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Here is a masonry blog layout with no sidebarGeneral Insurance industry’s prms rise 11 % to Rs 2.20 trillion in FY 2021-22, Health topples Motor as the largest portfolio
Thanks to Covid-19 Pandemic and stagnant motor third party premium for the last two years, for the first time in the history of Indian general insurance industry, in FY 2021-22, Health portfolio has replaced Motor business as the largest segment in the industry Though...
KKR signs agreement to acquire 10% in Shriram Gen Insurance for Rs1800 crore
Gaurav Trehan, Partner and CEO of KKR India, said, “Shriram General Insurance has been one of the standout performers in India’s fast-growing general insurance industry, and continues to build on their record by developing new capabilities, channels, and products to...
Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong
OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree's...
VP Naidu calls for greater participation of private sector in strengthening health infrastructure
, M Venkaiah,Vice President Highlighting the worrying trend of increasing non-communicable diseases in India, Naidu urged the medical fraternity in the private sector to create awareness among people, particularly the youth, on the dangers posed by a sedentary...
Six charred to death after blast at Indian chemical plant
Ahmedabad: A massive blaze touched off by an explosion at a chemicals plant in India's western state of Gujarat charred to death at least six people before it was brought under control, authorities said on Monday. The blast on Sunday night took place in a hub for...
One lakh excess premature deaths linked to air pollution in 8 Indian cities: Study
The study, published last week in the journal Science Advances, shows rapid degradation in air quality and increases in urban exposure to air pollutants which are hazardous to health. Dhaka, Bangladesh, saw a total of 24,000 excess premature deaths, while the Indian...
Covid and climate change push many older women into prostitution in Sundarbans
Agriculture has become unviable due to the increase in salinity of the water because of sea level rise. As a result, there is abject poverty and people, particularly women, are desperate to look for livelihood as they are often the breadwinners. New Delhi: In the...
Willis India receives IRDAI nod for full ownership, appoints Vivek Nath as head of India ops
Vivek Nath, CEO, WTW India SINGAPORE: WTW (Willis Towers Watson), the third largest global re/insurance broker, today has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) and has closed the transaction on the acquisition of...
Govt finalises Rs 5k capital infusion plans into 3 PSU gen insurers, National Insurance to receive Rs 3,700 cr
Delhi based Oriental Insurance Company has been given Rs 1200 crore while United India Insurance(UII) has been allocated just Rs 100 crore A notification will soon be issued by the Finance Ministry for hiking the authorised capital these three general insurers Before...
Equity MFs record Rs 1.64-trn net inflow in FY22 on strong SIP mop-up
Going ahead, we expect the growing inflow trends in equity mutual funds to sustain given the current economic condition and markets, Manish Kothari- CEO and Co-Founder, ZFunds, said New Delhi: Strong SIP book and lower returns from traditional investments made equity...
For 3rd quarter in row, startup funding crosses $10 bn in Q1, creates 14 unicorns
Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report Amit Nawka, the startups leader at the consultancy, told PTI that despite uncertainties in the global economic...
FAQ on taxation of crypto, virtual digital assets in works
The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 per cent income tax plus cess and surcharges will be levied on such transactions in the same manner as the tax law treats winnings from horse races or...
FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities
Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said the inflow indicates that maybe foreign investors are almost done with the recalibration exercise of their portfolios owing to the current scenario. Also, the recent correction in the...
India-Gold imports surge to USD 46.14 bn in 2021-22
India is the world's second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion India's gold imports, which have a bearing on the...
Private COVID vaccination centres can only up to Rs 150 as service charge on precaution dose
Serum Institute of India has cut the price of its Covishield COVID-19 vaccine as the country plans to offer booster doses to all adults from Sunday. The price will drop to 225 rupees ($2.96) a dose from 600 rupees for private hospitals, the chief executive of SII said...
Electric vehicle retail sales zoom over three-fold in FY22
Total EV sales had stood at 1,68,300 units in 2019-20 fiscal, it noted. According to the Federation of Automobile Dealers Associations (FADA), electric passenger vehicle retail sales stood at 17,802 during the last fiscal, up over three-fold from 4,984 units in FY21...
Managing Risk and Capitalising Opportunities in Connected Asia: AON Report
Anne Corona,chief executive officer, Asia Pacific, Aon `As traditional industry borders fall away in 2022, ecosystems and the digital platforms that enable them will continue to influence the future of business. Having an impact in the `New Better' will no longer be...
HDFC Life,ICICI Pru Life and Max Life emerge as top Indian life insurance brands: Hansa Research
HDFC Life, ICICI Prudential and Max Life Insurance are in the top three scorers in terms of brand NPS as they have been more successful in providing faster and increased communication and post-sales customer support by adopting digital technology. This shows that...