Indian News

SBI Life's Roop Kumar to chair RIMS India Regional Advisory Group

Non-Life, Risk Management       Nov 18, 2019

  NEW YORK: US based ``The Risk and Insurance Management Society, Inc (RIMS)'' announced the appointment of N.K.V. Roop Kumar,EVP & Chief of Risk, Info & Cyber Security Management of SBI Life Insurance Company, as chair of RIMS Regional Advisory Group in India.   RIMS Regional Advisory...

Finance panel may reject Rs 835-bn package to help fight air pollution

Eco/Invest/Demography, Health       Nov 19, 2019

  New Delhi:  The Finance Commission has told the power ministry that its proposal to award utilities Rs 835 billion ($11.6 billion) in incentives to install equipment to curb emissions is "unviable," a senior official at the ministry told Reuters on Tuesday.   The ministry submitted its...

Employment growth has slowed in last two years: CARE Ratings study

Eco/Invest/Demography, Risk Management       Nov 19, 2019

  Mumbai: The employment growth in the country has slowed down in the last two years, to 3.9 per cent in 2017-18 and 2.8 per cent in 2018-19 as the core industries have witnessed virtually, a negative growth in hiring, according to a study.   "In terms...

PSBs reported frauds of over Rs 95,760 crore in six months: FM Sitharaman

  New Delhi: India's state-run banks reported fraud worth Rs 95,760 crore ($13.34 billion) in the first six months of the fiscal year 2019/20 ending in March, finance minister told lawmakers on Tuesday.   The number of fraud cases touched 5,743 during April-Sept. period.   "Government has taken...

Passengers flying to Delhi from four cities to get pollution masks: AirAsia India

Eco/Invest/Demography, Health       Nov 19, 2019

  New Delhi: AirAsia India on November 19 said it is entering into a partnership with health technology start-up Mfine to provide pollution masks to its passengers taking flights to Delhi from Bengaluru, Hyderabad, Mumbai and Kolkata.   The initiative is being taken in view of high...

Passenger vehicle October retail sales up 11% on festive demand: Report

Eco/Invest/Demography, Non-Life       Nov 19, 2019

  New Delhi: Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month.   According to Federation of Automobile Dealers Associations (FADA), passenger...

NITI Aayog considering Healthcare System for middle class

Eco/Invest/Demography, Health       Nov 18, 2019

NEW DELHI: NITI Aayog is considering building up a healthcare system for the middle class which is still not covered under any public healthcare system, the government think-tank said on Monday.   The healthcare system would exclude those covered under the newly-launched Ayushman Bharat scheme that...

Broking houses downgrade stocks of GIC Re & New India Assurance

Non-Life, Reinsurance       Nov 18, 2019

  Mumbai:  The share prices of GIC Re and New India Assurance(NIA) fell on Monday after their stocks were downraded by HDFC Securities and HSBC securities respectively. Shares of GIC Re fell over 5 percent on Monday and closed at Rs 245 after HSBC Securities downgraded...

India leads mobile ad fraud in Asia, blockchain can help fix issues: Report

Eco/Invest/Demography, Risk Management       Nov 18, 2019

India is leading mobile ad fraud in Asia with a rate of 62 per cent as marketers are spending nearly 20 per cent of their advertising budget on ad fraud, a new report said on Monday.   Nine out of 10 marketers said there is scope...

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