The overall growth in premium underwritten by general insurance companies declined during the quarter ended June of FY25 in the wake of the lower growth rate in the motor and health segments. The growth in premium underwritten declined to 13.33 per cent at Rs 72,758 crore in the June quarter of FY25 as against a growth of 17.88 per cent (Rs 64,198 crore) in June quarter of FY23 and 22.15 per cent growth in the same period of FY22, according to data from the General Insurance Council, the apex body…
Tag: general
Valmiki Corp funds used to purchase liquor before general elections: ED | India News
The Enforcement Directorate (ED) on Wednesday alleged that a “substantial” amount of funds “misappropriated” from the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited were used to procure liquor during the recently-concluded Lok Sabha elections apart from some highly priced vehicles. The federal probe agency that has arrested sitting Congress MLA and former cabinet minister of the state B Nagendra in this case recently issued a statement alleging the associates connected to the legislator were “implicated in fund diversion and cash management.” Nagendra, a former minister of Tribal Welfare and…
UK General Election 2024: All you need to know about the polling tomorrow | World News
The United Kingdom is preparing for a crucial general election on Thursday (July 4). Since Prime Minister Rishi Sunak’s unexpected call for a snap general election outside 10 Downing Street on a rain-soaked day in late May, the campaign trail has been marked with political scandals and gaffes. Experts and polling data indicate a potentially landmark election, with the Labour Party poised to dethrone the Conservatives after their 14-year tenure. Meanwhile, the right-wing populist Reform UK is emerging as a significant contender for the opposition. This election is set to…
Xiaomi changes India leadership team, Alvin Tse to take over as general manager
[ad_1] Alvin will take over as Tse’s general manager Xiaomi India, the Chinese smartphone maker announced on Friday. The change of leadership comes after top executives leave as Xiaomi finds itself in a case of income tax evasion. The company is also embroiled in a remittance case of Rs 5,500 crore which is being probed by the Enforcement Directorate. The probe agency had summoned the former managing director of the company, Manu Jain. Jain was transferred last year to the role of Global Group Vice President. Since then he has…