Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. Illustration: Uttam Ghosh The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
White collar hiring in November has surged by 23 per cent, mainly led by non-IT sectors such as education, real estate, hospitality and travel, and insurance, says a report. Illustration: Dominic Xavier/Rediff October had registered a 9 per cent year-on-year
Russian President Vladimir Putin’s visit to India this week aims to secure energy supplies, stabilise defence deliveries and ensure bilateral trade continues smoothly despite strong Western sanctions, GTRI said on Tuesday. Image used for representation purpose only. Photograph: Kim Kyung-Hoon/Reuters
Stock markets declined on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows. Photograph: Shailesh Andrade/Reuters Falling for the third straight session, the 30-share BSE
A deepening payment paralysis in Telangana’s liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as “unprecedented” and “severe”. Image
Foreign direct investment (FDI) in India rose 18 per cent to $35.18 billion during April-September this fiscal year, while the inflow from the US more than doubled to $6.62 billion during the first half of this fiscal, according to government
Companies with “gas guzzlers” are trying to set up the wrong narrative against small cars getting relaxation in the proposed corporate average fuel efficiency (CAFE-III) norms on the basis of weight, Maruti Suzuki senior executive officer corporate affairs Rahul Bharti
With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust growth in sales in November as compared to the same month last year. Photograph: Ginnette Riquelm/Reuters Maruti Suzuki
‘We’ve not seen a crypto exchange come back after about 45 per cent of the value on the platform was impacted.’ IMAGE: Nischal Shetty, Founder and CEO, WazirX. Photograph: Kind courtesy WazirX.com Indian crypto exchange WazirX is picking up
These losses increase insurance premiums for customers and reduce insurer margins on the other. Illustration: Dominic Xavier/Rediff The insurance industry has been witnessing Rs 8,000 crore to Rs 10,000 crore leak in annual claim payouts due to Fraud, Waste,
