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Search results for solvency

Elon Musk put on notice that his pet program could become a 'cheap public-relations stunt'
1 week ago

Elon Musk put on notice that his pet program could become a 'cheap public-relations stunt'

Raw Story  

A former Republican lawmaker warned Elon Musk and Vivek Ramaswamy’s new Department of Government Efficiency, or DOGE, must go "full founders mode" — or risk being remembered as a "cheap public-relations stunt." Instead, they ought to focus on reforming Congress’s budget process, said Gallagher, and do so the way the tech companies attack problems — going "full 'founders mode,' Silicon …

Congress Musk Gallagher
Fresh capital for PSU general insurers likely in budget
3 weeks, 4 days ago

Fresh capital for PSU general insurers likely in budget

Live Mint  

The government may infuse fresh capital into its loss-making general insurers in the next financial year to strengthen their operations and help them meet regulatory requirements, two people aware of the plans said. Low solvency ratios “Solvency ratios of the three public insurers — United India Insurance Co., National Insurance Co. and Oriental Insurance Co. — is still low. “This …

India Insurance General Financial Companies Public Sector
Noida authority to revise plot allotment guidelines
1 month ago

Noida authority to revise plot allotment guidelines

Hindustan Times  

NOIDA: The Noida authority on Tuesday said that it is likely to revise its plot allotment guidelines to bring more transparency and accountability in the procedure. The direction came in view of an issue that occurred early 2024 about allotment of two commercial plots to subsidiaries of the M3M Group by the Noida authority. “We will revise the guidelines and …

Guidelines Plot Allotment Authority Noida Authority M3M Noida
IMF finds RBI’s stress test model strong and well developed
1 month, 2 weeks ago

IMF finds RBI’s stress test model strong and well developed

Deccan Chronicle  

Chennai: International Monetary Funds finds RBI’s model suite for solvency risk analysis, liquidity risk analysis, and balance sheet connectedness of banks alongside non-bank financial institutions to be strong and well developed in numerous respects. The most noteworthy recommendations pertain to credit risk, market risk, and macro-financial scenario design,” IMF said. Among the three positive findings of the model suite, IMF …

Risk Model Rbi Imf Credit Risk Market Risk
Jeremy Clarkson: Grand Tour star reveals why he’s ended TV partnership with Richard Hammond and James May
4 months ago

Jeremy Clarkson: Grand Tour star reveals why he’s ended TV partnership with Richard Hammond and James May

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Clarkson has explained why …

Prime Video James Tour Grand Clarkson Jeremy Clarkson Richard
Richard Hammond reveals lasting health effects of horrific Top Gear crash
4 months, 1 week ago

Richard Hammond reveals lasting health effects of horrific Top Gear crash

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Richard Hammond has opened up …

Car Crash Free Clarkson Gear Top Gear Hammond
LIC net up 9.6% as non-par business share more than doubles to 23.5%
5 months ago

LIC net up 9.6% as non-par business share more than doubles to 23.5%

New Indian Express  

MUMBAI: National insurer Life Insurance Corporation has delivered a strong set of numbers with more than doubling of the more margin-yielding non-par products share to 23.52% in the June quarter from 10.22% in the year-ago period, which boosted the standalone net income by 9.61% to Rs 10,544 crore for the reporting period, which also saw its market share improving. The …

Crore Corporation Lic
Insurance reforms 2.0: Indians not required, and other relaxations to lure foreign money
5 months, 3 weeks ago

Insurance reforms 2.0: Indians not required, and other relaxations to lure foreign money

Live Mint  

New Delhi/Mumbai: The government is considering another phase of reforms for India’s insurance sector, including a proposal to do away with the mandatory requirement of resident Indian citizens to be on the boards and top management of entities with majority foreign investment. The deliberations aimed at further liberalising foreign investment rules for India’s insurance sector come just three years after …

Insurance Investment Indian Companies Foreign Investment Rules Foreign Direct Investment
Struggling PSU insurers may get a helping hand from the finance minister
5 months, 3 weeks ago

Struggling PSU insurers may get a helping hand from the finance minister

Live Mint  

New Delhi: The Centre plans to strengthenweak public sector general insurers with capital support to help them meet regulatory requirements, ahead of a potential public listing and privatization. The finance minister may allocate ₹4,000-5,000 crore for three public sector insurance companies, one of the two people cited above said, requesting anonymity. Vijayan, former secretary general, General Insurance Council said: “There …

Companies Capital Crore Public Centre Sector Insurers
Top Insurer to Leave Colombia’s Public System Amid Petro Squeeze
7 months, 1 week ago

Top Insurer to Leave Colombia’s Public System Amid Petro Squeeze

Live Mint  

-- One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances. Grupo de Inversiones Suramericana SA’s public insurance unit, which is known as EPS Sura and serves more than 5 million people, announced its decision in a statement Tuesday, noting it still requires approval from Colombia’s health watchdog. …

Health Colombia Petro Sura Eps Sura
Where every cent of $1 goes at one L.A. restaurant, explained
7 months, 3 weeks ago

Where every cent of $1 goes at one L.A. restaurant, explained

LA Times  

My industry has always been as difficult as it is magical. Since opening Botanica nearly seven years ago, our labor costs have risen 40% for hourly workers and 25% for salaried management, the result of minimum-wage increases and market-rate pay increases. Of that, 86.7 cents went toward “the good stuff” — meaning people, businesses and causes that it feels good …

Support Local Restaurants Los Angeles Cent Businesses Los Angeles Times
Nearly all FTX customers are getting their money back: What to know
8 months ago

Nearly all FTX customers are getting their money back: What to know

LA Times  

Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago. Although customers will be reimbursed the cash value of their cryptocurrency assets at the time of FTX’s collapse plus some interest, that’s far short of how much money those assets would be worth today given crypto’s resurgence. Prosecutors said Bankman-Fried …

Money Crypto Customers Ftx
State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
9 months, 2 weeks ago

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market

Associated Press  

SACRAMENTO, Calif. — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state The Illinois-based company, California’s largest insurer, cited soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it …

Insurance California State Farm State Farm
Years after strike, West Virginia public workers push back against another insurance cost increase
1 year, 1 month ago

Years after strike, West Virginia public workers push back against another insurance cost increase

Associated Press  

CHARLESTON, W.Va. — The agency in charge of managing health insurance for more than 200,000 government workers in West Virginia is facing pushback over proposed premium increases, five years after public school employees went on strike over rising health care costs. The state Public Employees Insurance Agency is proposing a premium hike that would amount to a 35% increase in …

Insurance Justice Employees West Virginia West Virginia State
Sir Bradley Wiggins reportedly at risk of bankruptcy
1 year, 2 months ago

Sir Bradley Wiggins reportedly at risk of bankruptcy

The Independent  

Sign up to our free sport newsletter for all the latest news on everything from cycling to boxing Sign up to our free sport email for all the latest news Sign up to our free sport email for all the latest news SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Claim Bradley Wiggins Iva Bradley Wiggins Sir Bradley Wiggins
Premier League clubs push government over key question surrounding state ownership
1 year, 3 months ago

Premier League clubs push government over key question surrounding state ownership

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Premier League clubs and other senior football figures …

Sustainability Football Club State Clubs State Ownership Premier League Clubs
Insolvency requirement, cap on GWP challenges for surety contracts
1 year, 3 months ago

Insolvency requirement, cap on GWP challenges for surety contracts

Deccan Chronicle  

Chennai: The government had proposed the introduction of Surety Insurance Contracts to replace bank guarantees for businesses and projects. However, higher insolvency margin, cap on the share of Gross Written Premium are some of the challenges insurers face in providing SICs. The study wants the regulator to explore the possibility of treating the SIC business as a quasi-independent Strategic Business …

Insurers Insurance Business Sics Solvency
China faces financial crisis fears as big investment firm misses payments
1 year, 4 months ago

China faces financial crisis fears as big investment firm misses payments

Op India  

The Wall Street Journal on Saturday reported that investors fearing a ‘Lehman moment’ in China are threatening the solvency of the country’s financial system. The American business and economic-focused daily said that signs of financial stress at a large asset manager in China are making investors nervous about contagion from the country’s slumping property sector, rekindling a debate over whether …

China Financial Investment Investors Cnn Lehman Zhongrong
Testimony from Sam Bankman-Fried’s trusted inner circle will be used to convict him, prosecutors say
1 year, 4 months ago

Testimony from Sam Bankman-Fried’s trusted inner circle will be used to convict him, prosecutors say

Associated Press  

NEW YORK — Testimony from FTX founder Sam Bankman-Fried’s “trusted inner circle” of former executives at his collapsed cryptocurrency empire will be used to prove at an October trial that he misappropriated billions of dollars from his investors to fuel his businesses, make illegal campaign contributions and enrich himself, prosecutors said Monday. The indictment said he sought to “maximize FTX’s …

Trial Ftx Bankman Fried Trusted Inner Prosecutors Filed
HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details
1 year, 5 months ago

HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details

Live Mint  

HDFC Life Insurance on July 21 reported a net profit of ₹415 crore for the April-June quarter of FY24, up by 15 percent from ₹361 crore recorded in the year-ago period. The net premium income of the insurer came in at ₹11,479 crore, up 16.5 per cent in the first quarter of current fiscal, from ₹9,847 crore in the year-ago …

Insurance Life Crore Cent Hdfc Hdfc Life Hdfc Life Insurance
City investor gears up to unleash post-Brexit investment ‘big bang’
1 year, 9 months ago

City investor gears up to unleash post-Brexit investment ‘big bang’

The Telegraph  

One of the City’s biggest investors is gearing up to unleash a post-Brexit investment “big bang” after redeploying dozens of employees to earmark infrastructure projects it can plough cash into. Industry leaders have said they could invest an extra £100bn in illiquid assets like wind farms and other infrastructure projects, as part of so-called Big Bang 2.0 reforms, but their …

Infrastructure Projects Projects Treasury Phoenix Invest Wind Farms Pra
Yellen says bank situation stabilizing, different from 2008
1 year, 9 months ago

Yellen says bank situation stabilizing, different from 2008

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements “could be warranted” if any new failures at smaller institutions jeopardize financial stability. Yellen, who made her remarks at the American Bankers Association, said that overall “the situation is stabilizing.” “And the U.S. banking system …

Banking Congress Bank System Yellen Failures Janet Yellen
Collector Is Competent Authority To Cancel Lease Deed Under Rule 51(7) OMMC Rules: Supreme Court
1 year, 10 months ago

Collector Is Competent Authority To Cancel Lease Deed Under Rule 51(7) OMMC Rules: Supreme Court

Live Law  

The Supreme Court has held that the Collector is a competent authority under Rule 51 of the Orissa Minor Mineral Concession Rules, 2016 to cancel a lease deed for non production of solvency certificate. A Bench comprising Justice MR Shah and Justice BV Nagarathna upheld the order of the Collector cancelling a lease deed for a sand sairat for non …

Trust Supreme Court Court Lease Rules Certificate Rule
Biden wants to tax people with large incomes to fund Medicare
1 year, 10 months ago

Biden wants to tax people with large incomes to fund Medicare

Firstpost  

Washington: U.S. President Joe Biden will propose raising the Medicare tax on high earners to help keep the federal insurance program solvent as part of his budget to be released on Thursday, the White House said. The tax increase is part of a package of proposals aimed at extending the solvency of the Medicare’s Hospital Insurance Trust Fund by at …

Medicare House Biden Republicans