Indian

ICICI Lombard General net profit at Rs 310 cr, up 7.1 %, in Q1 FY2020

Jul 19, 2019

Combined ratio of the company stood at 100.4 per cent in Q1 FY2020, up from 98.8 per cent in Q1 FY2019, primarily on account of long-term motor policies and losses from cyclone Fani,for which it has paid total claims of Rs 16 crore said the company.

Digital transaction volumes up 51% in 2018-19 to 3,133.5 crore, says Ravi Shankar Prasad

Jul 18, 2019

“While the volume of transactions on BHIM app has increased during the same period, its share as a percent of all transactions on BHIM UPI platform has come down due to overall growth in the digital payment transactions, emergence and growth of new payment service providers like Paytm, PhonePe, Google Tez, etc,” the minister said.

Freak weather poses new risk to India’s renewables goals

Jul 17, 2019

It’s not just unpredictable rainfall but also solar radiation in India that can no more be taken for granted. Over the last 6-8 months radiation has been lower by 4% to 6%, hurting power generation, according to Vinay Rustagi, managing director at renewable energy consultancy Bridge to India Energy Pvt.

Ebix to acquier Yatra Online for Rs 2,314 crore

Jul 17, 2019

The transaction will create India’s largest and most profitable travel services company, and a leading online travel platform poised to capture significant international growth opportunities that would also create World’s leading End-to-End Enterprise Financial and Insurance Services Provider.

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