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IRDAI greenlights amendments to boost Indian reinsurance; reduces FRBs Capital to Rs 50 Crore - implications unveiled, , IRDAI, reinsurance market, Foreign Reinsurance Branches (FRBs), International Financial Services Centre Insurance Offices, Universal Sompo General Insurance
Experts told AlJazeera that the parties involved in managing insurance cover for the nuclear sector in India seem to be thinking of it as a liability to tick off their box rather than something which needs to be prudently planned.
India has barely half the insurance amount required for current nuclear plants, and has many more plants in the works.
Like each year, IIM-A students were provided the opportunity to make their dream applications to firms of their choice regardless of having an offer in hand.
The Burman family, which owns Dabur's and is the largest shareholder in Eveready, wants professionals to run the Calcutta-based dry cell battery maker and is open to the idea of raising its stake “at the right price”. The Burmans, who have close to a 20 per cent stake in Eveready, suggested that a team of professionals, headed by a chief executive, should be hired to manage the affairs of the Calcutta-based company. Advertisement “All we want is that the company should be run professionally. This will benefit all shareholders, large and small,” Mohit Burman, vice-chairman of Dabur In...