be liable to cover the multi-billion-dollar losses. The vessel is insured, the bridge is insured, the port authority's insured, so this...
Group of oncologists launch free-of-cost second opinion helpline number for cancer patients
Sharing the reason behind starting this helpline number, he said there is been a rapid increase in the number of cancer cases in India and there is a dearth of healthcare facilities and healthcare doctors. In the rapidly evolving field of cancer treatment, where new...