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Sebi bans bundling of MF products with insurance
`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with insurance features in their investments schemes like SIP INSUR(Systematic Insurance...
Crypto Scam: Fake exchanges duped Indian investors of Rs 1,000 cr: Report
Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phishing domains and Android-based fake crypto applications Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the...
Volkswagen faces mounting scrutiny on human rights violations in China, risk insurance declined by Berlin
Berlin recently declined a Volkswagen request to renew risk insurance for the company’s Chinese operations over the human rights concerns, according to a person familiar with the matter Volkswagen AG faces mounting pressure to address allegations of human rights...
Sovcomflot fleet fully covered by Russian insurers, CEO says
Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Floods in Indian NE states and Bangladesh, 11more dead, 47 lakh affected in Assam
Dhaka/Guwahati: Army troops were called in to rescue thousands of people stranded by massive floods that have ravaged northeastern India and Bangladesh, leaving millions of homes underwater and severing transport links, authorities said Saturday. In India’s Assam...
Cyber attacks in India see quantum jump, says Amit Shah
Amit Shah,Union Home Minister ''In 2012, a total of 3,377 cyber crimes were reported and it has gone up to 50,000 in 2020. The number of cyber crimes which were not reported could be in lakhs. We are resolved to create the most secured cyber atmosphere in the world,''...
Turkish insurers come under severe strain: Fitch
The effects of macroeconomic deterioration, soaring inflation and the continuing price cap on motor third-party liability (MTPL) insurance could push some insurers below minimum regulatory solvency levels, forcing them to raise capital or to be acquired by stronger...
AXA XL appoints HaoMing Zhou as country manager, China – Insurance
Gilles Fromageot, Regional Manager, Asia, AXA XL said “As the risk landscape and economic conditions continue to evolve, businesses are faced with new challenges every day, further increasing the need for an expert partner.” AXA XL Insurance today announced the...
“Bima Mandi” appoints Ramchandra Pandit as its CEO
“Bima Mandi”, a web insurance aggregator focused on providing catered insurance products targeting rural population has appointed Ramchandra Pandit as its chief executive officer. Ramchandra joins Bima Mandi from Navi General Insurance where he was managing director...
Assam flood situation critical, CM reviews state of affairs
The state has been reeling under devastating floods for the past one week with 127 revenue circles and 5,137 villages affected in 33 districts, according to a bulletin of the Assam State Disaster Management Authority (ASDMA) With the flood situation in Assam remaining...
Demand for flexible workspace in FY22 jumps over two-fold to 90,200 desks: Report
''An increasing number of enterprises are expanding their usage of flex space in tandem with transformational changes with respect to remote work, mobility and flexibility,'' the report said. Demand for co-working office space jumped over two-fold in the last fiscal...
Fairfax Financial to sell pet insurance operations to Germany’s JAB in $1.4 bln deal
Fairfax, the Canadian investment company headed by well known contrarian investor Prem Watsa, will sell its interests in Crum & Forster Pet Insurance Group and Pethealth Inc including all of their worldwide operations to JAB's pet insurance unit for $1.15 billion...
Govt may appoint a private sector honcho as IRDA’s new member, Non-life
The name of Sanjeev Mathur, 1987 batch of Oriental Insurance Company(OIC), who has been working with Cholamandalam General Insurance after quitting state- owned OIC in early 2000 ,is current doing the round for the post of member, Non-Life, IRDAI There are now moves...
Govt to bring legal changes, regulations needed for greater social media accountability: Vaishnaw
IT minister Ashwini Vaishnaw Internet on mobile phones and social media platforms have brought powerful and transformative changes, but it must come with realisation of responsibilities, the minister said emphasising that social media and digital world needs to be...
Govt declares ICICI, HDFC, NPCI’s IT resources as critical information infra
''Looking at the recent sophisticated cyber attacks, it is high time all the banks and financial institutions get themselves notified as a protected system.''Similarly, the control system of all the electricity, oil, airports, railways, metros and transport systems...
Urban population of Telangana may touch 50% by 2025, says Niti Aayog
Hyderabad city tops the list when it comes to indices of purchasing power, security, healthcare and cost of living, among others. The city is in the top 30 globally as far as economic competitiveness is concerned New Delhi: The urban population of Telangana is...
EV prices to be at par with cost of petrol vehicles within a year: Gadkari
"I am trying...within one year, the cost of electric vehicles will be equivalent to the cost of petrol vehicles in the country and we will save money spent on fossil fuels," he said New Delhi: The prices of all electric vehicles (EVs) will be equal to the cost of...