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Ramaswamy Narayanan, CMD, GIC RE, says, “our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well. Further, we have also got a credit rating boost from US credit rating agency, AM Best, since we are an international company doing business in over 150 countries we need a credit rating from an international agency. In our case, it is AM Best and they have boosted our credit rating as well.” There is a massive re-rating going on in the entire insurance space. It was started by private sector insurance companies in the last two, three days. Even the public sector enterprises, insurance and reinsurance companies are getting completely re-rated. The view in the market and the industry is that there could be policy making plus some impetus coming in which could improve volumes. What are your thoughts on the way business momentum is at your end? We are doing well. I guess maybe the interest coming forward now is based on the fact that the insurance industry is doing well now as well as maybe the understanding of what this industry is all about is also happening in the market. From GIC's perspective, our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well.

The case for shedding a colonial-era penal code rests not just on how outdated some of its provisions are, but on a need to actualize our 1947 liberation from foreign rule. Individual liberty, it was hoped, could be maximized within the constraint of neither depriving others of it, nor causing anyone harm—a live-and-let-live model.

Sebi) decision to create a regulatory framework for the facilitation of small and medium real estate investment trusts (SM REITs) is expected to boost participation of retail investors, institutionalise the segment, and encourage greater capital influx from both domestic and offshore investors. The establishment of regulation is poised to bolster investor confidence, expanding acceptance for the burgeoning asset class. This initiative is anticipated to provide crucial support to realty developers, offering an additional avenue to monetize assets and infuse much-needed liquidity into the sector. «With the approval of Micro-REIT guidelines, finally we will soon have a new asset class available to investors to provide secured and stable returns even in a small real estate asset as low as Rs 50 crore,» said Anuranjan Mohnot, MD, Lumos Alternate Investment Advisors. According to him, the new regulation has provided more clarity on the regulatory framework for raising money from the public at large outside Alternate Investment Fund (AIF) with due accountability and skin of the investment manager in the entire scheme. While the finer details are awaited, checks and balances covered in the draft paper released by the regulator in May is likely to make way in the regulations. «SEBI's move is a strong testament to the trust of the regulator on this new-age investment avenue and it further reinforces our belief in the model.

SBI) managing director Diwakar Gupta is set to take charge as the chairman of the government-backed bad loan aggregator National Asset Reconstruction (NARCL), after the Reserve Bank of India (RBI) approved his nomination late last week, said three people aware of the development. Gupta, who is the chairman of the bad bank's agent, India Debt Resolution (IDRCL), will resign from the job to take charge at NARCL in the first week of December, the people said. «The RBI has given its approval a couple of days ago, clearing the decks for Gupta to take charge.

—Sanyam Verma Understanding the various fees associated with a home loan application is crucial for a comprehensive view of the overall cost. Here are the key components: Processing fees: This is a one-time, non-refundable charge payable at the time of loan application processing, typically ranging from 0.5% to 1% of the loan amount. Legal charges and valuation fees: These cover the cost of legal scrutiny of property documents.

NEW DELHI : Tomato, onion and potato (TOP) farmers battling frequent price crashes may have relief at hand, with the Centre working on a pilot scheme to remove logistics bottlenecks in these crucial perishable crops. The pilot will be conducted under the agriculture ministry’s market intervention scheme (MIS), two officials aware of the plan said.

NEW DELHI : In an extensive interview covering railways, information technology, and telecom, Union minister Ashwini Vaishnaw spelt out the government’s vision on multiple fronts—from making India an export engine of indigenous technologies, to strengthening and expanding the railway network with the right technologies to ensure safe and efficient operations, to ensuring that regulation keeps up with technology and therefore the Digital India Bill, to planning for India to take the lead in 6G where standards are yet to be set. New financial incentives for the components ecosystem may also be considered going forward. Edited excerpts: In every aspect of Railway safety, in the past nine-and-a-half-years, we have invested huge amounts.

Stocks on Wall Street closed mostly higher on Friday to notch another winning week on growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

wildlife sanctuaries in Madhya Pradesh to create the largest tiger reserve in the country spanning 2,300 square kilometres, ANI reported on Sunday. The Union government has issued a notification regarding the approval of the proposal to merge the Nauradehi Wildlife Sanctuary—located in central Madhya Pradesh covering parts of Sagar, Damoh, Narsinghpur, and Raisen districts—with the Rani Durgavati Wildlife Sanctuary in the Damoh district of the state, the report said citing a forest department official.

The Polar Express. The enchanting journey of belief, based on Chris Van Allsburg's children's book, brings a magical world to life with Tom Hanks embodying a multitude of characters. For those who haven't secured a Blu-ray, DVD, or Digital copy, the question arises—where can one watch this holiday gem? We've got you covered!

Travel insurance is like a safety net, offering invaluable peace of mind when exploring the diverse landscapes of our world. However, many travellers believe they don't need travel insurance, but not having coverage can leave you vulnerable if an emergency arises during your trip. This blog aims to debunk five major myths that prevent people from purchasing travel insurance.

Kansas City Chiefs tight end Travis Kelce delved into the challenges of being in the spotlight after his relationship with pop icon Taylor Swift became public. Kelce, who recently featured on the cover of Wall Street Journal Magazine, provided candid insights into the media scrutiny and his admiration for Swift's ability to handle fame.

Finance Minister Nirmala Sitharaman on Saturday dismissed allegations by Kerala's Left government of negligence in fund allocation and claimed that the Central government promptly sends the required funds to the people of the southern state without any delay. Responding to the Left government's allegations of not releasing funds under various categories, she pointed fingers at the state government, alleging that it was due to the state's failure to meet the necessary criteria.

Alka Singh Gurjar said on Saturday, reacting to Congress leader Rahul Gandhi's 'panauti' remark against Prime Minister Narendra Modi, that these kinds of statements reflect the values of Rahul Gandhi and the Congress party. «Prime Minister is the Prime Minister of the country and not of any party. We may have differences ideologically, but by talking like this about a person who represents the country and who has gained a global reputation for the country, you (Rahul Gandhi) have shown your values and your party's thinking,» said Alka Singh Gurjar.

Uttarkashi to take stock of the ongoing rescue operation underway at the Silkyara tunnel. Speaking to the media, Dhami said on Saturday that Prime Minister Narendra Modi is very sensitive towards the workers trapped in the Silkyara tunnel and he is taking detailed information every day about the well-being of the workers. Expressing hope for the successful rescue of the trapped workers, Dhami said, «We will soon be successful in evacuating the labour brothers safely.» «Prime Minister Narendra Modi is very sensitive towards the workers trapped in Silkyara, Uttarkashi Tunnel. The Prime Minister is taking detailed information every day about the well-being of the workers and the ongoing relief and rescue operations in the tunnel.

As a healthy outcome, we recall a continuous persistence in these parlays reinforcing the notion of a rules based international order, resilience and global peace. With the changing geopolitical and geoeconomics landscape of the recent past, the Indo-Pacific’s increasing salience covered a noteworthy aspect of the meeting, hinting at furthering defence collaborations in the arena, pivoting around the Quad’s vitality and global good. In the area of trade, the Indo Pacific Economic Policy Framework too is moving forward.

how to thrive in the multipolar age. The country is home to just over 0.1% of the world’s people and produces only 0.5% of its GDP, but it contains nearly 10% of the world’s oil reserves, and this wealth helps it punch above its weight. Like many emerging countries today, it straddles political and economic divisions.

Bank of India (RBI) has tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans. Fintech lenders may face the brunt of RBI's tightening of capital norms for unsecured lending.

High net-worth individuals (HNIs) are prioritising protection for themselves and their dependents from unexpected adversities by buying substantial term insurance cover. Life insurers are offering customised policies to HNIs offering coverage avenues tailored for wealth preservation and legacy security.

STOCKHOLM (Reuters) — The conflict between Swedish unions and Tesla (NASDAQ:TSLA) heated up on Friday as a supplier of critical components joined in a sympathy action to get the electric car maker to sign a collective bargaining agreement for its Swedish workers.

semiconductors that covers cooperation in areas such as research and innovation, talent development, partnerships and exchange of market information, the external affairs ministry said. The MoU was signed ahead of the India-EU Trade and Technology Council that was held virtually on Friday.