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Govt clears appointment of Sanjay Joshi as CMD of Oriental Insurance

Govt clears appointment of Sanjay Joshi as CMD of Oriental Insurance

by AIP Online Bureau | Jun 2, 2025 | Indian News, Non-Life

Sanjay Joshi, CMD-designate, Oriental Insurance Company Joshi, who will get a tenure till 31 Aug,2027, will take over his new charge on Tuesday New Delhi: The government on Monday has cleared the appointment of Sanjay Joshi,57, general manager, United India Insurance,...
‘Next Covid pandemic far from over’: Delhi HC seeks details on sample collection

‘Next Covid pandemic far from over’: Delhi HC seeks details on sample collection

by AIP Online Bureau | Jun 2, 2025 | Health, Indian News, Policy

“Considering that the next Covid pandemic is far from over and in fact, active, amongst the community, today, as per news reports, the vacuum, if any, of steps taken post the meeting of May 30, 2023, is a serious issue,” the judge said According to the...
India’s health insurance sector faces growth and profitability challenges: Report

India’s health insurance sector faces growth and profitability challenges: Report

by AIP Online Bureau | Jun 2, 2025 | Data, Health, Non-Life

Another concern is the rising cost of claims. The report explained that after COVID-19, there has been a shift in focus toward critical illnesses like cancer and heart conditions. This has led to higher claim frequency and severity, putting additional pressure on...
Airlines say they are studying legal options over aircraft delivery delays

Airlines say they are studying legal options over aircraft delivery delays

by AIP Online Bureau | Jun 2, 2025 | Eco/Invest/Demography, International News

Willie Walsh, Director General, IATA Airlines would resist any attempt by planemakers or other suppliers to raise their prices due to tariffs, but that there were no signs of plane prices being pushed higher so far,IATA Director General Willie Walsh The airline...
3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA

3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA

by AIP Online Bureau | Jun 2, 2025 | Health, Indian News, Non-Life, Regulation

“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
Flouting of rules by pan masala manufacturers: NGT issues notice to Centre

Flouting of rules by pan masala manufacturers: NGT issues notice to Centre

by AIP Online Bureau | Jun 2, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

A bench of NGT Chairperson Justice Prakash Shrivastava and expert member A Senthil Vel noted the submissions of the petitioner’s counsel that in October 2021, the Central Pollution Control Board (CPCB) issued certain directions to 25 such manufacturers,...

FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators

by AIP Online Bureau | Jun 2, 2025 | Data, Eco/Invest/Demography

Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said New Delhi: Foreign investors pumped in more...
LIC tops PSUs chart with record Rs 19,013 cr profit in Q4

LIC tops PSUs chart with record Rs 19,013 cr profit in Q4

by AIP Online Bureau | Jun 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

The insurance behemoth was followed by the country’s biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151...
Torrential monsoon rains kill at least 30 in Northeastern states

Torrential monsoon rains kill at least 30 in Northeastern states

by AIP Online Bureau | Jun 1, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News

Rivers swollen by the lashing rain including the mighty Brahmaputra, which rises in the Himalayas and flows through India’s northeast towards its delta in Bangladesh broke their banks across the region Guwahati: Flash floods and landslides after torrential...
Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability

Rising Resilience: With Rs154 cr net profit in Fy25,United India unveils strategies to push growth and profitability

by AIP Online Bureau | May 31, 2025 | Health, Indian News, Non-Life

“Focus is on to tapering down the loss ratios especially in Motor, Health and increase the profit element to further strengthen the balance sheet and improve the solvency.  The long-term vision is to generate surplus in core operations and maintain a...
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