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Chennai · ChennaiCholamandalam MS General Insurance Company Ltd. has reported a Gross Written Premium of Rs 7,598 crore for the financial year ending March 31, 2024, the company said on Sunday.Cholamandalam MS General Insurance Company is a joint venture between the diversified conglomerate Murugappa Group and Japan-based Mitsui Sumitomo Group.In a statement, the company said its profit before tax grew to Rs 444 crore for the year ending March 31, 2024 as compar…See the Story
Cholamandalam General Insurance Records Rs 7,598 Crore Gross Written Premium
World Health Organization · NigeriaNigeria recently became the first country to roll out a new vaccine (called Men5CV) recommended by the World Health Organisation, which protects people against five strains of meningococcus bacteria.The Conversation Africa asked Idris Mohammed, a professor of infectious diseases and immunology and former board chair of Nigeria’s National Programme on Immunisation, to explain the new vaccine and its likely impact.What Is Meningitis?Meningitis is …See the Story
Nigeria Is Pioneering A New Vaccine To Fight Meningitis. Why This Matters
India · IndiaMining conglomerate Vedanta Ltd is likely to see less pressure on cash flows after liability management at the holding company level and is now best placed to ride rising commodity prices, analysts said.Improved performance in aluminium, power and zinc enabled the company to turn in EBITDA of Rs 87,600 crore in the January-March quarter, up by 4% quarter-on-quarter. The improved performance was attributable to lower cost of production in alumini…See the Story
Vedanta Best Placed To Benefit From Rising Commodity Prices, Say Analysts
India · IndiaIndian banks' credit growth, profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said.In the Asia-Pacific 2Q 2024 Banking Update, S&P Global Ratings Director SSEA Nikita Anand said the agency expects the sector's strong credit growth to moderate to 14% in FY25, from 16…See the Story
Banks May Have To Slowdown Loan Growth in FY25, Says S&P
Mumbai · MumbaiWe have been all over the place over the past 11 sessions ended last week. We hit an all time high on April 9, dropped sharply on global cues till April 19, losing about 4.4% in the bargain, before pulling up to near the former highs by end of the last week. On the weekly charts, the consolidation is even longer — with the Nifty hitting the 22,500 area back in end Feb. 24, making that about eight weeks of consolidation.The monthly candles have s…See the Story
Nifty In Technical Charts: Still In A Consolidation Mood
India · IndiaA fresh set of ''alert indicators'' have been issued by India's financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime.These new guidelines have been issued under the provisions of the Prevention of Money Lau…See the Story
FIU Notifies Fresh Money Laundering, Terror Financing Reporting Alerts For Capital Markets
Mumbai · MumbaiThe combined market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities.Last week, the BSE benchmark advanced 641.83 points or 0.87%.The valuation of the State Bank of India rallied Rs 45,158.54 crore to Rs 7,15,218.40 crore.ICICI Bank's market valuation rose Rs 28,726.33 crore to Rs 7,…See the Story
SBI, ICICI Bank Drive Market Surge, Top Six Firms Add Rs 1.30 Lakh Crore In Market Value
Pune · PuneThe Indian Ocean is expected to experience surface warming of 1.4 degrees Celsius to 3 degrees Celsius between 2020 and 2100, which will push it into a near-permanent heatwave state, intensify cyclones, affect the monsoon, and lead to a rise in sea levels, according to a new study.The study, led by Roxy Mathew Koll, a climate scientist at the Pune-based Indian Institute of Tropical Meteorology, showed that marine heatwaves (periods of abnormally…See the Story
