New Delhi, Apr 4 (PTI) Public sector insurers received COVID-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday."Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged [...]
As many as 30 stockbrokers, including Modex International Securities and Karvy Stock Broking, have been expelled by the National Stock Exchange (NSE) for misusing clients' funds in the past six years. The exchange took these decisions between July 2017 and March 2022, as these brokers failed to comply with the NSE guidelines, according to an [...]
Hyderabad, Apr 4 (PTI) With WHO announcing the suspension of Covaxin supply through UN procurement agencies, Bharat Biotech sources said on Monday the pharma company has not supplied the COVID-19 vaccine to any UN agency and no impact of the suspension would be felt. So far, sources said, the firm has supplied vaccines to the [...]
New Delhi, Apr 4 (PTI) Volkswagen India on Monday said it has launched a special edition of its hatchback Polo to mark 12 years of the model in the country. The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards. With the starting of production in 2009 and its market launch in 2010, [...]
New Delhi, Apr 4 (PTI) Leisure hospitality player Sterling Holiday Resorts Ltd on Monday said it has appointed Vikram Lalvani as its new Managing Director and CEO with effect from April 1, 2022. He takes over from Ramesh Ramanathan, who continues to be the Chairman of the company, Sterling Holiday Resorts said in a statement. [...]
New Delhi, Apr 4 (PTI) HYM Drive Systems, a joint venture between Hero Motors and Yamaha Motor Co Japan, on Monday said it expects to start production of electric drive units at its facility in Ludhiana from November this year. The ground-breaking ceremony for the manufacturing facility with a capacity of 10 lakh drive units [...]
New Delhi, Apr 4 (PTI) Agritech venture capital firm Omnivore on Monday said it will raise USD 130 million (around Rs 1,000 crore) to set up its third fund.The company has launched its third fund with a target corpus of USD 130 million (Rs 1,000 crore), Omnovire said.The new fund will continue to invest in [...]
New Delhi, Apr 4 (PTI) Agritech startup Agrizy has raised USD 4 million (around Rs 30 crore) from investors including Ankur Capital to grow its business.The seed round also saw participation from Omnivore and angel investors Rajesh Yabaji (CEO, BlackBuck), Zetwerk’s Co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others."The funds raised [...]
New Delhi, Apr 4 (PTI) Automaker Renault India on Monday said it has opened 300 booking centres across the country in collaboration with CSC Grameen e-Stores, a subsidiary of CSC e-Governance Services India Ltd (CSC-SPV), in order to strengthen its presence in the smaller towns and rural areas. Through this initiative, the company and CSC [...]
Mumbai, Apr 4 (PTI) Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the [...]
