Stay updated with the latest icici-lombard news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on icici-lombard topics.
New Delhi, Dec 16 (PTI) The initial public offering of ICICI Prudential Asset Management Company Ltd, an arm of the ICICI Bank, received 39.17 times subscription on the final day of bidding on Tuesday, led by heavy demand from institutional buyers. The Rs 10,602.65-crore IPO received bids for 1,37,14,88,316 shares against 3,50,15,691 shares on offer, according to details available with the NSE. The Qualified Institutional Buyers (QIBs) category fetched 123.87 times subscription, while the quot ...Read More >
Jaipur, July 19 (SocialNews.XYZ) In a significant breakthrough, Rajasthan Police's CID Crime Branch has busted a major coal adulteration racket in Sirohi, exposing a scam worth crores of rupees. The gang was found mixing fake coal dust into high-quality petcoke imported from the US, causing massive financial losses to the cement and steel industries. Additional Director General of Police (Crime) Dinesh M.N. revealed that the racket involved a well-organised network operating from a rented, def ...Read More >
MUMBAI: The second largest private sector lender ICICI Bank has reported a street-beating 15.5 percent growth in its net profit to Rs 12,768.21 crore in the June quarter on better asset quality that brought down its provisions for bad loans. Insurance subsidiaries ICICI Prudential Life and ICICI Lombard General contributed positively to the overall performance, with the group's total capital employed rising to over Rs 3.29 trillion. The core net interest income of the bank increased 10.6 perce ...Read More >
Leh, July 18: Veteran BJP leader and former Deputy Chief Minister of Jammu and Kashmir Kavinder Gupta, was sworn as the 3rd Lieutenant Governor of Ladakh.Dressed in traditional Ladakhi attire, Gupta took the oath of office in a solemn ceremony held in Leh, administered by Justice N. Kotiswar Singh, Chief Justice of the High Court of J&K and Ladakh.Welcoming this new chapter in Ladakh's journey, Gupta emphasized service over power, declaring Ladakh deserves dignity, development, and a voice. "I'm ...Read More >
MUMBAI: As Tesla introduces its pioneering fleet of electric vehicles to the Indian market, insurance companies have designed comprehensive electric vehicle specific covers that guard against moisture buildup and electrical faults besides managing complex risks like exothermic reactions and charger problems. The covers that been launched to meet the infrastructure and technological demands of these cutting-edge vehicles offer features like battery and motor cover, charger protection, zero deprec ...Read More >
Gurugram (Haryana) [India], July 18: With Tesla officially opening its doors in India, the excitement builds up to own one of the world's most advanced electric cars. Now, Policybazaar makes it just as easy to protect your Tesla with specialized EV insurance plans that cover high-value batteries, state-of-the-art tech components and all the unique needs of electric mobility. Also Read | PM Narendra Modi Launches Infrastructure Projects Worth INR 7,200 Crore, Says Bihar's Growth Vital for Viksit ...Read More >
New Delhi, Jul 15 (PTI) Cabinet Secretary T V Somanathan has flagged the "perceived reluctance" among several senior central government officials to give appointments to people, saying such interactions can give insights into ground realities, and clarify misunderstandings about government policies or intentions. In a letter to the secretaries of all central government ministries and departments, the country's top bureaucrat also said that such meetings should be held in offices and not clubs o ...Read More >
Mumbai: ICICI Lombard reported a 28% rise in net profit to Rs 747 crore for the June quarter, driven by higher capital gains and improved returns on equity. Profit after tax rose from Rs 580 crore a year earlier. Profit before tax rose to Rs 994 crore from Rs 774 crore, while capital gains during the quarter climbed to Rs 380 crore from Rs 284 crore.Gross direct premium income stood at Rs 7735 crore, up 0.6% from Rs 7688 crore. The company attributed the modest growth to changes in accounting ru ...Read More >
Chennai, Jul 15 (PTI) The ManipalCigna Health Insurance Company Ltd has planned to expand its footprint in Tamil Nadu with 10 more branches and add over 10,000 advisors across South India. ManipalCigna Health Insurance Company Ltd is a joint venture between Manipal Group, an eminent player in healthcare delivery and higher education and global health services company Cigna Healthcare. Also Read | Aadhaar Free Update: Government Requests Parents to Update Children's Aadhaar Biometrics Between A ...Read More >
New Delhi, Jul 15 (PTI) ICICI Lombard General Insurance on Tuesday reported 29 per cent growth in profit after tax at Rs 747 crore for the first quarter of the current fiscal. The private sector insurer had a profit after tax (PAT) of Rs 580 crore in the April-June period of 2024-25 fiscal year. Total income rose to Rs 6,083 crore during the June quarter FY26, from Rs 5,352 crore a year ago. Gross written premium was higher at Rs 8,053 crore as against Rs 7,931 crore in the year-ago period. ...Read More >
Kolkata, Jul 15 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday hailed the safe return of Indian astronaut Group Captain Shubhanshu Shukla from space, calling it a matter of national pride. Shukla, a 39-year-old Indian Air Force officer and test pilot, on Tuesday returned to the Earth after an 18-day stay at the International Space Station. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory ...Read More >
Patna: The body of Abhishek Varun, manager of a private insurance company who had been missing for two days, was found inside a dry well within the Beur police station limits in Patna district on Tuesday morning.Abhishek's wife had lodged a missing person's complaint at the Kankerbagh police station on Monday. During the investigation, police found his body inside a 30-foot-deep well in Beur, with his scooter lying on top of him. Abhishek, a resident of Malahi Pakri, had attended a friend's wedd ...Read More >
PATNA: The body of bank manager Abhishek Varun, who had been missing for two days, was recovered from a dry well under Beur police station limits in Patna district on Tuesday morning. His body was found during a police investigation into his disappearance.A missing person's report had been filed by the victim's wife at Kankerbagh police station on Monday. During the inquiry, police found his slippers near a well in Beur. Upon inspection, his body was found inside the well, around 30 feet deep, w ...Read More >
ICICI Lombard partners with Arya.ai to leverage the Arya Apex AI platform, resulting in 98% workflow automation and enhanced customer satisfaction. This collaboration sets a new standard in the insurance industry by significantly boosting operational speed, scalability, and customer experience in just three months. ICICI Lombard, a major player in the Indian private-sector insurance market, has teamed up with Arya.ai, a leader in AI-driven enterprise solutions. Together, they are revolutionizin ...Read More >
Calls for opening up the insurance sector to higher foreign investment limit are getting louder, and necessary legislative steps in this regard could be taken during the ongoing Winter Session of Parliament. The foreign direct investment (FDI) limit in the insurance sector will likely be raised to 100% from 74%, CNBC-TV18 reported on November 26, citing sources who wished not to be identified. The channel also reported that insurance companies will possibly be allowed composite licences, with ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.