ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
The phenomenon of fog is largely Delhi-centric. 'Airlines may think that we only have conditions of extreme fog on a few days every year, and spending a pilot's time and the airline's money on training can add up to its expenses.' 'So, they may prefer holding it for a few days.'
Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.
Russian President Vladimir Putin and North Korean Dictator Kim Jong Un met at a remote space centre in Russia's Far East region Amur on Wednesday, September 13, 2023.
SL all-rounder Wanindu Hasaranga retires from Test cricket
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
Neha Dhupia, Ajay Devgn, Rakul Singh, Kartik Aaryan, Kiara Advani, Esha Gupta are among the film folk Pradeep Bandekar glimpses on Monday.
'Hope is about being more accepting of each other, the kind of solidarity and friendship that even our families may not be able to give.'
For India, it is a symbol of will and a successful feat of arms.
The biennial tri-services exercise, Bright-Star, is taking place at Cairo (West) Air Base and it is being participated by militaries of the US, Saudi Arabia, Greece and Qatar besides of the host country and India, officials said.
'In 1984, Pyongyang just had one hotel and one could not move out without an official escort.' 'India was the only country with an embassy, apart from the socialist countries.'
Glimpses from the military parade to mark the 75th anniversary of North Korea's army at Kim Il Sung Square in Pyongyang.
But the industry's chief executives remain confident of the long-term growth potential of NBFCs in India, given their specialised lending on the asset side, last-mile reach, and a well-capitalised balance sheet. "Over the years, NBFCs have faced many crises.
They share their excitement :)
Rediff readers share their best monsoon memories.
'The othering of religious groups inevitably leads to violence.' 'It is sadly a narrative that has echoed through the centuries since man first discovered God.'
Growing up in the Mumbai of 1970s, Uday Kotak aspired to be a cricketer and trained under legendary coach Ramakant Aachrekar. However, it was an on-field injury which resulted in a shift to finance. He started off with bill discounting, turned to lending and successfully applied to start a universal bank in the first decade of the millennium, as India was warming up to private play in banking.
Banks are gaining market share at the expense of non-bank lenders such as housing finance companies, retail lenders, and those giving gold loans. There has been a steady decline in the market share of non-banking financial companies (NBFCs) in the credit market as banks have stepped up lending. NBFCs' share declined to a five-year low of 19.8 per cent in the first half of FY23, down from 20.3 per cent in H1FY22, and an all-time high of 23.1 per cent in H1FY19.
Several aircraft such as Light Combat Aircraft (LCA) Tejas, Sukhoi, Jaguar, Rafale, IL-76, C-130J, and Hawk displayed their skillful manoeuvres, amid a thundering applause from the gathering.
All equipment from the Army which were part of the Republic Day celebrations are made-in-India, Chief of Staff Delhi Area Maj Gen Bhavnish Kumar had earlier said.
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
'I haven't learnt singing professionally, but Indian Idol is my dream.'
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.
Look who Photographer Pradeep Bandekar spotted on Monday.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Katrina's in New York... Ishaan's in France... Helen and Bindu's rare appearance...
Here's what you need to know about the opening ceremony of the Nov. 20-Dec. 18 World Cup in Qatar
As Prime Minister Narendra Damodardas Modi, United States President Joe Biden, Japanese Prime Minister Kishida Fumio and Australian Prime Minister Anthony Albanese met at the Kantei palace in Tokyo on Tuesday, May 24, 2022, to give the Quad a boost, Chinese and Russian warplanes on Tuesday conducted joint air patrols over the Sea of Japan, the East China Sea and the West Pacific Ocean.
As part of the operation, C-17 and IL-76 aircraft of the IAF airlifted two empty cryogenic oxygen containers and one IL-76 aircraft airlifted one empty container to Panagarhon Thursday, said the IAF.
This move was triggered by a whistleblower complaint sent to Sebi against senior management interference in ensuring good ratings specifically in IL&FS and its subsidiaries.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Preity meets Chris Gayle... The moods of Soha-Kunal... 25 years of Border...
A week before the launch of the 10th season of Jhalak Dikhhla Jaa, its makers threw a grand party for the contestants and star judges.
Kiara has breakfast on a flight... Ayushmann makes an announcement... Vidya starts shooting...
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Take a look at some gorgeous pics of the venue.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
