Welcome to My Blog
Here is a masonry blog layout with no sidebar
ONDC to launch insurance products in its network this week
Providing massive opportunties to the insurance industry, the platform will initially launch Motor, Health, Marin and will add more insurance products going ahead, according to an official Mumbai: After launching credit products, the government-backed Open Network for...
Can’t interfere in employment agreement between pilots Akasa Air DGCA to HC
The civil aviation regulator filed its written submissions in response to a plea by the fledgling airline which has said it was in a state of crisis following the sudden and abrupt resignation of 43 pilots, who left the airline without serving the mandatory notice...
Ambulance service provider DIAL4242 closes USD 10 mn seed funding round
''Investing in DIAL4242 isn't merely a strategic decision…This investment transcends financial objectives; it's about actively contributing to lifesaving solutions and fostering greater healthcare accessibility,” said Raju, who is the Managing Director at Visista...
India’s economic growth threatened as household savings hit 16-year low
“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”
In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...
National Health Authority to host 2-day Arogya Manthan event in Delhi
Ayushman Bharat PM-JAY, launched on 23rd September 2018, has scripted a saga of health, productivity and prosperity. With 5.5 crore free hospitalizations worth Rs. 69,000 crore, the scheme has not only ensured good health for crores of poor and downtrodden families...
80 per cent cybercrimes from 10 Indian districts: Study
The findings have been mentioned by the Future Crime Research Foundation (FCRF), a non-profit start-up incubated at the Indian Institute of Technology (IIT)-Kanpur, in its latest comprehensive white paper named 'A Deep Dive into Cybercrime Trends Impacting India'...
Affordable, accessible healthcare road map for ‘healthy India’, says Jitendra Singh
“With increasing lifespan, changing lifestyles and environmental factors, the prevalence of cancer is assuming epidemic proportions and cancers of all nature and all organs are happening everywhere'' Union Minister Jitendra Singh Kathua/Jammu: Asserting that India has...
Govt considers financial creditor status for insurers issuing surety bond
The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
Sanjeev Mantri to succeed Dasgupta as MD & CEO at ICICI Lombard Gen
Sanjeev Mantri, MD & CEO- designate, ICICI Lombard General Insurance `The Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee have approved the appointment of Mantri presently with effect from December 1, 2023 or the...
FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates
"Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists," V K Vijayakumar, Chief Investment Strategist at Geojit...
Gujarat govt announces relief package for farmers in districts affected by floods due to Narmada river
Based on a report on the estimated damages caused to standing crops in the three districts due to flooding caused by the river, the government has decided to provide a special relief package from the state budget in addition to the State Disaster Response Fund (SDRF)...
Sunak may ban cigarettes in UK for future generations -The Guardian
British Prime Minister Rishi Sunak Those measures include free vape kits, a voucher scheme to incentivise pregnant women to quit, and consulting on mandatory cigarette pack inserts, the spokesperson added. The spokesperson declined to comment further on The Guardian...
Mahindra Finance acquires 20 pc stake in Mahindra Insurance Brokers for Rs 206 cr
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory...
California lets insurers factor wildfire risks in rates to widen coverage
The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...
LIC to appeal against GST tax notice of Rs 290 crore
The tax authority has alleged that among other violations, LIC did not reverse the Input Tax Credit (ITC) availed on the premium received by the corporation from policy holders Mumbai: The Bihar-Additional Commissioner State Tax (Appeal), Central Division, Patna, has...
Indian Railways raises compensation for death or injuries in train accidents by 10 times
Additionally, in case of an untoward incident, Rs 1.5 lakh will be paid in case of death which was earlier Rs 15,000. Amount for grievous injury has been revised to Rs 50,000 from Rs 5,000 for grievous injury and compensation for a simple injury has been revised from...
Monsoon likely to start retreating from northwest India by Sept 25: IMD
India has received 780.3 mm of rain during this monsoon season so far, compared to a normal of 832.4 mm. Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal. Normally, the country receives an average of 870 mm of...