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BAGIC net rises 3% to Rs 281 cr in Q3
Tapan Singhel , MD & CEO, Bajaj Allianz General Insurance The private sector insurer’s combined ratio increased to 102.9 per cent in 03 FY24 from 100.3 per cent in 03 FY23.Excluding the NATCAT impact. combined ratio for 03 FY24 stood at 99.5 per cent.BAGIC’s...
India ranks 93rd among 180 countries in Global Corruption Index 2023: Report
"Countries with continued high scores, such as New Zealand (3) and Singapore (5), maintain their positions at the top of the index globally, followed closely by other countries with stronger corruption control mechanisms, such as Australia (14), Hong Kong (14), Japan...
LIC’s $30 billion market rally gives IPO investors chance at redemption
Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
Bajaj Finserv acquires Vidal Health Insurance TPA
Vidal Health Insurance TPA Pvt Ltd (VHITPA), services premium of over Rs 5,000 crore, covering 130 million lives. The acquisition now enables Bajaj Finserv Health, a subsidiary of Bajaj Finserv of to offer OPD, wellness, as well as hospitalization benefits to...
Shriram General Insurance net up 51% to Rs117 crore in Q3
Anil Aggarwal, MD & CEO, Shriram General Insurance Company said, “This year, we had a focus shift towards increasing the gross written premium. The company is entering into newer areas like EV (electric vehicles) insurance and developing combo insurance plans. It...
HDI Global adopts generative AI with proprietary GPT system
"With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation," Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial intelligence...
Toyota holds lead as world’s No. 1 carmaker for 4th yr
While 2023’s full-year figures cement Toyota’s dominance, it was China’s BYD Co. that arguably generated the most buzz last year when it surpassed Elon Musk’s Tesla Inc. as the world’s top maker of electric cars. Shenzhen-based BYD, which only sells EVs and plug-in...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers' vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said on...
Air India pilots’ unions flag concerns over duty timings; allege airline’s approach will compromise safety
In their joint letter, dated January 28, the unions also claimed the airline's approach to extend the Flight Duty Time Limitation (FDTL) for pilots amounts to ''compromising'' with safety of the pilots besides violating established regulations New Delhi: Air India...
Cold snap helps India’s wheat crop but warm weather forecasts pose risk
Although India's fertile plains have seen a chilly winter, a lack of snowfall in the mountainous regions has raised concerns of a sudden, abrupt rise in temperatures. Both minimum and maximum temperatures in northern and north-western states have started to rise, an...
Every year spent in school or university may improve life expectancy: Lancet study
"More education leads to better employment and higher income, better access to health care, and helps us take care of our own health. Highly educated people also tend to develop a larger set of social and psychological resources that contribute to their health and the...
Delhi HC dismisses plea to include ayurveda, yoga in Ayushman Bharat
The PIL stressed on need to recognise and integrate indigenous medical systems into public health schemes, as they are deeply rooted in the country's traditions and culture, and the importance of providing citizens with the right to choose their preferred treatment...
Musk’s Neuralink implants brain chip in first human
Elon Musk ``Neuralink’s first product would be called Telepathy. It will enable “control of your phone or computer, and through them almost any device, just by thinking. The product’s initial users will be people who have lost the use of their limbs. Imagine if...
Centre allows woman employees to nominate son daughter for family pension
Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse's ineligibility or demise, the statement said New Delhi: In a path-breaking decision with far-reaching...
Ayushman Bharat: 6.2 hospital admissions with 30.3 cr cards issued till Jan 17
National health accounts data also demonstrates a consistent decline in out-of-pocket health expenditure, from 62.6 per cent of total health expenditure (the) in FY15 to 47.1 per cent of the in FY20 New Delhi: The Finance Ministry on Monday said that the Central...
Italian regulator notifies OpenAI about violating Europe’s privacy laws
Confirmed breaches of the pan-EU regime can attract fines of up to 20 million euros, or up to 4 per cent of global annual turnover, reports TechCrunch London: The Italian regulator on Monday notified Sam Altman-run OpenAI about breaching European data privacy law,...
India expected to become third-largest economy in next 3 years: FinMin
Nirmala Sitharaman, Finance minister The government has, however, set a higher goal of becoming a ‘developed country’ by 2047. With the journey of reforms continuing, this goal is achievable New Delhi: In the next three years, India is expected to become the...
Ensure medical equipment functional in govt hospitals: Delhi HC
“We intend to pass an order that secretary health (of Delhi) shall ensure that all equipment installed in hospitals are functional within a month. CT scan (in GTB Hospital) was non-functional for last six months for so,” said the bench, also comprising Justice Manmeet...