industry officials

General insurers, with value twice of equity base, can tap public: IRDA


September 19th, 2012 - 1:06 am ICT by IANS
Chennai, Sep 18 (IANS) Ten years in business with an embedded value of at least twice the paid capital and maintaining a solvency margin are some of the terms that ... Read more...

Posted in Business |

33 die as firecracker factory catches fire (Fourth Lead)


September 5th, 2012 - 9:04 pm ICT by IANS
Chennai, Sep 5 (IANS) At least 33 people were killed when a powerful explosion Wednesday tore through one of the biggest fireworks factories in Tamil Nadu, triggering a major ... Read more...

Posted in Uncategorized |

237 lives lost in cracker unit accidents in Sivakasi


September 5th, 2012 - 7:56 pm ICT by IANS
Chennai, Sep 5 (IANS) During the last 12 years, a total of 237 lives have been lost due to accidents in 88 fireworks units located in Sivakasi. The government has ... Read more...

Posted in Uncategorized |

Sri Lankan minister rushes to Britain over travel advisory


September 2nd, 2012 - 6:40 pm ICT by IANS
Colombo, Sep 2 (IANS) Sri Lanka's External Affairs Minister G.L. Peiris has left for London in an attempt to meet British officials and urge them to withdraw a travel advisory ... Read more...

Posted in South Asia |

Putin wants changes in Russian space industry


September 1st, 2012 - 5:00 am ICT by IANS
Moscow, Sep 1 (IANS/RIA Novosti) Russian President Vladimir Putin has sought draft proposals for restructuring the national space industry after a string of accidents that have compromised the country's ... Read more...

Posted in Uncategorized |

‘Falling rupee making India more attractive to tourists’


July 14th, 2012 - 5:23 pm ICT by IANS
New Delhi, July 14 (IANS) The falling rupee may have hit the budget of Indian tourists. But on the flip side, leisure travellers from abroad are evincing more interest ... Read more...

Posted in Life Style |

Insurers to discuss revision in health, motor insurance


July 3rd, 2012 - 4:46 pm ICT by IANS
Chennai, July 3 (IANS) A key panel on the non-life insurance sector will be meeting in Hyderabad Wednesday to discuss the issue of an upward revision in health and motor ... Read more...

Posted in Business |

Fuel shortage to ease in Chennai, says Jayalalithaa


May 29th, 2012 - 9:42 pm ICT by IANS
Chennai, May 29 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday said the acute shortage of petrol and diesel will end in the metropolis as urgent steps are being taken ... Read more...

Posted in Business |

No strike now: Bollywood happy with tax exemption (Lead)


March 16th, 2012 - 9:10 pm ICT by IANS
Mumbai, March 16 (IANS) Producer Mukesh Bhatt is delighted with the government's decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.The film ... Read more...

Posted in Business |

It is a status quo budget with routine announcements: Insurance sector (Lead)


March 16th, 2012 - 7:44 pm ICT by IANS
Chennai, March 16 (IANS) The Indian insurance industry is unanimous that the 2012-13 budget presented by Finance Minister Pranab Mukherjee is status quoist and the hike in service tax ... Read more...

Posted in Business |

No strike now: Bollywood happy with tax exemption


March 16th, 2012 - 4:13 pm ICT by IANS
Mumbai, March 16 (IANS) Producer Mukesh Bhatt is delighted with the government's decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.Post "the ... Read more...

Posted in Entertainment |

Cruise giant to invest over $150 mn in Mexico


March 16th, 2012 - 11:39 am ICT by IANS
Mexico City, March 16 (IANS/EFE) Carnival Cruise Lines plans to invest more than $150 million to expand port infrastructure at destinations on Mexico's Pacific and Caribbean coasts, authorities said.Carnival representatives ... Read more...

Posted in Business |

President to present national tourism awards


February 27th, 2012 - 8:31 pm ICT by IANS
New Delhi, Feb 27 (IANS) President Pratibha Patil will Wednesday give away national tourism awards to various segments of the travel, tourism and hospitality industry, officials said Monday. The ... Read more...

Posted in Uncategorized |

Udangudi Power project may not need fresh environment assessment


February 27th, 2012 - 7:07 pm ICT by IANS
Chennai, Feb 27 (IANS) The Tamil Nadu government's decision to have the state electricity board implement the 1,600 MW power project at Udangudi in Tuticorin district may not necessitate another ... Read more...

Posted in Environment |

Bollywood’s Feb 23 strike called off


February 21st, 2012 - 11:58 pm ICT by IANS
Mumbai, Feb 21 (IANS) Bollywood's planned strike Feb 23 to protest against the imposition of a service tax on the film industry has been called off after a meeting ... Read more...

Posted in Uncategorized |

Damage by cyclone Thane to lower general insurers’ profits


January 3rd, 2012 - 6:14 pm ICT by IANS
Chennai, Jan 3 (IANS) Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of ... Read more...

Posted in Business |

Infrastructure players await policy reforms to spur growth


November 23rd, 2011 - 11:23 pm ICT by IANS
Bangalore, Nov 23 (IANS) The construction equipment industry and the manufacturing sector, which build India's infrastructure, is looking up to the government for policy reforms to spur growth and boost ... Read more...

Posted in Business |

One mn Indians to be enrolled per day for unique identity


June 23rd, 2011 - 9:06 pm ICT by IANS
Bangalore, June 23 (IANS) A whopping one million Indians will be enrolled each day by October for issuing unique identification number (UID) under the Aadhar scheme to cover about 60 ... Read more...

Posted in Sci-Tech |

Jaldhara Technologies eyes acquisitions in Tamil Nadu


April 29th, 2011 - 5:22 pm ICT by IANS
Chennai, April 29 (IANS) Mumbai-based waste water treatment and recycling equipment firm Jaldhara Technologies is looking for acquisitions in south India, mainly Tamil Nadu, to bid for government orders while ... Read more...

Posted in Business |

India’s first bamboo park in Tripura


April 6th, 2011 - 3:50 pm ICT by IANS
Agartala, April 6 (IANS) India's first bamboo park and second rubber industrial park are being set up in the northeastern state of Tripura to promote exports and to bring about ... Read more...

Posted in Business |

Indian insurers taking stock of Japanese tsunami


March 11th, 2011 - 9:48 pm ICT by IANS
Chennai, March 11 (IANS) Indian insurers - New India Assurance Company Ltd and General Insurance Corporation of India (GIC Re) - are taking stock of their risk exposure in Japan ... Read more...

Posted in Business |

Libyan unrest will damage tourism industry: Egyptian officials


March 2nd, 2011 - 12:50 pm ICT by IANS
Cairo, March 2 (IANS/AKI) The turmoil rocking the Arab world and currently engulfing Libya will harm tourism in Egypt, according to industry officials.Some 450,000 Libyan tourists visit Egypt annually, more ... Read more...

Posted in World |

Insurance regulator bracing for spat with judiciary


February 14th, 2011 - 3:55 pm ICT by IANS
By V. Jagannathan Chennai, Feb 14 (IANS) Tasting success in the turf war with the Securities and Exchange Board of India (SEBI) last year in connection with regulating unit-linked insurance policies (ULIPs), the ... Read more...

Posted in Business |

Insurance regulator to meet, brief life insurers on flaws


January 11th, 2011 - 4:49 pm ICT by IANS
Chennai, Jan 11 (IANS) The Indian insurance regulator is planning to start the new year with a path-breaking initiative of calling promoters of private life insurers and having a frank discussion with ... Read more...

Posted in Business |

‘Control on inter-state bus fares required in Goa’


January 4th, 2011 - 1:10 pm ICT by IANS
Panaji, Jan 4 (IANS) Travel and tourism industry stakeholders in Goa want the state government to regulate inter-state bus fares, which invariably skyrocket during the peak tourism season. Travel and Tourism Association ... Read more...

Posted in Business |

Two Russian space officials sacked over satellite loss


December 29th, 2010 - 7:05 pm ICT by IANS
Moscow, Dec 29 (IANS/RIA Novosti) Russian President Dmitry Medvedev Wednesday dismissed two senior space industry officials and reprimanded the head of Russia's space agency Roscosmos over the loss of three satellites.The Glonass ... Read more...

Posted in Sci-Tech |

Gujarat eyes $1 bn investment for pharma industry


December 19th, 2010 - 12:58 pm ICT by IANS
By James Jose Ahmedabad, Dec 19 (IANS) Gujarat, which accounts for nearly a half of the Indian pharma industry's turnover, is betting big on making the state a global hub as it ... Read more...

Posted in Business |

IRDA move will kill variable insurance segment: Industry


October 23rd, 2010 - 2:41 pm ICT by IANS
By V.Jagannathan Chennai, Oct 23 (IANS) The category of variable insurance products (including universal life products) will be killed if the draft norms issued by the Indian insurance regulator is implemented in its ... Read more...

Posted in Business |

IRDA bans universal life products


October 21st, 2010 - 11:09 pm ICT by IANS
Chennai, Oct 21 (IANS) In yet another policy holder-friendly move, the Insurance Regulatory and Development Authority (IRDA) Thursday banned the sale of universal life products from Oct 22, 2010.The universal life product ... Read more...

Posted in Business |

Life insurance had a great fall in September


October 21st, 2010 - 10:46 pm ICT by IANS
Chennai, Oct 21 (IANS) The domestic life insurance industry had a great fall in new business in September in the wake of new regulations governing unit-linked insurance policy (ULIP) that kicked in ... Read more...

Posted in Business |

Low tourist inflow during CWG disappoints hotel industry


October 20th, 2010 - 4:09 pm ICT by IANS
New Delhi, Oct 20 (IANS) A low tourist inflow during the Commonwealth Games had an adverse impact on the hotels and restaurants business which was left with an over supply of rooms ... Read more...

Posted in Business |

Floods leave Pakistani textile firms in need of Indian cotton


October 18th, 2010 - 12:01 pm ICT by IANS
By Awais Saleem Islamabad, Oct 18 (IANS) Pakistan's textile industry, hit by a record hike in cotton prices following a massive crop damage in the recent floods, has become dependent on the import ... Read more...

Posted in World |

Two bn tonnes of coal reserves found in Pakistan


October 1st, 2010 - 8:13 pm ICT by IANS
Islamabad, Oct 1 (IANS) At least two billion tonnes of coal reserves have been discovered in Pakistan's Sindh province, an official said.The reserves have been found in Sindh's Tharparkar district, Xinhua reported.According ... Read more...

Posted in South Asia |

Sterlite plant closure may lead to inflow of sulphuric acid from overseas


September 29th, 2010 - 2:56 pm ICT by IANS
Chennai, Sep 29 (IANS) The closure of Sterlite Industries' Tuticorin smelter plant is likely to result in increased inflow of sulphuric acid from South Korea and neighbouring Andhra Pradesh into Tamil Nadu and ... Read more...

Posted in Environment |

Infrastructure major hassle in helicopter industry growth


September 15th, 2010 - 8:15 pm ICT by IANS
New Delhi, Sep 15 (IANS) Major stakeholders in the helicopter industry Wednesday said the country can witness a doubling of its helicopter fleet in the next five years if the infrastructure and ... Read more...

Posted in Business |

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