Economy

LIC outpaces industry and private insurers in 2024 new business premium growth

Life Insurance Corporation of India (LIC), the nation’s largest life insurer, reaffirmed its leadership in 2024 by outpacing both the industry average and private insurers in new business premium (NBP) growth. Data from the Life Insurance Council shows that LIC recorded a 14.64 percent year-on-year (YoY) growth in NBP, surpassing the insurance industry’s 14.41 percent […]

Economy

LIC outpaces industry and private insurers in 2024 new business premium growth

Life Insurance Corporation of India (LIC), the nation’s largest life insurer, reaffirmed its leadership in 2024 by outpacing both the industry average and private insurers in new business premium (NBP) growth. Data from the Life Insurance Council shows that LIC recorded a 14.64 percent year-on-year (YoY) growth in NBP, surpassing the insurance industry’s 14.41 percent […]

Economy

India’s economy projected to grow 6.6% in 2025, supported by strong private consumption, investment: UN

The Indian economy is projected to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the “strong performance” in India. The UN World Economic Situation and […]

Economy

Bullish on Indian manufacturing, private investments picking up, says CII President Sanjiv Puri

With Central Statistics Office (CSO) pegging the advance GDP growth estimate for 2024-25 at 6.4 per cent, there is palpable concern about growth momentum slowing down. businessline caught up with CII President Sanjiv Puri to get his take on the growth forecast, industry performance and chamber’s expectations for Budget. Excerpts: What is your reaction to the […]

Toddler dies after private nurse administers wrong injection in Jaisalmer, ET HealthWorld

Jaisalmer: A two-year-old girl, Rabina, died Saturday morning near the district govt hospital in Jaisalmer after being administered an injection by a private compounder at a medical store. Rabina, her relatives said, was suffering from mild cold and cough. Her condition deteriorated rapidly and the child began frothing at the mouth after the injection. She […]

Medical negligence costs private hospital in Coimbatore Rs10 lakh, ET HealthWorld

Coimbatore: The district consumer disputes redressal commission has directed a private hospital to pay a compensation of Rs10 lakh to a woman in a medical negligence case. According to an official source, M Anusuya of Sulur, developed abdominal pain in September 2019. An ultrasound scan revealed the presence of gallbladder stones. As her pain persisted, […]

RBI flags high attrition in private banks

MUMBAI: High attrition levels in private sector banks (PVBs) and small finance banks (SFBs) are a risk factor, RBI said in a report. While the total workforce in PVBs has surpassed that of public sector banks (PSBs) for the first time, the average attrition rate in PVBs has risen sharply over the last three years […]

High employee attrition of 25 per cent in private banks pose operational risk: RBI Report

NEW DELHI: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs), […]

World’s most expensive reality show cost $100 million, more than Game of Thrones, Squid Game; winner gets private island

Dec 29, 2024 04:20 PM IST The most expensive reality show in history has over a thousand contestants and a grand prize of over $5 million and a private island. Squid Game became a cultural phenomenon when it was released on Netflix in 2021. The Korean thriller was based on a fictitious game show that […]