Odisha train disaster: Disabled passengers/legal heirs/nominees can claim Rs 10 lakh insurance, insurers silent
By Venkatachari Jagannathan
Chennai, June 4 (IANS) While government-owned Life Insurance Corporation of India (LIC) has announced relaxation in the documents to be filed by the nominee/legal heirs of train accident victims, no such public announcements have been made by the two private general insurers who have covered the passengers of the two express trains that met with an accident in Odisha.
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National IANS Special Se 04:44 PMGovt engaging with Vedanta to facilitate its residual stake sale in BALCO
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Business Opinion/Comment 03:08 PMMarket momentum signal possibility of new highs this week
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Marketing tech firm ZoomInfo to lay off 3% of workforce
San Francisco, June 4 (IANS) US-based marketing technology company ZoomInfo has said that it plans to lay off about 3 per cent of its workforce globally, joining several other technology companies that have cut jobs recently.
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Apple may provide hands-on demos of AR/VR headset at WWDC
San Francisco, June 4 (IANS) Apple is reportedly planning to provide some developers and attendees with an opportunity to try out the new AR/VR headset (mixed reality) at its Worldwide Developers Conference (WWDC) 2023.
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Less than 1 in 3 startups that attract seed funding manage to raise follow-on funding
Business 10:32 PMNew Delhi, June 3 (IANS) Less than one in three startups that attract seed funding manage to raise follow-on funding in the form of a 'Series A' round, a study by Venture Intelligence shows.
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Now Indian girls aspire to build world-class apps, solve problems (Lead)
By Nishant Arora
New Delhi, June 3 (IANS) For Aradhya Awasthi, a class 6th student in Delhi-NCR, coding is being creative, having fun and learning to be innovative. For Tanmit Kaur, who is in class 9th, learning coding helps open new career avenues and create solutions to solve real-life problems.
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All new Model 3 cars qualify for $7,500 EV tax credit in US: Tesla
San Francisco, June 3 (IANS) Electric car-maker Tesla has announced that every new Model 3 vehicle now qualifies for $7,500 EV tax credit in the US.
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Experience Apple like never before: Bengaluru gets Grand Imagine Store at Nexus Koramangala Mall
Business 02:52 PMBengaluru, June 3 (IANS) Imagine, India's leading Apple retailer, is excited to announce the grand opening of its new store at Nexus Koramangala Mall in Bengaluru.
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FPIs invest Rs 43,838 crore in India in May
Business 01:40 PMNew Delhi, June 3 (IANS) Foreign portfolio investors (FPI) invested Rs 43,838 crore in the Indian stock markets in May.
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RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist
Business 01:12 PMChennai, June 3 (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda.
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Indian girls jump on the global coding bandwagon in ChatGPT era
By Nishant Arora
New Delhi, June 3 (IANS) For Aradhya Awasthi, a class 6th student in Delhi-NCR, coding is being creative, having fun and learning to be innovative. For Tanmit Kaur, who is in class 9th, learning coding helps open new career avenues and create solutions to solve real-life problems.
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Wall Street cashing in on the ultra-wealthy
Business 11:10 AMNew York, June 3 (IANS) Concerns of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of profound economic uncertainty, the media reported.
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Myntra's 18th edition of EORS is live: Grab irresistible offers by top brands across 20 lakh products
Bengaluru, June 3 (IANS) The most-awaited fashion carnival of the year, Myntra's End of Reason Sale (EORS-18), is live with more than 20 lakh fashion, beauty and lifestyle products from over 6,000 leading international, domestic and D2C brands.
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Manohar International Airport to handle cargo operations
Panaji, June 2 (IANS) Goa Chief Minister Pramod Sawant on Friday assured that cargo operations would start soon at the Manohar International Airport at Mopa in the state.
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Fit and Proper criteria applicable for IRDAI-appointed Administrator for Sahara India Life too: SC Advocate
By Venkatachari Jagannathan
Chennai, June 2 (IANS) While the Insurance Regulatory and Development Authority of India (IRDAI) has classified the promoters of Sahara India Life Insurance Company Ltd as "not fit and proper", the same criteria hold good for the Administrator appointed by the regulator couple of years back for company, said a Supreme Court advocate.
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Not a merger, only acquisition of life insurance assets/liabilities of Sahara India Life: SBI Life
Business 10:28 PMChennai, June 2 (IANS) It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, SBI Life Insurance said on Friday.
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Centre imposes limit on tur, urad dal stocks of wholesalers, big chain retailers
New Delhi, June 2 (IANS) The Centre on Friday imposed stock limits on tur and urad dal applicable to wholesalers, retailers, big chain retailers, millers, and importers in order to prevent hoarding, control price rise and unscrupulous speculation.
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CBI case against IL&FS Transportation Network Ltd, directors for Rs 6,524 cr bank fraud (Lead)
New Delhi, June 2 (IANS) The Central Bureau of Investigation (CBI) has lodged a case against IL&FS Transportation Network Ltd and its directors on charges of defrauding 19 banks of Rs 6,524 crore between 2016 and 2018.
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ED raids uncover Rs 125 cr MLM scam; assets worth Rs 18.54 cr seized in Pune, Ahmednagar
Business 08:50 PMNew Delhi, June 2 (IANS) The Enforcement Directorate (ED) recently raided the premises of VIPS Group and Global Affiliate Business in Pune and Ahmednagar, which resulted in the seizure of assets worth Rs 18.54 crore under the Foreign Exchange Management Act (FEMA).
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Edible oil industry told to cut prices by Rs 8 to 12 as global rates fall
New Delhi, June 2 (IANS) The government on Friday directed the edible oil industry to cut retail prices of the essential commodity by Rs 8 to Rs 12 with immediate effect in the light of the fact that international rates have sharply fallen in the last two months.
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Why Sahara India Life to go to SBI Life, not ICICI Prudential Life? Unanswered questions
By Venkatachari Jagannathan
Business 08:24 PMChennai, June 2 (IANS) For a second time and after nearly six years, the Indian insurance regulator has ordered transfer of life insurance business of Sahara India Life Insurance Company Ltd.
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IRDAI transfers life insurance business of Sahara India Life to SBI Life
Business 06:58 PMChennai, June 2 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) on Friday ordered SBI Life Insurance Company Ltd to take over the life insurance business of Sahara India Life Insurance Company Ltd.
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RBI issues draft directions on digital payment security controls
New Delhi, June 2 (IANS) The Reserve Bank of India (RBI) on Friday issued a draft master direction on cyber resilience and digital payment security controls for payment system operators.
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'Attractiveness of gold depends on US Fed's moves'
Business 05:06 PMChennai, June 2 (IANS) The weakness in the US dollar and the likelihood of the US Federal Reserve hitting the pause button on interest rate hike made gold attractive, said an analyst.
