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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...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,'' Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will be a...
Max Life ties up with AU SFB selling life insurance products
Max Life Insurance Company has entered into a bankassurance alliance with AU Small Finance Bank (AU SFB), This collaboration will allow AU SFB’s digitally inclined customers to access the full spectrum of life insurance plans offered by Max Life.
No reason for Canadian pension funds to back out from India: Official
''They are here because they are making higher returns here… So I don't see any reason for them to back out because of the current situation, which hopefully we will sort out,'' the official said. According to a report by think tank GTRI, Canadian pension funds, by...
Indian auto insurance technology startup listed on Nasdaq
''We're incredibly excited about the transformative potential of AI in reshaping the USD 800 billion auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance,'' another release...
Condom-shy India arouses interest of global contraceptive makers
Condom makers would follow other global firms in chasing India's growth in disposable income. World Bank data showed that, in 2021, per capita gross domestic product crossed $2,000 - a threshold at which, in China in 2006, consumption jumped BENGALURU: Global...
5-8 million Indians suffering from Alzheimer’s
In India, people with Alzheimer’s are possibly between 5.3 million to 8.2 million. Because of the usage of curcumin, a powerful anti-oxidant that possess anti-inflammatory properties which helps fight the disease, Indians have substantially managed the increase of...
Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions
Bhargava Dasgupta, MD & CEO, ICICI Lombard General insurance Dasgupta has tendered his resignation, to pursue a career opportunity outside the country, said the company on Thursday.Dasgupta said the company has grown revenues six times and net profit 78 times over...
India slips one notch to 87th out of 165 countries on economic freedom index: Report
A score closer to 10 indicates a higher level of economic freedom. According to the report, Singapore topped the index. It was followed by Hong Kong, Switzerland, New Zealand, the US, Ireland, Denmark, Australia, the UK, and Canada India slips one notch to 87th out of...
DGCA implements new rest regulations for air traffic controllers at 57 airports
“The regulation is modelled on ICAO regulations and is based on our national, social and cultural contexts coupled with scientifically valid, optimal limits for ATCO’s. This will ensure our skies become safe and will also take care of health, physical and...
Lloyd’s and the UN team up to get insurance to climate vulnerable countries
After the initial focus on the Pacific, the partnership will seek to roll out the model to Asia and parts of Africa LONDON: Lloyd's of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate...
“No distress”, people investing in other fin products: FinMin on dip in household savings
Overall household savings (current prices) - which include financial, physical and jewellery - has grown at a Compound Annual Growth Rate (CAGR) of 9.2 per cent between 2013-14 and 2021-22 (8 years) and the nominal GDP has grown at a CAGR of 9.65 per cent during the...
Google sued after man drives his car off collapsed bridge following Google Maps
Philip Paxson drowned after his vehicle plunged off a bridge in Hickory, North Carolina that collapsed in 2013, reports USA Today. San Francisco: A family in the US has sued Google after a man belonging to the family died after driving his car off a collapsed bridge...