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Burman-backed Religare Enterprises to demerge its financial services and insurance businesses
Under the proposed scheme of arrangement, REL will retain its stake in Care Health Insurance Ltd.The financial services business -- comprising lending, broking, investment activities and related support services -- will be transferred on a going-concern basis to its...
Govt launches PM RAHAT (Road Accident Victim Hospitalization and Assured Treatment) Scheme for road accident victims
Under the scheme, every eligible road accident victim on any category of road will be entitled to cashless treatment up to ₹1.5 lakh per victim, for period of 7 days from the date of accident. Stabilization treatment will be provided for up to 24 hours in...
Substantial reduction in out-of-pocket expenditure on healthcare over past decade: Nadda
"India has witnessed a substantial reduction in out-of-pocket expenditure on healthcare over the past decade, easing the financial burden on households, particularly among economically vulnerable sections," Union Health Minister J. P. Nadda said India has seen a...
Respond on suggestion to introduce front-of-pack labelling on food products SC to FSSAI
In an affidavit filed in the court, the FSSAI has said it intends to conduct further research and undertake a systematic mapping of a representative sample of different varieties of packaged food products across both the solid and liquid categories. New Delhi:The...
From chaos to coaching: How real-time AI is slashing road fatalities on Indian roads
While global conversations often centre on AI's role in automation and productivity, in India, the technology is finding its most profound application in a life-saving mission: curbing the country's staggering rate of road accidents. As India prepares for the upcoming...
India has doubled climate spending to 5.6% of GDP, says Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman The Finance Minister argued that the global community must adopt a "polluter pays" principle, where the cost of climate action is shared fairly based on a country's historical contribution to emissions. Munich: India has...
Chhattisgarh govt returns to NPS fold for providing pension to its employees
Sivasubramanian Ramann,chairman,Pension Fund Regulatory and Development Authority(PFRDA), said it has allowed banks to sponsor pension funds under the NPS, that will create a level playing field for all sponsors, including asset management companies...
Uday Kotak appointed chairman of GIFT City
Uday Kotak,chairman, Gujarat International Finance Tec-City Company GIFT City in Gujarat is India's first operational smart city and hosts India's first and only International Financial Services Centre (IFSC).It's a hub for financial and IT companies from around the...
Spain’s Map Re receives approval for its branch office in India’s GIFT City
“The authorization to operate in India means we’ll be even closer to our clients and that we’ll also be able to leverage our technical knowledge and underwriting capacity in a market with high development potential,” stated Miguel Rosa, CEO of Mapfre Re Mumbai/GIFT...
InsuranceDekho weighs an IPO for raising as much as $250 million
The IPO is likely to include a mix of new share issuance and secondary sales by existing investors, and could take place later this year, they said. Girnar Insurance Brokers Pvt., which operates insurance tech startup InsuranceDekho, is weighing an initial public...
Investigation into AI-171 accident still in progress, clarifies AAIB
The preliminary report released earlier provided factual information available at that stage. The final investigation report, containing conclusions and safety recommendations, will be published upon completion of the investigation in line with established...
LIC keen on buying stakes in a suitable health insurance company,says CEO Doraiswamy
``We are evaluating various options available in the market, but we don't have any particular deadline or any such immediate date by which we are looking at doing that. We'll be open to having a stake if a very good opportunity makes itself viable,'' said Doraiswamy,...
China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of AstraZeneca charged with “unlawful collection of personal information, illegal trade and medical insurance fraud,” the company said on Tuesday. China has officially charged AstraZeneca’s former regional...
BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed that the starter motor in the identified vehicles could be defective, with an increase in wear and tear in the magnetic switch after a high number of starts, making it potentially harder or impossible...
Aon appoints Joe Peiser as CEO of Risk Capital
Peiser's appointment reflects Aon's broader strategy to strengthen how the firm helps clients navigate increasing volatility by connecting risk with the most efficient forms of capital. DUBLIN: Aon plc, second largest international re/insurance broker today announced...
Environmental Concerns:SC refuses to pass any order related to Adani group’s proposed thermal power plant in UP
CJI Kant said the difficulty is that sometimes concerns are raised for power plants, sometimes for forests and sometimes for rivers, but developmental projects cannot be stalled like this. The bench emphasised the need for robust enforcement machinery and scientific...
Competition Commission slaps Rs 27 cr fine on Intel Corp for unfair biz practices
The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India. New Delhi: Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive...
India:Rich citizens live in cities with poor conditions
Last week’s budget made a song and dance about various new grants supposedly targeting smaller towns. But the reality is that vital lines of urban finance have been cut. Funding for affordable housing shrank by 6 per cent, for urban rejuvenation by 20 per cent, and...