Non-Life

Contract of insurance is of utmost good faith, says Supreme Court

Indian News       Oct 23, 2020

New Delhi: A contract of insurance is of utmost good faith and a proposer who seeks to obtain life insurance policy is duty bound to disclose all material facts bearing upon the issue, the Supreme Court has said. The top court said this while setting...

Centre notifies amendment to motor vehicle rules for ownership details in registration papers

Indian News       Oct 23, 2020

  NEW DELHI: The government on Friday said it has notified amendments to the motor vehicle rules for clearly incorporating ownership details in registration documents, a move that will help physically challenged persons. The step was taken after it was brought to the notice of the...

India seeks health worker database for possible COVID-19 vaccination

Indian News       Oct 23, 2020

  MUMBAI/BHUBANESWAR: India is urgently preparing a database of all government and private health personnel to quickly vaccinate them against the novel coronavirus once it is safe to do so, health authorities said on Friday.Prime Minister Narendra Modi has promised to provide any successful vaccine to...

Bhargav Dasgupta,MD and CEO,,ICICI Lombard General Insurance

 ICICI Lombard General Insurance net profit rises by 35% to Rs 415.74 crore in Q2 FY 2020-21

Indian News       Oct 23, 2020

  Mumbai: With a higher investment income and haelthy combined ratio, ICICI Lombard General Insurance,the largest private sector  general insurer, seen its net profit rising by 35 per cent year-on-year to Rs 415.74 crore in Q2 FY 2020-21 The non-life insurer saw improved combined ratio and...

Maharashtra invites Tesla after Musk hints entry into India

Indian News       Oct 23, 2020

  Mumbai: India’s richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year. In a tweet here on Thursday, state tourism and environment minister Aaditya Thackeray said he and industries minister Subhash...

Tesla's release of new 'self-driving' software closely watched by U.S. regulato

Facts       Oct 22, 2020

r The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc's TSLA.O release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.Tesla on Tuesday night released a...

India's Dr Reddy's isolates data center services after cyberattack

Indian News       Oct 22, 2020

BENGALURU:  Indian drugmaker Dr Reddy's Laboratories Ltd REDY.NS said on Thursday it had isolated all its data center services as a preventive measure following a cyberattack.Shares of the company, which has a partnership to run clinical trials of Russia’s Sputnik-V COVID-19 vaccine in India, fell...

India has set aside $7 billion to vaccinate the world’s second Biggest Population

Indian News       Oct 22, 2020

  New Delhi: India has set aside $7 billion to vaccinate the world’s second biggest populationIndia’s government has set aside about 500 billion rupees ($7 billion) to vaccinate the world’s most populous nation after China against the coronavirus, according to people with knowledge of the matter....

Govt restores all existing visas, barring electronic, tourist and medical categories

Indian News       Oct 22, 2020

  New Delhi The government on Thursday decided to restore with immediate effect all existing visas, except electronic, tourist and medical categories, almost eight months after their suspension following the coronavirus outbreak and subsequent imposition of a nationwide lockdown The Ministry of Home Affairs (MHA) also...

Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to cover Mutuals

International News       Oct 22, 2020

  London: The Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB), said Asta, the third-party managing agent at Lloyd’s. Picnic will commence underwriting on Jan. 1, 2021 and would initially provide re/insurance support to the innovative mutuals...

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