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Domestic passenger vehicle sales down 6.2% in Jan; car sales slide 8%: SIAM
Car sales last month were also down 8.1 per cent at 1,64,793 units as against 1,79,324 units in the January last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).Motorcycle sales last month declined by 15.17 per cent to 8,71,886 units from 10,27,766 units a year earlier,
New India Assurance bounces back to profitability, net profit at Rs 483 cr in Q3Fy 2019-20
“The company has reported encouraging results for the quarter despite a challenging macro environment. While the reporting quarter did not witness any major Cat losses, the crop segment was adversely affected due to unseasonal rains across the country,” said Atul Sahai, chairman cum managing director, NIA. .
IPO bound LIC to start valuation exercise soon, assets increases by 8% to Rs 32,25,905 cr till Jan end
On the proposed initial public offer (IPO) , MR Kumar said that, there are lot of figures floating around the market capitalization and size of IPO. “We have not done the maths. Unless we do our internal discussion and maths, I dont think we would be able to answer that today. Valuations has to be reasonably, scientifically and lot of work has to be done,”he said.
IRDAI to expand its regulatory Sandbox project soon:Khuntia
“ We in Irdai have already allowed a regulatory sandbox regime because we do not know whether the (existing) regulations will be adequate for the new processes that these technologies will need.This is an experiment we we’ll allow for six months and up to one year.If we find that these are old processes which will help transactions and make life easier for the insurer as well as the insured without compromising on the policy holders protection, we will think of tweaking the regulations to make it happen.”
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