New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
New Delhi, Apr 11 (PTI) The Supreme Court on Monday stayed the insolvency appellate tribunal NCLAT order in which it had sent back the Piramal Group’s winning bid for DHFL to the debt-laden finance company's lenders for reconsidering the valuation. The National Company Law Appellate Tribunal (NCLAT), in January this year, while delivering a judgement [...]
New Delhi, Apr 11 (PTI) Epygen Biotech on Monday said it has received a funding of Rs 24 crore from the Department of Biotechnology to initiate trials for a new COVID vaccine. With an anticipated price point of less than Rs 150 per dose, this will be the first time an Indian company will be [...]
Lankan PM Mahinda Rajapaksa appeals to end anti-government protests, says every minute spent on streets deprives the country of dollar inflow. PTI CORR CPS AKJ CPS
New Delhi, Apr 11 (PTI) Capital markets regulator Sebi on Monday put in place an elaborate risk management framework for electronic gold receipts. The watchdog has issued a circular pertaining to Electronic Gold Receipts (EGRs) that covers various aspects, including margin collection, provision of early pay-in of funds for EGR, short-collection or non-collection of client [...]
Mumbai, Apr 11 (PTI) Global advisory, broking and solutions company Willis Towers Watson (WTW) on Monday said it has acquired the remaining 51 per cent shares in Willis Towers Watson India Insurance Brokers Private Limited (WTW India) following the approval of insurance regulator IRDAI. WTW, which owned 49 per cent stake in WTW India, bought [...]
The country’s largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000-crore revenue mark for the first time and recording 7.4 per cent year-on-year growth in net profit to Rs 9,926 crore. This quarterly earning helped the city-based software major -- [...]
New Delhi, Apr 11 (PTI) The CBI has questioned YES Bank founder and its former CEO and MD, Rana Kapoor in connection with alleged diversion of over Rs 466 crore in the bank during 2017-19 by Avantha group promoter Gautam Thapar, officials said.Although Kapoor is not named as an accused in the CBI FIR pertaining [...]
Kolkata, Apr 11 (PTI) Mother Dairy Fruit & Vegetable Pvt Ltd, a wholly owned subsidiary of the National Dairy Development Board (NDDB), on Monday said it is set to expand footprint in West Bengal over the next five years, augmenting manufacturing capacity of value-added dairy products and reaching out to more districts.The company’s value-added dairy [...]
New Delhi, Apr 11 (PTI) The Supreme Court Monday sought a response from the Centre on a plea seeking the endorsement of 10 years old diesel buses, which have now been converted to CNG in Bulandshahr district of Uttar Pradesh.A bench of Justices L Nageswara Rao and B R Gavai issued notice to the Ministry of [...]
Chennai, Apr 11 (PTI) A city-headquartered IT firm on Monday gifted 100 cars to as many of its employees in recognition of their constant support and 'unparalleled' contributions to the company's success and growth. Gayathri Vivekanandan, Chief Executive Officer, Ideas2IT, gifted Maruti Suzuki cars to 100 employees in the presence of Murali Vivekanandan, founder-chairman of [...]
New Delhi, Apr 11 (PTI) The Delhi High Court on Monday asked the Reserve Bank of India (RBI) to look into public interest litigation against the “fit and proper” status accorded to the promoters of Hinduja Group's IndusInd Bank. A bench headed by Acting Chief Justice Vipin Sanghi directed the RBI to treat as representation [...]
