Indian News

Caronavirus Pandemic:General Insurers want regulatory relief for protecting their solvency margins

  Hyderabad: With  S&P BSE Sensex losing more than 10,000 points in the month of March, due to the severe global impact of the caronavirs pandemic,the General insurance Council (GI Council),the official body of the domestic general insurance industry, has written to  the insurance regulator IRDA...

IAG exits Indian market, sells 26% stake in SBI Gen for $310 mn

Non-Life       Mar 30, 2020

  Mumbai: SBI on Monday said Australia's IAG has sold its entire 26 per cent stake in the lender's general insurance joint venture SBI General Insurance Co Ltd for USD 310 million (about Rs 2,325 crore). The stake has been sold to Premji Invest and Warburg...

Govt directs banks to remain operational during 21-day lockdown: Report

  New Delhi: The government has directed all its banks to remain operational during the three-week coronavirus lockdown as part of essential services and to ensure welfare cash schemes that are part of a $22.6 billion government stimulus reach the poor.   "It is very crucial and...

Caronavirus Pandemic: Doctors fear rapid rise of Indian cases soon 

  Mumbai/New Delhi: It’s the phone calls at all hours of the night he remembers. As swine flu ravaged northern India in 2015, a radiologist working at a hospital in a Delhi suburb said people would call begging for a bed.   That outbreak ultimately infected more...

Coronavirus Pandemic: Cases rise to 1,071 in India, number of dead at 29

  New Delhi: With the states reporting over 92 new cases, the number of coronavirus cases has jumped to 1,071 in India, latest data from Health ministry showed.  As many as 100 patients have recovered while 29 have died from the disease.   On Monday, BSE flagship...

ICICI Gen and Bharat Pe partner to launch Coronavirus cover for shopkeepers

Health, Non-Life       Mar 30, 2020

  Mumbai: Amid the caronavirus pandemic, BharatPe, India’s largest merchant payment & lending network has partnered with ICICI Lombard to roll out 'COVID-19 Protection Insurance Cover' for shopkeepers.   It is a ‘first of its kind’sachet product by ICICI Lombard that will cover merchants and on a...

India toll 29, cases 1024; global deaths top 33,000

  New Delhi: With 29 deaths so far,the number of confirmed caronavirus cases in India rose to 1,024 including 48 foreign nationals on Sunday, according to the Ministry of Health and Family Welfare. Of them, 95 have been cured or discharged with one migrated case.   Total...

49-day lockdown necessary to stop coronavirus resurgence in India: Study

Two Indian-origin researchers from the University of Cambridge in the UK have come up with a new mathematical model that predicts a flat 49-day nationwide lockdown -- or sustained lockdown with periodic relaxation extending over two months -- may be necessary to prevent Covid-19 resurgence...

Coronavirus pandemic: Over 22 lakh public healthcare providers to get Rs 50 lakh insurance cover

  New Delhi: The Union Health Ministry on Saturday said 22.12 lakh public healthcare providers, including community health workers, will get Rs 50 lakh insurance cover under a national scheme for them.   They will be covered under the Pradhan Mantri Garib Kalyan Package Insurance Scheme for...