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Life insurers first-year premium moving in subdued manner: CARE Ratings

Mar 11, 2024

Chennai, March 11 (IANS) Indian life insurers after a robust growth in FY23, their first-year premium numbers in FY24 have been moving in a subdued manner, said credit rating agency CARE Ratings in its latest report. However, for February 2024, first-year life insurance premiums witnessed a surge of 48.4 per cent, compared to a fall of 16.8 per…

ASI to sign pacts for adoption of heritage monuments

Mar 11, 2024

New Delhi, March 11 (IANS) In a significant development aimed at furthering the preservation and promotion of India's cultural heritage, the Archaeological Survey of India (ASI) has envisioned the ‘Adopt a Heritage 2.0’ programme and is now…

Business

Women opting for freelancing jobs in India doubled over the past year: Report

Mar 11, 2024

New Delhi, March 11 (IANS) The number of women opting for freelancing jobs in India doubled over the past year, jumping from 4 per cent in February 2023 to 8 per cent in February 2024, a new report showed on Monday. According to the talent…

Business

REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan

Mar 11, 2024

New Delhi, March 11 (IANS) REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs…

Business

Female SHG members have shown three-time rise in income during FY19-FY24

Mar 11, 2024

New Delhi, March 11 (IANS) Female Self-Help Group (SHG) members' accounts have shown an increase in income by three times during FY19-FY24, as per a study conducted by the Economic Research Department of the State Bank of India.The maximum…

Business

Adani Green Energy operationalises 1,000 MW of 30,000 MW Gujarat renewable energy park

Mar 11, 2024

Ahmedabad, March 11 (IANS) Adani Green Energy Limited (AGEL) said on Monday that it has operationalised the cumulative capacity of 1,000 MW solar energy of the 30,000 MW renewable energy (RE) park at Khavda, Gujarat, the fastest such…

Business

Samsung to launch AI-powered washer-dryer combo globally in Q2

Mar 11, 2024

Seoul, March 11 (IANS) Samsung Electronics on Monday said that it will launch its latest Bespoke Artificial Intelligence (AI) Combo washer-dryer globally within the second quarter (Q2) of this year. The Bespoke AI Combo, which combines a 25…

Business

SCOPE VC invests in AuthPay to foster fintech innovation

Mar 11, 2024

New Delhi, March 11 (IANS) SCOPE VC, the investment banking arm of the invite-only networking platform SCOPE, on Monday, said that it has invested $450,000 in fintech startup AuthPay. This investment follows SCOPE VC's recent launch of a…

Business

Small-cap stocks face selling pressure as broader markets underperform

Mar 11, 2024

New Delhi, March 11 (IANS) Small-cap stocks are under as the index fell more than 1 per cent on Monday amid concerns over valuations.BSE Small Cap Index is down 1.2 per cent while the benchmark Sensex is down only 0.34 per cent, down by 255…

Business

BlackSoil NBFC raises Rs 100 crore to boost credit profile

Mar 11, 2024

New Delhi, March 11 (IANS) BlackSoil NBFC, the flagship arm of alternative credit platform BlackSoil Group, on Monday raised equity of Rs 100 crore from its existing Indian investors and family offices through a rights issue.The equity…

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