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SBI General’s records a gross premium of Rs 9260 crore in FY2021-22, to post underwriting losses
PC Kandpal, MD & CEO, SBI General Insurance, said, “Despite the challenging environment continued with pandemic, we have registered significant growth in GWP especially in the health insurance segment. The strong performance underpins our health insurance...
Discord between value, valuation expectation in fintech, digitech space: Kamath
“It is a challenge between the value which has been created in each of these enterprises and then there is a valuation expectation. I think there is a discord between the value and the valuation,” Kamath, who is the chairman of National Bank for Financing...
Damaged black boxes in China jet crash leave few clues into cause
"There are many difficulties in investigating this accident, and at the moment the available evidence is limited," Li Yong, deputy director of CAAC's aviation safety office, said in an interview with state news agency Xinhua China said on Wednesday the black boxes of...
Omicron sub-variant BA.2.12 found in majority of Delhi samples, could be behind surge: Sources
However, an Indian SARS-CoV-2 Genomics Consortium (INSACOG) source has claimed that Omicron variant derivative BA.2.12.1 has also been found in a few samples in Delhi which is said to be contributing to the recent rise in cases in the US Omicron sublineage BA.2.12 has...
ICICI General Q4 profit falls 10% to Rs 313 cr due to Covid claims and higher expenses
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance The insurer has combined ratio, one of the key measures of profitability for general insurers, of 103.20 per cent in q4 FY 2021-22,as against 101.80 per cent in year-ago period The insurer's underwriting...
Market Rally-Investors richer by over Rs 5.74 trn in two days
"Positive global clues lifted sentiments for the second straight day. The board-based rally saw buying across different sectors," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Mumbai: Investors have become richer by over Rs 5.74 lakh crore...
Govt to take action against defaulting EV firms in e-scooter fire accidents: Gadkari
“We have constituted an expert committee to enquire into these incidents and make recommendations on remedial steps. Based on the reports, we will issue necessary orders on the defaulting companies,” the road transport and highways minister Ntin Gadkari said New...
SBI General Insurance, one of India’s leading General Insurance companies today announced its financial results for FY 2021-22. The company demonstrated strong growth in the health insurance segment with a 50% growth in GWP, whereas it has reported an overall growth...
Eight hour blackouts hit India; hottest March points to ‘looming power crisis’
Although outages aren’t uncommon in India, the situation this year particularly points to a “looming power crisis,” said Shailendra Dubey, chairman of All India Power Engineers Federation, an advocacy group. An already sweltering summer and acute coal shortages are...
Government likely to take a call on timing of LIC IPO within this week
The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told...
Reinsurance, London market sector outlooks lowered to neutral: Fitch
For the global reinsurance market and the London market, the war itself represents a mid-sized catastrophe event, mostly affecting specialty lines such as aviation, marine, political risk, trade credit and cyber insurance London: Fitch Ratings has revised its global...
U.K. sets gender, ethnicity targets for executives, boards
“As investors pay increasing attention to diversity at the top of the companies they invest in, enhancing transparency at board and executive management level will help hold companies to account and drive further progress,” said Sarah Pritchard, executive director of...
Bosses don’t follow their own advice in returning to the Office
The gap points to a double standard in return-to-office messaging — executives from Bank of America Corp. to Alphabet Inc.’s Google are prodding their workers to return in part to boost in-person collaboration, but bosses themselves are somewhat exempt. Companies are...
No more man-days lost in Bengal due to strikes: Mamata tells industry tycoons
“We lost 75 lakh man-days every year during the Left Front rule, but now no man-days are lost'' West Bengal Chief Minister Mamata Banerjee Banerjee also revealed the state planned to set up a Rs 72,000-crore industrial zone in the densely forested and backward...
Sikkim disaster management authority, GSI sign MoU for early warning system for rainfall, landslides
Explaining the basic objective of the initiative, Raju said that the GSI proposed to share relevant and timely data on landslides to the state disaster management authority, which would go a long way in saving lives and properties of people as and when such natural...
UK updates Highway Code to prepare for self-driving cars
"This is a major milestone in our safe introduction of self-driving vehicles, which will revolutionise the way we travel, making our future journeys greener, safer and more reliable," said Transport Minister Trudy Harrison "The technology could be available in the UK...
India-1.06 cr domestic passengers travelled by air in March; around 38 pc more than Feb: DGCA
The passenger load factors, which means occupancy rates, were above 80 per cent for all Indian private carriers in March, the Directorate General of Civil Aviation (DGCA) stated in its monthly statement. New Delhi: Around 1.06 crore domestic passengers travelled by...
India to introduce AYUSH Mark for traditional medicines, AYUSH visa: PM Modi
Prime Minister Narendra Modi India will soon introduce the AYUSH mark, which will give authenticity to quality AYUSH products of the country. The mark will be given to products vetted using the latest technology. This will give confidence to people of the world that...