Two-thirds of global car sales likely to be electric by 2030
Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of…
Claims settlement in PMFBY to ease with timely subsidy deposit
The Centre announced the delinking of its premium share with States’ contribution under crop insurance scheme for faster claims settlement as farmers were suffering despite paying their share of premium…
Rs. 1.78 trillion spent on rail safety in 9 yrs
Even as the Balasore train accident has brought back focus on increased spending to ensure safety related budget of the government for past nine year shows that the national transporter…
Ship carrying 3,000 cars & manned by Indian crew catches fire in N Sea
An Indian crew member was killed and 20 others were injured when a fire broke out on a cargo ship carrying nearly 3,000 cars off the coast of the Netherlands.…
Chubb eyes 49% in Kotak insurance arm
US insurer Chubb is in talks to acquire a 49% stake in Kotak General Insurance and has become a more favoured suitor than Zurich Insurance Group, two people with direct…
General insurers’ premium increases 18.3% in July
General insurance companies in India witnessed an 18.3 per cent increase in premiums in July, amounting to Rs 23,259 crore. In the first four months of the current financial year,…
ICICI Lombard gets notice for GST of Rs. 273 crore
ICICI Lombard has received a show-cause notice from the Directorate General of GST Intelligence that has demanded Rs 273 crore in taxes. The demand relates to GST on salvage and…
Kotak General Insurance ties up with Clootrack to boost customer experience
Kotak Mahindra General Insurance Company Limited has announced that it has partnered with Clootrack, a Kochi-based start-up for customer experience analytics. Clootrack’s AI-driven comprehensive intelligent customer experience analytics platform offers…
Sarnara Cap leads race for Birla’s insurance broking firm
Amazon.com Inc.’s Indian private equity partner Samara Capital has emerged as the frontrunner to buy the insurance broking unit of Aditya Birla Capital Ltd, according to sources. “Over the past…
IRDAI approval to United India on bonds may set a precedent
The insurance regulator’s approval to United India Insurance Co. to exercise the call option on its bonds despite not meeting the minimum solvency ratio will set a precedent for similar…