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Here is a masonry blog layout with no sidebarCurious case of IRDAI allowing Share Premium as equity capital for ITI Re
"By no stretch of imagination that the share premium amount be taken into account as part of the minimum paid up capital requirement of an insurance or reinsurance company either under the Insurance Act or the Companies Act," D Varadarajan, a Supreme Court lawyer...
Norway wealth fund will pressure, not divest from high gas emitters
It will however be an "active shareholder" in such companies by pushing them to make the transition to net zero emissions, and divest from them if it believes their business models are not sustainable, the deputy head of the central bank - which is in charge of the...
Niva Bupa aims to achieve Rs 5,000 cr GWP; to expand footprint by FY23-24
Niva Bupa has presence in 350 cities across the country which would further increase to over 600 cities by FY23-24. The company aims to achieve Rs 5,000 crore GWP by FY23-24 In the southern market, the brand recorded a a steady growth by registering 84 per cent in...
Sebi issues framework on fees for investment advisory services for accredited investors
In case of large value accredited investors, the quantum and manner of exit load applicable to the client of the portfolio manager will be governed through bilaterally negotiated contractual terms, Sebi said in a separate circular Mumbai: Capital markets regulator...
Samosa most binged Indian snack of 2021; biryani top dish: Swiggy report
When it came to India's top dishes in 2021, the StatEATstics report found biryani to be the undisputed dish, topping the charts for the sixth year in a row The humble samosa is India's ''most binged snack'' of 2021 with about 50 lakh orders, topping the list of the...
India’s cybersecurity services and product industry revenue at USD 9.85 bn in 2021: Report
“India's cybersecurity industry was at the forefront supporting Government and all critical sectors to manage the heightened cyber security risk in the last two years through the pandemic,'' Ministry of Electronics and IT (MeitY) Secretary Ajay Sawhney said New Delhi:...
Center tells states to be on the alert as Omicron cases double
Health Secretary Rajesh Bhushan mentioned that initial evidence shows that Omicron is at least three times more transmissible than the Delta variant. Kindly activate the War rooms/EOCs (Emergency Operation Centre) and keep analysing all trends and surges, no matter...
COVID-19 to reduce UK life expectancy by 9 Months:Royal Bank of Canada analysts
The increased mortality will allow the life insurers to release more funds that have been set aside in reserves, boosting operating profit by 7.4 billion pounds ($9.8 billion), or 16%, each year for the next five years, RBC said. The coronavirus pandemic is seen...
Fire at IOCL’s Haldia Refinery kills three, injures several
''The primary cause seems to be a flash fire leading to burn injuries to 44 persons and 3 persons have unfortunately succumbed to their injuries,'' it said. Three persons were killed and 44 others suffered injuries in a fire that broke out in the Haldia Refinery of...
EU sets binding 9-month validity of vaccinations for COVID-19 travel pass
After a booster shot, the validity of the COVID-19 pass will be extended further without a set limit, because at the moment there is not enough information about the duration of protection from boosters, an EU official said The European Commission on Tuesday adopted...
Mahindra group signs pact with Maha govt to set up vehicle-scrapping units
"Cero aims to create a network of world-class facilities across Maharashtra and India. Our centres will provide a platform for customers to scrap their vehicles in environment friendly manner and avail the benefits on purchase of newer vehicles which will be linked to...
No evidence to suggest that existing vaccines don’t work on Omicron: Govt
"There are limited available data, and no peer-reviewed evidence, on vaccine efficacy or effectiveness to date for Omicron," Union Health Minister Mansukh Mandaviya said in a written reply New Delhi:There is no evidence to suggest that existing vaccines do not work on...
No Cabinet decision on privatisation of two PSBs: FM Sitharaman
In the Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in the year and approval of a policy of strategic disinvestment of public sector enterprises, Finance Minister Nirmala Sitharaman said in a written...
Axis Bank emerges as highest bidder for Citi consumer biz
The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...
Smaller cities and 30 plus investors drive the SIP growth story in the country
The report shows that India’s smaller cities are now leading the charge with 64% contribution of SIP inflows coming outside of top 10 cities that include metros and big business hubs like Bangalore and Hyderabad in 2021. There has been a gradual increase in SIP...
RS Filmcraft infuses Rs 5 cr in Go Digit General Insurance
RS Filmcraft (OPC) has invested Rs 50 million in Go Digit General Insurance, the insurer said in a release. Bengaluru-headquartered Go Digit has raised funding amounting to around Rs 990 crore from its parent company Go Digit Infoworks Services Pvt Ltd, backed by...
Qatar Airways takes Airbus to court in A350 jet safety dispute
The row widened this month when documents seen by Reuters revealed at least five other airlines located in varying climates had complained about paint or other surface problems since 2016. Airbus has until recently maintained the problem was focused on paint on...
Omicron’s global spread prompts renewed lockdowns, delayed reopenings
The Omicron variant was first detected last month in southern Africa and Hong Kong and so far has been reported in at least 89 countries More than 274 million people have been reported to be infected by the coronavirus globally since the pandemic began and more than...