The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week. The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur's) move to acquire Religare Enterprises, a financial services company. "We have not received any formal communication on any such FIR
India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. If the government has to consider providing incentives then it will only be for all EV makers and entrants who want to come to India, the official said. The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" came to any conclusion on those.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
'Indians are basically liked because they are educated, they are intelligent.'
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
'This is not just the IREDA's IPO. It is the success of the ministry of new and renewable energy and of the renewable energy industry.'
A senior life insurance official point out there have also been cases involving former insurance agents.
Ministry of Finance, Joint Secretary -- insurance, Anoop Wadhwa, had reviewed the progress of development of micro-insurance products at a meeting in the national Capital on Tuesday.
States are now gearing up to implement the scheme, integrating it with their own public health insurance plans and tying up the loose ends.
Bharti will move FIPB soon for increasing Axa's stake to 49%
Tamil Nadu ranks lowest in terms of crop insurance penetration, which is just 3.12 per cent, as compared with 25-40 per cent in other states in the country.
Infighting between Ashok Gehlot and Sachin Pilot has been out in the open throughout the Congress term.
Rajasthan Chief Minister Ashok Gehlot submitted his resignation to Governor Kalraj Mishra Sunday evening after his Congress party was defeated in the assembly polls.
'At the policy's maturity, the total premium is refunded.'
State-owned Life Insurance Corporation of India (LIC), which completes one year of its listing on Tuesday, presents a sorry scorecard as far as its stock market performance goes. Shares of the insurance behemoth are down 40 per cent over their issue price of Rs 949 to Rs 567 apiece. The Sensex, on the other hand, has risen 14 per cent in the past one year.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
'Every hospital now tracks length of stay closely.' 'More efficiency is brought into the system now.'
At present, the Insurance Bill is under the consideration of Select Committee of Parliament.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
The poll panel has asked state Congress chief Govind Singh Dotasra to respond to the notices by 3 pm on Thursday and 7 pm on Friday, respectively.
Insurance policies stipulate a time frame for lodging a claim after the incident of loss.
...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.
Shares of Life Insurance Corporation (LIC) of India hit fresh record lows amid sustained decline in Adani Group stocks. Its stock finished at Rs 567.8, down 2.9 per cent over its previous close. The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels.
While there is more than one irritant that the bank and the insurer are trying to sort out, sources close to the development said the biggest roadblock is the rights that IAG will enjoy if the proposed venture gets a go-ahead from the SBI board. The issues are likely to be discussed at the board's meeting on Friday.
A consumer court has ruled that the insurance companies are not allowed to re-assess the market value of an insured vehicle, once a policy for a specific amount is issued against the requisite payment.
Threats from IS militants, the Syrian conflict and the migrant crisis in Europe are some of the recent risks that have companies worried, says M Saraswathy.
Insurers have eased the documentation process to file claims so that they can be settled faster
State Farm Insurance, a Fortune 500 US company, which last week terminated its existing contracts with the scam-tainted Satyam Computer, has now started transferring its projects to other IT vendors, including those from India.
In the months of May, June and July, state and district level conventions of the SKM shall be held in every state/UT to galvanise and organise farmers and farm workers, it said.
The Labour and Employment Ministry has requested the Finance Ministry to keep Employee State Insurance and Employee State Insurance schemes out of the ambit of service tax as they are social security schemes.
The Bihar Police has decided to provide group insurance cover to more than 44,000 policemen deployed in sixteen Maoist-affected districts in the state, officials said on Monday.
The party also promised reservation to minorities on basis of their population after the caste census.
Insurance penetration in India at 3.9%, below world average.
India's total number of active COVID-19 cases has reached 1,64,511, which comprises 1.48 per cent of the country's total infections, the Union health ministry said on Sunday highlighting six states that have shown a surge in new cases in a span of 24 hours.
China is also providing supertankers and insurance coverage to move Russian Urals crude to PRC ports, as Moscow seeks vessels for exports after a G-7 oil price cap restricted the use of Western cargo services and insurance.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
