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ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co
The move follows a May 2023 resolution by the bank's board to increase the bank's holding ICICI Lombard by another 4 per cent in multiple tranches Mumbai: Private sector lender ICICI Bank on Thursday said it has bought an additional 25.14 lakh shares of ICICI Lombard...
Govt shortlists 5 GMs for selecting a CMD of United India Insurance
The new head office of Chennai based United India Insurance, which was inaugurated by Union Finance minister Nirmala Sitharaman, virtually, on Friday The DFS now has prepared a new list of five general managers(GMs)- BS Rahul, Agriculture Insurance...
32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google’s misconduct,” a statement issued by their lawyers Geradin Partners and Stek said BRUSSELS: Alphabet’s Google was hit with a 2.1-billion-euro ($2.3...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
Meta targeted in privacy complaints by EU consumer groups
"Surveillance-based business models pose all kinds of problems under the GDPR and it's time for data protection authorities to stop Meta's unfair data processing and its infringing of people's fundamental rights," Ursula Pachl, deputy director general of the European...
US says to investigate national security data risks from Chinese vehicles
"China's policies could flood our market with its vehicles, posing risks to our national security," President Joe Biden said in a statement. "I'm not going to let that happen on my watch." The Commerce Department will seek comments for 60 days on the potential risks...
SC upholds Rajasthan’s 2-child norm for govt jobs
“This court held that the classification, which disqualifies candidates for having more than two living children, was non-discriminatory and intra-vires the Constitution, since the objective behind the provision was to promote family planning,” the bench, also...
SC asks govt to fix standardised rates for hospital treatments across the country in next six weeks
`We, direct the Secretary, Department of Health, Union of India to hold a meeting with his counterparts in the State Governments/Union Territories and come with a concrete proposal by the next date of hearing((in the next six week).In the event the central...
Foreign investors become net buyers in Indian stocks in February
"The resilience of the market is preventing the FPIs from selling aggressively despite attractive bond yields in the US," said V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services, recently New Delhi: Foreign portfolio investors who had...
Govt will continue with nextgen economic reforms in 3rd term: Nirmala Sitharaman
She said the government was looking at expansion in artificial intelligence, space and extending policy support to give a big push to precious metals and semiconductors,” said Union Finance Minister Nirmala Sitharaman New Delhi: The Narendra Modi-led government will...
More than 40 pc pillion riders do not wear helmets, sustain serious injuries in accidents: AIIMS Trauma Centre
In the data collected by AIIMS Trauma Center, it has also been found out which vehicle has seen the maximum number of road accidents. In the year 2022, the number of M2W i.e. two-wheelers is the highest which includes motorcycles, scooters etc. In the year 2022,...
India’s rural-urban income gap declines sharply amid fall in poverty level: SBI Report
The states once considered laggards are showing the maximum improvement in rural and urban gap. States like Bihar, Uttar Pradesh, Madhya Pradesh are showing increasingly the impact of these factors, the report adds New Delhi: Along with the sharp decline in poverty in...
Globally, 1 accident reported for every 1.26 mn flights operated in 2023: IATA
Releasing the data, the International Air Transport Association (IATA) on Wednesday said there were no hull losses or fatal accidents involving passenger jet aircraft in 2023 New Delhi: There was one accident for every 1.26 million flights operated globally in 2023...
Use term ‘differently abled’ for persons with disabilities: Delhi HC
“It is because of this that the more appropriate term to use would be ‘differently abled’, rather than ‘disabled’. Persons who are differently abled are as able as any of us; however, as their ability is different, it poses a challenge when they seek to integrate with...
Singapore faces shrinking population, total fertility rate falls below 1 per cent for first time, says Minister
Singapore is confronted with the "twin demographic challenges of a persistently low fertility rate and an ageing population", the daily quoted the minister as saying Singapore:Singapore, facing a dwindling population and a manpower shortage, has seen its resident...
Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report
Risk reduction through adaptation fosters insurability. The insurance industry is ready to play an important role by catalysing investments in adaptation, directly as a long-term investor and indirectly through underwriting climate-supportive projects and sharing risk...
Red Sea attacks add urgency to Mideast Trade route
Almost all of India’s trade with Europe goes through the Red Sea channel, India’s ambassador to the United Arab Emirates said, adding to the urgency for the India-Middle East-Europe Economic Corridor project The volatile situation in the Red Sea increases the need for...
Supply chain strains set to weigh on aviation industry bounce-back
"The previous supply concept was probably 'just in time'; I order when I need it. This is over. We have to carry more resiliency than ever in terms of our operations, including a higher level of standby aircraft and crew.That's one of the costs of uncertainty." said...