Are you really working for welfare of common man, SC asks Centre

You are constructing huge highways but people are dying there because of lack of facilities, the Supreme Court on Monday said as it pulled up the Centre over the delay in formulating a cashless......

Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

$150 Million Insurance Claims Loom After AI 171 Crash

The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of......

USTR Report Intensifies Trade Tensions With India

The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy. Kindly note the image has been posted only for......

One Reit may enter market annually for next 3-5 yrs: IRA chief

India’s real estate investment trust (Reit) sector is set for robust expansion, with at least one new Reit expected to enter the market each year over the next three-five years. Illustration:......

'Govt won't privatise GIC Re at this stage'

'Because it is the only public sector company in this sector, currently.' Illustration: Uttam Ghosh/Rediff.com Chairman and Managing Director of General Insurance Corporation of India (GIC Re)......

SBI eyes Rs 25,000 crore via record QIP, sets floor at 2.5% discount

State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP)......

AI 171 Crash: Insurance Cost: $475 Million

'$125 million for the hull and the remaining of over $350 million for liability.' IMAGE: AI 171 was seen in flames after it crashed into a medical college complex in Ahmedabad minutes after......