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GIC Re back in black, posts a net profit of Rs 690 crore in Q1FY2023
Devesh Srivastava, CMD, GIC Re ``We are targeting a Combined Ratio of 100 per cent and work is on progress to achieve it in the medium term. We are now purely looking for profitable business and the market is aware of our focus. Topline growth will happen but it has...
Monkeypox: How it spreads, who’s at risk – here’s what you need to know
Monkeypox is not a new disease, and in some African countries it is endemic. However, the international outbreak which began in May 2022, has prompted the World Health Organization (WHO) to declare a global health emergency. Here are some of the important things to...
9 million people die each year from neurological disorders: WHO
Neurological disorders, which include stroke, migraines, dementia and meningitis. WHO reported that 43 per cent of children under five in low- and middle-income countries - nearly 250 million boys and girls - are believed to miss their developmental potential due to...
Heat, drought and wildfires during one of the warmest Julys on record– WMO
“This is despite the La Niña event that’s meant to have a cooling influence,” explained WMO spokesperson Clare Nullis “We saw this in some places, but not globally,” she added, noting that it was “one of the three warmest [Julys] on record, slightly cooler than July...
Threats of drought, flooding and blistering heat keeping supplies of global crop tight and prices elevated
Rice, another important Indian crop, was planted on a smaller area so far this season due to a lack of rainfall in some main growing areas, including West Bengal and Uttar Pradesh, which account for a quarter of the country’s output. This will potentially reduce...
HDFC Ergo Gen launches ‘Pay As You Drive” cover
Anyone driving less than 10,000 km in a year can benefit up to 25% of their own damage premium, subject to the odometer reading, saod HDFC Ergo General Insurance. ``During the policy period, we want our customers to enjoy their drive rather than tracking their usage...
River Godavari crosses first danger level in AP, 5 districts face flood threat
''We have issued the first warning signal at Dowaleswaram. We have accordingly alerted the officials of the districts along the river course to take required precautionary measures,'' State Disaster Management Authority Managing Director B R Ambedkar said Amaravati:...
Munich Re’s profit slumps, investment portfolio takes a hit of almost $1 billion
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
“Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile”
The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...
Govt mulls adoption of common charger for all devices; calls meet on Aug 17
The meeting with mobile makers and sector-specific organisations has been scheduled to assess the possibility of ending the use of multiple chargers in India and reduce the burden on consumers besides preventing e-waste, the official said New Delhi: The government is...
Aon strengthens its natural resources offering across APAC by naming new leaders
“With the changing landscape of the oil, gas and mining industry driven by Environmental, Social and Governance strategies, as advisors we need to be at the forefront of developing offerings to support with energy transition amid emerging volatility,” said Melissa...
Finance ministry invites application for PFRDA chairperson post
Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for the post. The position is also open for persons from an academic backgrounds New Delhi: The government has started...
Life insurers’ new premium income jumps 91pc to Rs 39,079cr in July
The country's largest life insurer LIC registered a more than twofold jump in new business premium income to Rs 29,116.68 crore during the month compared to Rs 12,030.93 crore in the year-ago month, the Insurance Regulatory and Development Authority of India (Irdai)...
IRDAI is yet to take any decision on “disclosure of commission on the policy document”:Minister Karad
Bhagwat Karad, minister of state, ministry of finance IRDAI has informed that they have not received any complaint raising the issue of difficulties faced by individual agents of public general insurance due to cut and pay system of some private insurers who offer...
Google Search witnesses massive outage, affects tens of thousands of users
There was an electrical incident at a Google facility in Iowa on Monday, sending three people to a nearby hospital, according to local media reports. It’s not clear whether the episode is related to the service outage. Problems loading the Google website and...
TATA AIA Life announces record annual bonus of Rs 861 crores for its policyholders
All participating policies in-force as of March 31st 2022, are eligible to receive this annual bonus, which will be added to the policyholders’ benefits Mumbai: Tata AIA Life Insurance (Tata AIA) has declared a bonus of Rs 861 crores for FY2022 to all eligible...
AI reported 184 tech snags in last 1 year, IndiGo 98, SpiceJet 77: Govt
An aircraft may experience technical snags due to malfunctioning of components or equipment fitted on the aircraft, he said These technical snags are reported by the flight crew on receiving an aural or visual warning in the cockpit or when there is an indication of...
No established mechanism to rank cities on pollution: Govt to Lok Sabha
''The government is aware that several private institutions and universities are ranking cities adopting different methodologies, different datasets and using different weightages to parameters. The data used for ranking is extracted primarily from satellite imagery,...