US banks’ net income rises
August 29th, 2012 - 1:07 pm ICT by IANS
Washington, Aug 29 (IANS) US banks' net income in the second quarter of this year continued to increase, driven by lower loan-loss provisions and higher gains on loan sales, the ... Read more...
Posted in Uncategorized |
Goa to re-negotiate mediclaim scheme with insurer
July 9th, 2012 - 2:59 pm ICT by IANS
Panaji, July 9 (IANS) The Goa government will re-negotiate the terms and conditions of its mediclaim insurance scheme with ICICI Lombard and re-launch it within the year, Health Minister Laxmikant ... Read more...
Posted in Uncategorized |
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 |
HDFC Standard Life Insurance fined Rs.1.47 crore
June 28th, 2012 - 11:48 pm ICT by IANS
Chennai, June 28 (IANS) The Insurance Regulatory and Development Authority (IRDA) slapped a fine of Rs.1.47 crore on HDFC Standard Life Insurance Company.Passing the penalty order, which was made public ... Read more...
Posted in Business |
Chinese are 8 years older than real age
May 17th, 2012 - 9:43 pm ICT by IANS
Beijing, May 17 (IANS) A survey in China has found the Chinese are ageing faster. An average Chinese is 8.2 years older than his or her real age while ... Read more...
Posted in Uncategorized |
Lloyd’s of London eyes India, China for growth
May 12th, 2012 - 2:46 pm ICT by IANS
London, May 12 (IANS) Lloyd's of London, Britain's 325-year-old insurance and reinsurance market, has unveiled a plan to substantially promote its business growth in emerging markets, including India, China ... Read more...
Posted in Business |
National Insurance assessing loss in AMRI fire
April 20th, 2012 - 12:52 am ICT by IANS
Kolkata, April 19 (IANS) Public sector National Insurance Company (NIC) Thursday said it is in the process of inspecting and assessing the claim for the damage caused due to a ... Read more...
Posted in Uncategorized |
Warren Buffett diagnosed with prostate cancer
April 18th, 2012 - 6:41 pm ICT by IANS
Washington, April 18 (IANS) American billionaire investor Warren Buffett has been diagnosed with stage I prostate cancer, the CNN reported Wednesday.In a letter to shareholders of his firm Berkshire Hathaway, ... Read more...
Posted in Health |
AIG pays back $1.5 bn to US Treasury
March 23rd, 2012 - 2:58 pm ICT by IANS
Washington, March 23 (IANS) The US Treasury Department said Thursday that American International Group (AIG) repaid an additional $1.5 billion, a further step to exit from the government's financial rescue ... Read more...
Posted in Business |
Pandit’s Citi Bank found wanting in stress test (Lead)
March 14th, 2012 - 1:33 pm ICT by IANS
Washington, March 14 (IANS) America's central bank has found four of 19 largest US financial firms, including Citi Bank led by Indian American CEO Vikram Pandit, wanting and which need ... Read more...
Posted in Business |
United India to cross Rs.8,000 crore premium
February 14th, 2012 - 6:31 pm ICT by IANS
Chennai, Feb 14 (IANS) United India Insurance Co has logged a fresh premium of Rs.5,872 crore in the first nine months of the current fiscal and hopes to cross a ... Read more...
Posted in Business |
Chemplast Sanmar PVC plant shut down for 10 days
January 3rd, 2012 - 11:34 pm ICT by IANS
Chennai, Jan 3 (IANS) City-based Chemplast Sanmar Ltd's polyvinyl chloride (PVC) plant at Cuddalore has been shut down for around 10 days to check its systems post Cyclone Thane, a ... Read more...
Posted in Business |
India mulls bank account number portability
January 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Jan 3 (IANS) After allowing portability of mobile numbers and health insurance policies, the Indian government plans to give customers the flexibility to change his/her bank without changing ... Read more...
Posted in Business |
171,000 Britons caught using phones while driving
December 30th, 2011 - 10:08 pm ICT by IANS
London, Dec 30 (IANS) Over 171,000 Britons were caught this year using mobile phones while driving, according to official figures.Figures obtained from a Freedom of Information request said the number ... Read more...
Posted in World |
IRDA asks general insurers to avoid unhealthy competition
December 16th, 2011 - 5:59 pm ICT by IANS
Kolkata, Dec 16 (IANS) The insurance regulator Friday asked general insurance companies not to indulge in "unhealthy competition" that has led them to incur huge losses."I urge the companies to ... Read more...
Posted in Business |
Proposed new insurance norms may adversely impact mergers (Lead)
July 3rd, 2011 - 4:24 pm ICT by IANS
Chennai, July 3 (IANS) India's insurance regulator may be attempting to override legal provisions while also seeking to prevent promoters from exiting ventures within 10 years of starting operations, experts ... Read more...
Posted in Business |
ICICI Lombard to hike diesel vehicles’ insurance premium
June 27th, 2011 - 10:12 pm ICT by IANS
Kolkata, June 27 (IANS) ICICI Lombard, a major private sector player in general insurance, will increase policy premium on diesel vehicles over petrol vehicles by up to 15 percent, a ... Read more...
Posted in Business |
Over 70 percent of British drivers high on drugs
June 11th, 2011 - 9:32 am ICT by IANS
London, June 11 (IANS) A whopping 72 percent of drivers in Britain admit being under the influence of narcotics while driving, according to a new study.Around 35 percent admitted to ... Read more...
Posted in Uncategorized |
Insurers relieved as Tamil Nadu scraps health scheme
June 10th, 2011 - 4:03 pm ICT by IANS
Chennai, June 10 (IANS) The AIADMK government's decision to scrap the Kalaignar Health Insurance Scheme in Tamil Nadu has come as a blessing in disguise for the participating insurance companies ... Read more...
Posted in Business |
‘Lexus car is most likely to be attacked by vandal’
April 23rd, 2011 - 7:04 pm ICT by ANI
London, April 23 (ANI): A research has found that the car most likely to be targeted by vandals in Britain is a Lexus.Japan's upmarket Lexus IS tops the first vehicle vandalism index, ... Read more...
Posted in Business |
GAIL, PEC get awards for most efficient state-run firms
April 22nd, 2011 - 6:07 pm ICT by IANS
New Delhi, April 22 (IANS) State-run Gas Authority of India Ltd (GAIL) and international trading firm PEC Ltd have won awards for being the most efficient public sector undertakings ... Read more...
Posted in Uncategorized |
Spring is worst time of year for drink- driving: Survey
April 15th, 2011 - 6:03 pm ICT by ANI
London, April 15 (ANI): A survey has revealed that spring is the worst time of the year for drinking and driving.The number of drivers testing positive, or refusing a breath test, is ... Read more...
Posted in Life Style |
Vehicles with letter Z in registration plates have most crashes
April 12th, 2011 - 5:52 pm ICT by ANI
London, Apr 12 (ANI): A study has found that vehicles having the letter Z in their registration plates have the most crashes.The last letter of the alphabet appears in three of the ... Read more...
Posted in World |
Paris Hilton sued over borrowed jewels
April 8th, 2011 - 7:55 pm ICT by Aishwarya Bhatt
Los Angeles, April 8 (THAINDIAN NEWS) A German insurance company, Allianz SE, has sued Paris Hilton for failing to return jewels that do not belong to her. The celebrity socialite according ... Read more...
Posted in Entertainment |
Most New Year’s resolutions dissolve by Jan end
January 25th, 2011 - 2:24 pm ICT by ANI
London, Jan 25 (ANI): In a new research, almost all Brits who made a New Year's resolution admitted that previous attempts saw them give up by the end of January.The research by ... Read more...
Posted in Life Style |
Chilean miners accuse President Pinera of failing to keep ‘medical care deal’
January 5th, 2011 - 1:38 pm ICT by ANI
London, Jan 5 (ANI): Chilean miners, who earned international recognition after surfacing from a gold and copper mine after two months, have reportedly accused the country's President, Sebastian Pinera, of failing to ... Read more...
Posted in World |
Are you paying too much for your car insurance?
December 23rd, 2010 - 8:55 pm ICT by Aishwarya Bhatt
New York, Dec 23 (THAINDIAN NEWS) Insurance is very vital to ensure that whatever happens, you will still be driving later.However insurance payments can also be very tricky. If you have no ... Read more...
Posted in World News |
20,000 mobile phones lost in Britain everyday
December 22nd, 2010 - 4:52 pm ICT by IANS
London, Dec 22 (IANS) A staggering 20,000 mobile phones are either lost or stolen every day in Britain, a media report said.Daily Express reported that one Briton in six had lost a ... Read more...
Posted in Sci-Tech |
BP sued over gulf oil spill
December 16th, 2010 - 9:31 pm ICT by Aishwarya Bhatt
Washington DC, Dec 16 (THAINDIAN NEWS) The US Justice Department has sued BP and several other companies for their role in the biggest oil spill in the history of the United States. ... Read more...
Posted in Business |
Merger norms for general insurance firms in a week
December 11th, 2010 - 8:01 pm ICT by IANS
Chennai, Dec 11 (IANS) A decision on the merger proposal of Royal Sundaram Alliance with Reliance General Insurance is likely soon with the industry watchdog set to announce its new norms on ... Read more...
Posted in Business |
Flirting Brit drivers caused almost 1m crashes!
October 27th, 2010 - 6:11 pm ICT by ANI
London, Oct 27 (ANI): A Brit poll has claimed that almost one million crashes have been caused by distracted drivers who flirt at the wheel with other motorists.The findings indicate that ... Read more...
Posted in World |
Insurance firm to turn Nepal loss into silver lining
October 12th, 2010 - 4:00 pm ICT by IANS
By Sudeshna Sarkar
Kathmandu, Oct 12 (IANS) Less than two months after being hit by a plane crash in Nepal that killed all 14 people on board and destroyed the aircraft, National Insurance ... Read more...
Posted in Business |
‘Bond’ bike with flame-thrower, ejector seat to be unveiled in London
September 30th, 2010 - 1:13 pm ICT by ANI
London, Sep 30 (ANI): A James Bond bike with flame-thrower and ejector seat is set to be unveiled in London.The bike, to be displayed at next week's Cycle Show at Earls Court ... Read more...
Posted in World |
Court bars foreign insurer’s agent from selling policies
September 26th, 2010 - 6:28 pm ICT by IANS
New Delhi, Sep 26 (IANS) The Delhi High Court has dismissed the plea of a company which sought permission to sell health insurance policies on behalf of a Ukrainian firm.
Radiant Overseas approached ... Read more...
Posted in Business |
National Insurance hit hard by Nepal plane crash
August 30th, 2010 - 4:33 pm ICT by IANS
By Sudeshna Sarkar
Kathmandu, Aug 30 (IANS) India's oldest insurance company, the 103-year-old National Insurance Company Ltd (NIC), has been hit hard by last week's plane crash in Nepal with its sole ... Read more...
Posted in Business |