Photo: Wikimedia Commons

Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore

The Directorate General of GST Intelligence had in 2022 detected Rs 824-crore tax evasion by insurance companies

Insurance

Officials said further investigation revealed that other insurance companies and NBFCs also exploited a similar route to avail of ineligible ITC

IRDAI

The firm did not have a valid registration with the insurance regulator

insurance

Insured property should not remain unoccupied for a period exceeding 15 days or 30 days, policy coverage rule say

Life Insurance

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Technology

The challenge for everyone is how to fend off competition from insurance companies and the sweep of technology, making their business models irrelevant

There is a provision for porting your existing health policy to another insurer, keeping the continuity benefits

Brand World

Humour, straight talk and pithy messages power the advertising pitch as insurance brands look to engage with the millennial buyer

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Manipur Chief Minister N Biren Singh Saturday iterated that security personnel involved in the "excessive use of force" against students during a crackdown on a protest rally here in connection with the alleged killing of two students will be punished.
He appealed to the people to remain united, maintain calm and collectively fight the enemies of the state, which has witnessed ethnic violence.
Expressing shock over the incident in Imphal area which more than 100 students were injured in clashes with security forces on Tuesday and Wednesday this week, Singh, who was speaking at the sidelines of a programe here, said "I am really shocked at the excessive use of force ... at what was done to the children. Ministers of the state have personally met the injured students."
Inquiry is on into the serious injury to the students. "Those responsible for the extreme injuries will be arrested and be dealt with legally," the chief minister said.
Two students were seriously injured in the clash 

Manipur police, police

Uttarakhand Chief Minister Pushkar Singh Dhami returned here on Saturday from his five-day UK visit and said the push to investments in the state will create fresh employment opportunities for the local youth.
"We inked MoUs for investments worth more than Rs 12,500 crore with international firms during the visit. A large number of investors, which also include NRIs, are keen to invest in the state. Many of them are coming to attend the Global Investors Summit being held in December," Dhami told reporters soon after his arrival at Bannu School ground in race course area here.
"It is all very exciting for us. The coming of more investors to the state will create fresh employment opportunities for the local youth. It will also help double the state's GDP in the coming years," Dhami said.
The chief minister was accorded a welcome by cabinet ministers Satpal Maharaj, Subodh Uniyal, Ganesh Joshi, Rekha Arya and Pradesh BJP president Mahendra Bhatt.
Dhami had left for his UK tour on ...

Uttarakhand Chief Minister Pushkar Singh Dhami

The diagnostics giant partners with ICICI Securities, Axis Capital, and Citigroup for public offering, aiming to sell equity shares held by key investors

Union Home Minister Amit Shah on Saturday said that Prime Minister Narendra Modi took the country forward on the path of progress in the last two months

Amit Shah

The Union government gave a nine-month extension in service "on contract basis" to CBDT Chairperson Nitin Gupta on Saturday, the day of his scheduled retirement.
Gupta (60), a 1986-batch Indian Revenue Service (IRS) officer of the Income-tax department, was appointed the Central Board of Direct Taxes (CBDT) head in June last year.
He was scheduled to retire on September 30.
The government order said the Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Gupta as the CBDT Chairman on a contract basis, with effect from 1.10.2023 till 30.06.2024, or until further orders, whichever is earlier, in relaxation of the recruitment rules, on usual terms and conditions applicable to re-employed central government officers.
The CBDT is the apex policy-making body for the Income-tax department. It is headed by a chairman and can have six members who are in the rank of special secretary.

Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT)

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

With Chromebook Plus, Google promises doubles down on the performance and introduces artificial intelligence capabilities

Google, Chromebook, Google chromebook plus, chrome book plus, chromebook laptops, chromebook plus laptop

World champion Lovlina Borgohain (75kg) locked an Olympic quota for herself by moving to the final while young Indian boxer Preeti Pawar (54kg) signed off with a bronze medal at the Asian Games here on Tuesday.
Borgohain, the Tokyo Olympic bronze medallist, cleverly managed her bout against Asian Championship silver medallist Baison Manikon of Thailand to take a unanimous decision win and book her ticket for next year's Paris Games
Preeti, on the other hand, put up a good show but lost 0-5 to reigning flyweight champion China's Chang Yuan. She has already secured an Olympic quota.
Both Southpaw boxers showcased their high skill and ring IQs in the opening three minutes. While Preeti looked to poke and peck with a right hook, the Chinese kept landing right hooks.
At one point, the 19-year-old Indian landed a double  jab, followed by two right hooks and two body shots to score crucial points. But Chang replied aggressively with a right cross and a flurry of jabs.
The Chinese boxer w

Lovlina Borgohain, who secured a bronze, in her semi-final bout against Busenaz Surmeneli of Turkey.

Lovlina Borgohain

Yashasvi Jaiswal smashed a blazing hundred to lead India to Asian Games semifinals but cricketers from Nepal showed a lot of promise by putting up a fearless fight in their 23-run defeat here on Tuesday.
Jaiswal, Indian cricket's new pin-up boy, earned the distinction of being the youngest T20I centurion from the country en route his 49-ball-100 that took India to a healthy 202 for 4.
The men from the Himalayan nation made a match of it but lack of experience became their undoing as their innings ended at 179 for 9, ensuring a last four spot for Ruturaj Gaikwad's men.
No praise would be enough for the Monty Desai-coached Nepalese side as the smaller ground dimensions helped them embarrass two Indian pacers Arshdeep Singh (2/43) and Avesh Khan (3/32), who gave away 75 runs in their 8 overs.
There is one piece of statistics that will certainly annoy head coach VVS Laxman. India, in all, hit 12 sixes but Nepal batters surpassed them with 14 maximums.
India skipper Ruturaj Gaikwad ...

Yashasvi Jaiswal and Shubman Gill  take India to victory in the fourth T20 vs West Indies. Photo: BCCI

Yashasvi Jaiswal and Shubman Gill

Two Indian pairs advanced to the quarterfinals of the mixed doubles squash competition with dominant wins over their respective opponents in the pool matches at the Asian Games, here on Tuesday.
In a Pool A match, Dipika Pallikal and Harinder Pal Singh Sidhu breezed past Japan's Risa Sugimoto and Tomotaka Endo 2-0 (11-5 11-5), while Anahat Singh teamed up with Abhay Singh to beat Hong Kong's Tsz Wing Tong and Ming Hong Tang in 2-0 (11-10 11-8) in Pool D.
In the quarterfinals later in the day, the pair of Dipika and Harinder will be up against Jemyca Aribado and Andrew Garica of Philippines.
The other Indian duo of Anahat and Abhay will play South Korean combination of Yang Yeonsoo and Lee Dongjun.
Later in the day, veteran Sourav Ghosal and Tanvi Khanna will be in action in their respective singles quarterfinals.
While Sourav will face Japan's Tsukue Ryunosuke in the men's last-eight round, Tanvi will play another Japanese in Satomi Watanabe in women's singles event.

India women squash team

IRCTC launched a three-night and four-day package for devotees who want to visit Shirdi Sai Baba. Here's everything you need to know about IRCTC Chennai-Shirdi package

Insurance brands

Reliance General Insurance seeks a capital infusion of Rs 600 crore

Bogus GST invoices row: Prosecution starts against e-insurance intermediary

ICICI Pru, 14 insurance firms evaded Rs 824 crore input tax credit

Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary

Insurance brokers call for securing coverage of properties in lockdown

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

Insurance brokers battle for survival as they lag behind in the tech race

Policy porting to overseas health cover, answers to your insurance queries

Digital push: Insurance brands look to engage with the millennial buyer