Indian
CV volumes to contract 25-28% in FY21, outlook remains negative: Icra
The outlook for the commercial vehicles (CV) sector remains ‘negative’ on the back of continuing challenges such as over-capacity, subdued freight availability, financing constraints, among others, all of which have compounded due to the pandemic, Icra said in a release.
In the previous fiscal, CV domestic volumes stood at 7,17,688 units as against an all-time high of 10,07,311 vehicles in 2018-19.
Unicorn India Ventures invests in AI driven Insuretech startup Fedo
Fedo, founded in 2017 by Prasanth Madavana and Arun Mallavarapu, is spearheading the next generation of Artificial Intelligence powered health insurance insights with partners around the globe bringing together a unique understanding of health risks and the required coverage combined with industry knowledge across three continents.
ON Singh quits Universal Sompo General Insurance Company as chairman
Finmin says no increase in service charges by any public sector bank
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