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Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy
"LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI New Delhi: The government will list the country's largest...
Early signs of Covid cases plateauing reported but need to be observed, says govt
Addressing a press conference here, Lav Agarwal, the joint secretary in the Health Ministry, said, "Early indication of a plateau in cases are being reported in certain geographies. The trend needs to be observed and required precautions need to be continued." "Top 10...
Today only 18% of insurers are able to optimize data use for competitive advantage: Capgemini
Insurers with non-traditional, real-time data sources such as telematics, wearables and social media data will be able to meet rising customer expectations of convenience, customized advice, and dynamic pricing, and compete with InsurTech companies that are able to...
Regular market approval granted for Covishield, Covaxin for use in adult population
Under the conditions, the firms shall submit data of ongoing clinical trials and the vaccines to be supplied for programmatic setting. Adverse event following immunisation will continue to be monitored New Delhi:India's drug regulator on Thursday granted regular...
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
Insurance payments to farmers due to drought rose more than 400% between 1995 and 2020 to $1.65 billion, while payments due to excess moisture – like floods - rose nearly 300% to $2.61 billion, according to the nonprofit environmental group, which examined publicly...
India logs 2,86,384 new COVID-19 cases in last 24 hours
Under the ongoing nationwide COVID-19 vaccination drive, over 163.84 crore vaccine doses have been administered so far New Delhi: India logged 2,86,384 new COVID-19 cases and 573 deaths in the last 24 hours, stated the Ministry of Health and Family Welfare on...
Equity indices open in red, Sensex down by 1020 points
Indian shares slid about 1.5% on Thursday, in line with weakness in broader Asia, as the U.S. Federal Reserve's signal to steadily tighten policy soured global investor sentiment The fall in Dalal Street wiped off nearly Rs 4 trillion worth of investor wealth in early...
Generali takes controlling stakes in Indian insurance JVs,Future Group to to exit insurance business
Generali will raise its stake to around 74 per cent in Future Generali India Insurance Company and 68 per cent in Future Generali India Life Insurance Company Generali to acquire from Future Enterprises Limited 25 per cent of the shares of Future Generali India...
Fed likely to hike rates in March as Powell vows sustained inflation fight
U.S. central bank chief Jerome Powell "The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so," Powell said in a news conference, pinning down a policy statement from the central bank's...
AllianzGI sets up unit to invest in ESG compliant companies
AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement. Asset manager Allianz Global Investors, part of German...
Nepal’s population witnesses lowest growth in 80 years: reports
''Nepal’s population has reached 29,192,480. The main reason behind the slowest growth in population appears to be outward migration of Nepalis for jobs and studies,'' Hem Raj Regmi, the deputy director-general of the bureau, was quoted as saying in the report...
Mumbai: FIR against Google CEO, others in copyright `violation’ case
Film director and producer Suneel Darshan had approached the court seeking registration of a case against Google and its top officials over alleged copyright infringement, he said, without giving more information about the nature of the copyright violation. Mumbai: A...
Madras HC orders probe on enmasse withdrawal of accident claims cases
''In view of the seriousness of the allegations made in the present case to the effect that a total of Rs 11.70 crore was claimed in 84 cases filed based on fabricated/false medical/hospital records and a complaint was also made by the hospital to the Hosur police in...
Government likely to hand over Air India to Tata group on Thursday
Meanwhile, two airline pilot unions - Indian Pilots' Guild (IPG) and Indian Commercial Pilots' Association (ICPA) - on Monday warned Air India's CMD Vikram Dev Dutt of legal action as "multiple deductions and recoveries have been projected" on the dues owed to pilots...
‘Each dose of Covishield, Covaxin may cost Rs 275 after regular market nod’
As of now, Covaxin is priced at Rs 1,200 per dose while Covishield costs Rs 780 in private facilities. The prices include Rs 150 service charge. Both the vaccines are only authorised for emergency use in the country New Delhi: The price of Covishield and Covaxin, the...
India ranks 85 in corruption perception index, concern over country’s democratic status: Transparency International report
India's rank improved by one place to 85 in 2021 from 86th in 2020, according to the index. Except Bhutan, all of India's neighbours are ranked below it. Pakistan dropped 16 spots in the index and was ranked at 140 India's rank improved one place to 85 among 180...
U.S. Labor Dept withdrawing COVID vaccine rule for large employers
President Joe Biden unveiled in September several regulations aimed at increasing the U.S. adult vaccination rate, which currently stands at about 74%, according to government data, among the lowest for developed nations. The rules sparked legal challenges by...
Budget 2022: Insurers urge higher 80 C investment limit; cut in GST on health products
"The industry has long pending expectations from the policy makers for incentivizing people to get life insurance by giving a separate deduction limit of minimum Rs 1 lakh for insurance premium payment under Section 80C," Tarun Rustagi Chief Financial Officer Canara...