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Here is a masonry blog layout with no sidebarLIC gets RBI approval to raise holding in IndusInd Bank to 9.99%
The country's largest insurer Life Insurance Corporation of India (LIC) has got approval from the Reserve Bank of India (RBI) to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent. The central bank's approval is valid...
Passenger vehicles sales dip 19 pc in Nov as chip shortage woes continue: SIAM
''Industry continues to face headwinds due to global semi-conductor shortage. In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles, the lowest in...
Employability improves in 2021 led by IT, education, fin services: Report
The report found that the demand for qualified and skilled professionals will be driven by sectors including IT/ITES, Pharmaceutical, E-Commerce and BFSI. The hiring in these sectors is expected to increase by 20 per cent for freshers in 2022 compared to 2021. Mumbai:...
Jhunjhunwala-backed Star Health shares recover after muted debut; settle with marginal gain
"Considering the undersubscription of the issue, the flat listing of Star Health was expected. The financial performance was impacted in FY21, but long-term growth prospects of the industry remain quite promising," said Ajit Mishra, vice-president, research, Religare...
Bird flu cases detected in Kerala’s Alappuzha
The District Administration banned the use and sale of eggs, meat and manure of ducks, chickens, quails and domestic birds in the affected areas. This restriction will be applicable in Champakulam, Nedumudi, Muttar, Viyapuram, Karuvatta, Thrikkunnapuzha, Thakazhi,...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
More companies in Asia seek carbon offsets after COP26 -industry exec
The hard-fought Glasgow Climate Pact sent a clear message to global companies to reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses As a result, there is a growing demand for carbon offset instruments, such as renewable...
Imports made up 86 pc of India’s gold supply between 2016-2020; will be stronger in 2022: WGC
Bullion banking is a catalyst for change in India's gold market landscape, the report opined.It said India's gold market faces multiple challenges, such as a lack of quality assurance, the unorganised state of the market and a lack of trust in international markets...
How will the world decide when the pandemic is over?
"It's somewhat a subjective judgment because it's not just about the number of cases. It's about severity and it's about impact," says Michael Ryan, the World Health Organization's emergencies chief. How will the world decide when the pandemic is over? There's no...
International flights suspended till Jan 31 over Omicron scare
Amid the alarm over the new Omicron variant of coronavirus. scheduled international flights will remain suspended till January 31 of the next year. However, the circular issued by the Directorate General of Civil Aviation on Thursday has clarified that this...
Pandemic-hit 2021 sees top cos’ valuation rise 68 pc
From a sectoral perspective, financial services leads with 77 names in the list, followed by healthcare at 64 Mumbai Top Indian companies by valuation saw their networth rise by 68 per cent this year despite the pandemic, which has otherwise had a disastrous impact on...
Equity MF inflows surge to 4-month high in Nov on strong SIP book
Overall, the mutual fund industry registered net inflows of Rs 46,165 crore in November as compared to Rs 38,275 crore in October. The inflow pushed the assets under management (AUM) of the industry to an all-time high of Rs 38.45 lakh crore at November-end, from Rs...
Covid-19 disrupted critical mental health services in 93% countries
Worldwide, more than 13 per cent of adolescents aged 10 to 19 are affected by deteriorating mental health. UNICEF reported that by October 2020, critical mental health services in 93 per cent of countries were disrupted or halted due to coronavirus spread....
WHO panel outlines recommendations for Covid-19 booster shots
The World Health Organization's (WHO) vaccine advisory panel recommends that people who are immunocompromised or received an inactivated vaccine should receive a booster dose of a COVID-19 shot, it said on Thursday. Many countries have been rolling out booster shots,...
Kotak General Insurance partners Vasai Vikas Sahakari Bank to offer insurance solutions
Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Vasai Vikas Sahakari Bank Ltd. (Scheduled Bank) today announced a strategic alliance to provide the bank’s customers access to a range of insurance solutions. Under this agreement, Vasai...
ICICI Lombard-MedPay Connected Care Network for cashless OPD service
ICICI Lombard policyholders can now avail cashless OPD solutions at their neighborhood clinic, pharmacy or diagnostic centre through MedPay’s Connected Care Network (Medpay CCN).Additionally, through this partnership, stand-alone pharmacies will also be a part of the...
Paytm Payments Bank receives Scheduled Bank status from RBI
Paytm Payments Bank Limited today announced that it has been included in the Second Schedule to the Reserve Bank of India Act, 1934. Being a Scheduled Payments Bank, Paytm Payments Bank can now explore new business opportunities. The bank can participate in government...
AM Best Maintains Negative Outlook on China’s Non-Life Insurance Industry
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...