ITC to enter healthcare sector
ITC Chairman Y C Deveshwar announced recently that the diversified conglomerate will enter into healthcare industry by setting up a hospital. The objective of hospitals, Deveshwar said, should not be…
NIC’s solvency ratio improved
The solvency ratio reflects a company’s finance capacity to meet its short and long term liabilities. It examines the Company’s buffer to settle all claims in extreme situations. Recently, the…
Interview with Dr.Harivansh Chaturvedi (BIMTECH)
Today, he is known all over India for his astute academic leadership in management education. A crusader for the growth of management education in India, Dr. Harivansh Chaturvedi, Director, Birla…
LIC may keep investments of above 15%
IRDA may allow LIC to maintain its stakes in about 40 entities (investment beyond 15% limit) to avoid a fire sale to comply with the regulatory limit for insurance companies,…
Cure search for Alzheimer
Columbia University in New York suggests it is still possible to recall memories because they are not completely wiped by the disease, just made harder to access. They had carried…
General Insurance Companies would require Rs. 37, 0000 crores in next 5 years.
In order to maintain solvency level of 1.65 times (regulatory requirement of 1.5 times), the general insurance sector needs approx Rs. 37,000 crores of capital in next 5 years. “Owing…
IRDA hints a cap on expense ratio
While speaking at the annual insurance summit organized by the Confederation of Indian Industry (CII), Chairman T.S. Vijayan asked insurers to start offering cost-effective insurance policies to customers.“The cost has…
Rs. 9,500 cr unspent under healthcare
The Comptroller and Auditor General have found severe deficiencies in the performance of the reproductive and child health scheme under the National Rural Health Mission. A CAG report, tabled in…
New India, SBI Life and GIC plans IPO to raise funds
The public sector companies like New India Assurance, SBI Life Insurance, General Insurance Corp. of India (GIC plans to launch their IPOs to raise funds of Rs. 70,000 crores, Rs.…