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ICICI Lombard reported a 23.8% rise in net profit at Rs 282 crore for the March quarter

New Delhi, May 2 () ICICI Lombard General Insurance Company on Saturday reported a 23.8 per cent rise in net profit at Rs 282 crore for the March quarter. The non-life insurer had posted a net profit of Rs 228 crore in the corresponding period of 2018-19. The gross direct premium income (GDPI) of the company stood at Rs 3,181 crore in Q4 FY20, compared to Rs 3,485 crore in Q4 FY19, ICICI Lombard said in a regulatory filing. For the full year 2019-20, the profit after tax or net profit increased 13.8 per cent to Rs 1,194 crore from Rs 1,049 crore in the preceding fiscal. GDPI of the company stood at Rs 13,313 crore in FY20 compared to Rs 14,488 crore in FY19, a de-growth of 8.1 per cent, it said. Excluding crop segment, GDPI increased to Rs 13,302 crore during the year compared to Rs




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Jet fuel now costs less than a third of diesel price in India

New Delhi, May 3 () Jet fuel (ATF) prices have been slashed by a steep 23 per cent in line with a slump in international oil prices and it now costs about one-third of petrol and diesel whose rates continue to be frozen for the 50th day on Sunday. Aviation turbine fuel (ATF) price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to Rs 22,544.75 per kl in the national capital, according to a price notification by state-owned oil marketing companies. 75463339ATF, which is used as a fuel in aeroplanes, now costs less than one-third of the price of petrol used in cars and two-wheelers. A litre of petrol in Delhi comes for Rs 69.59 while jet fuel is priced at Rs 22.54 per litre. Diesel, used mostly in trucks, buses and tractors, is priced at Rs 62.29 per litre. In fact, even market




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India's small savers parked over a $1.5 billion in pension schemes spooked by the stock market carnage in April

India's National Pension System (NPS) has bucked the downtrend triggered by Covid-19 outbreak and the subsequent nationwide lockdown to contain it. During the first three weeks of April, the scheme along with the Atal Pension Yojana (APY) has seen an upsurge in new enrolments and an increase in assets under management (AUM) of these programmes.ALSO WATCH: The CEO of mutual fund house explains how to invest your savings in the post-coronavirus world In financial parlance, NPS and APY are Central government backed schemes which are administered by Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the NPS and the pension schemes to which this Act applies.75468072The




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There is at least one frontline worker in every 10 COVID-19 cases in US—and that's why we need to respect and protect them

This is an excerpt of an article originally published in the Observer Research Foundation. Viral load matters.Although there’s plenty we still don’t know about all the ways coronavirus ravages the human body, data are telling us at least this much: More than 10 in 100 frontline healthcare workers in the US are getting infected with COVID19.Frontline health care workers who are typically in closest proximity with confirmed COVID19 patients account for 11% per cent of US COVID19 cases according to the first national level data released by the Centers for Disease Control and Prevention (CDC).7551518275516736Doctors on the cutting edge of COVID19 research have been urging policy makers to factor viral dose and its relationship to severity. This CDC report based on data between February 12–April




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Here's how Reliance Industries right issue may affect the share price

A rights issue is an invitation to existing shareholders to buy more shares at a discount to the market price. RIL's investors can subscribe to the right to own one new share for every 15 held in the company at ₹1,257 per share, 14% below Thursday’s (April 30) closing price. Even if you expect that RIL shares will be worth a lot more in the future, if the share falls to ₹1,257, or below, investors can buy the shares from the market instead of subscribing to the rights.The rights issue announced by one of India's most valued company, Reliance Industries (RIL), will have to conclude by the end of June, as declared by the company. The company owned by Asia's richest man, Mukesh Ambani, plans to mop up ₹53,125 crore from shareholders. RIL's investors can subscribe to the right to own one new share




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LinkedIn’s Virginia Sharma joins JioSaavn as Vice President, Brand Solutions

Previously a top sales director at LinkedIn, Virginia joins JioSaavn to lead global brands partnerships and the company’s growing audio ad platform. She will be responsible for driving adoption of JioSaavn’s innovative advertising solutions for brands, while overseeing agency and client relationships.JioSaavn has on-boarded Virginia Sharma as Vice President of Brand Solutions. Based out of JioSaavn’s Gurgaon office, Sharma will lead the company’s global digital ad monetization efforts across platforms. She will be responsible for driving adoption of JioSaavn’s innovative advertising solutions for brands, while overseeing agency and client relationships. With more than 20 years of experience leading marketing and sales teams, Sharma joins JioSaavn from LinkedIn, where she excelled in the top




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Three Indian photojournalists win Pulitzer price for covering Jammu and Kashmir after it lost its special status

Columbia UniversityDar Yasin, Mukhtar Khan and Channi Anand captured the life inside Jammu and Kashmir after the abrogation of article 370. Pulitzer Prize is the highest honour US-based journalists can get.On August 5, Modi-government revoked Article 370 of the Indian constitution that gave Jammu and Kashmir a special status and formed two separate Union Territories.Three photojournalists — Dar Yasin, Mukhtar Khan and Channi Anand — who work at Associated Press in India have won the 2020 Pulitzer Prize in feature photography. The three photojournalists won the prize “for striking images of life in the contested territory of Kashmir as India revoked its independence, executed through a communications blackout,” said the Pulitzer website. Thank you Colleagues, friends, brothers. I would just




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Petrol and diesel prices are rising as states hike tax to cover coronavirus cost⁠— the steepest hike is in Delhi

IANSVAT on petrol was increased to 30% from 27%, previously. In the case of diesel, VAT has been almost doubled to 30% from 16.75% Petrol in Delhi now costs ₹71.26 a litre as against ₹69.59 previously. Previously, the Delhi government imposed a 70% fee on the maximum retail price of all categories of liquor sold through retail licenses for consumption off the premises.A day after imposing the special ‘corona fee’ on liquor, the Delhi government has hiked local sales or value-added tax on petrol and diesel. VAT on petrol was increased to 30% from 27%, previously. In the case of diesel, VAT has been almost doubled to 30% from 16.75%. Old PriceNew PricePetrol ₹69.59₹71.26Diesel₹62.29₹ 69.39Petrol price in the national capital was hiked by ₹1.67 a litre on May 5 and diesel by a steep ₹7.10 per




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Apple announces 13-inch MacBook Pro with Magic Keyboard starting at ₹1,22,990

Apple has announced the new 13-inch MacBook Pro in India starting at ₹1,22,990.The new 13-inch MacBook Pro features increased storage and the improved Magic keyboard.The MacBook Pro will be available from authorised Apple resellers after the lockdown ends. Cupertino-based tech giant Apple has announced the new 13-inch MacBook Pro in India amid the ongoing Coronavirus pandemic. The new refresh comes just 10 months after the company had updated the MacBook Pro with Touch Bar and True Tone display.The new 13-inch MacBook Pro replaces the existing Butterfly keyboard with the Magic keyboard that has a redesigned scissor mechanism with 1mm of key travel, a physical escape key, Touch Bar and TouchID. The Magic keyboard was first introduced with the 16-inch MacBook Pro.Apple 13-inch MacBook Pro pricing




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Pregnant woman dies from COVID-19 in Nashik (Maharashtra) on may 5th

Nashik, May 5 () A 20-year-old pregnant woman died due to COVID-19 here, taking the toll in Nashik district of Maharashtra to 13, while four more persons tested positive for the infection on Tuesday, officials said. The woman, a resident of Bajrang wadi area of the city,was admitted in serious condition in the District Civil Hospital here on May 2, according to an official release.She died at the hospital after two hours, it said.Her swab report was received on Tuesday and it was found to be positive for the novel coronavirus, the release said.This was the first COVID-19 fatality reported from Nashik city, while the district's toll increased to 13, itsaid.Besides, four more persons - one each from Satana, Sinnar, Yeola and Malegaon towns - tested positive for coronavirus in the district on




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Wipro is converting its Pune office into a COVID-19 hospital

New Delhi, May 5 () IT major Wipro on Tuesday said it has inked a pact with the Maharashtra government to repurpose one of its campuses in Hinjewadi, Pune, to a 450-bed COVID-19 intermediary care hospital in four weeks. The facility will be handed over to the state government by May 30, and the hospital will be converted back to an IT facility after a year, according to a statement. The 450-bed hospital, to be equipped to treat moderate cases, will include 12 beds to stabilise critical patients before shifting them to a tertiary care facility. "This is an independent, isolated COVID-19 dedicated complex that also includes 24 well-appointed rooms to accommodate doctors and medical staff," the company said. Maharashtra is among the worst-affected states by the pandemic. As on Tuesday morning,




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Aarogya Setu denies privacy breach, contradicts ethical hacker’s claims

Aarogya Setu has claimed that the Coronavirus tracking app is secure, and no privacy breaches have been found.Elliot Alderson, an ethical hacker had claimed that he had found a security issue in the app.French ethical hacker who goes by the fictitious name Elliot Alderson claimed that there was a security issue in Aarogya Setu, the coronavirus tracking app launched by the Indian government. In his tweet, Elliot Alderson had claimed that a security issue has been found in the Aarogya Setu app and that the privacy of over 90 million Indians was at risk. Soon after this, Alderson was contacted by the National Informatics Centre (NIC) and the Indian Computer Emergency Response Team (CERT-In). After disclosing the issue to them, Alderson said that he would wait for the issue to be fixed before




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A BBC investigation revealed how the far right is exploiting the Covid-19 pandemic to spread conspiracies – it’s no different in India

Coronavirus conspiracies are being spread by far-right groups across the world – from blaming 5G technology to targeting Muslim and other minority communities.Some of the Coronavirus conspiracy theories also say that this pandemic is a population control tool.In India, the Tablighi Jamaat incident has been used by far-right groups to target Muslims using hashtags like #CoronaJihad, using the pandemic to suggest that it is a form of terrorism.Other Coronavirus conspiracies in India suggest that hot weather, clove and herbs, and alcohol can help people avoid contracting Covid-19.The Coronavirus pandemic has forced the Indian government to announce a nationwide lockdown since March 24, but it’s not just the deadly disease that we need to worry about. There have been many conspiracy theories,




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These are the privacy issues in Aarogya Setu, India's Covid-19 tracker app, alleged by French hacker Elliot Alderson

Elliot Alderson has claimed that the Aarogya Setu app allows users to find out who is sick in a particular area.He has also contradicted the Aarogya Setu team’s claim that bulk calls to the API are not possible.A French ethical hacker who goes with the alias "Elliot Alderson" earlier claimed that he found security and privacy issues in India’s Covid-19 tracker app Arogya Setu. This was denied by the Aarogya Setu team and they said that the app is secure.After this, Alderson has come up with a post highlighting the issues found by him in the Aarogya Setu app.App allows users to access internal filesIn April, Alderson found that the WebViewActivity allowed users to access internal files of the app by using commands as there was no host validation. However, the issue has now been fixed.Aarogya




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India’s government debt could mount to 81% of GDP by 2024 even at the pre-COVID rate of growth, warns Moody’s

Moody's Investors Service said India’s Baa2 negative rating is unlikely to improve given the economic shock triggered by the coronavirus outbreak.However, the report noted that the COVID-19 crisis has only exacerbated the impact of some of India’s existing evils.The $2.7 trillion economy, the seventh largest in the world, is riddled by low household income, high government debt, and weak policy reforms and implementation.Moody's Investors Service said India’s Baa2 negative rating ⁠— while cutting growth estimate for the year to 0.2% ⁠— down from our previous forecast of 2.5%. is unlikely to improve given the economic shock triggered by the coronavirus outbreak. Over the next five years, India’s government debt could be as high as 81% of the country’s gross domestic product, it said.However,




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Mi 10 is Xiaomi’s first high-end phone to launch in India after 2 years ⁠— and these are its improved features

Xiaomi has launched the Mi 10 flagship smartphone, Mi Box 4K streaming device and Mi True Wireless Earphones 2 in India.The Mi Box 4K will take on the Amazon Fire TV Stick and the Mi True Wireless Earphones 2 Xiaomi has re-entered the flagship segment in India with its new Mi 10 series, with high-end hardware and features like a 108MP camera and 5G support. It was announced in China in February this year. Apart from this, Xiaomi also launched several products in an online event, including the Mi Box 4K and the Mi True Wireless Earphones 2. It had to postponed the launch event earlier due to the nationwide coronavirus lockdown.Here are the prices of the Xiaomi products announced today –ProductPriceXiaomi Mi 10 8GB + 128GB₹ 49,999Xiaomi Mi 10 8GB + 256GB₹ 54,999Xiaomi Mi Box 4K₹ 3,499Xiaomi




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SBI Card profit gets squeezed by bad loans, impairment charge, and a big provision for COVID-19

This is the first earnings report released by SBI Cards and Payment Services since it was listed on the bourses in March 2020.In Q4 2020, SBI Cards’ profits fell by 66% compared to the same period last year, to ₹83.5 crore from ₹249 crore.The company also created a provision of ₹489 crore to account for the economic concerns arising due to the Covid-19 pandemic.On the flip side, SBI Cards’ asset quality improved, with its non-performing assets declining to 2.01% from 2.44% a year earlier.SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall of 66% in its profits to ₹83.5 crore, while its bad debts and impairment losses rose by 138% to ₹838 crore on a year-on-year basis. “Considering the possible effects from the pandemic relating to COVID-19, the




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Less projects will go on floors post lockdown, says Jackky Bhagnani

Mumbai, May 9 () Actor-producer Jackky Bhagnani forbodes that in the post-coronavirus film industry, it might take more time for movies to be greenlit.Talking both from the perspective of a producer and actor, Jackky said there will be some changes that will happen once the countrywide lockdown is lifted."As an actor, I see that there will be a lesser number of projects that will go on the floors. Most investors and producers will take their time to green-light projects."As a producer, there might be some pragmatic decisions to be taken on which projects to do first and how to minimise costs without affecting the scale or demands of the script," he told .Jackky's production banner, Pooja Entertatinment's two films -- Varun Dhawan and Sara Ali Khan-starrer "Coolie No 1" and Akshay Kumar's "Bell




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These surprisingly relevant vintage ads show how officials tried to convince people to wear masks after many refused during the 1918 flu pandemic




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Xbox lead Phil Spencer says the industry will start to see the impacts of coronavirus in early 2021, as some crucial aspects of video game production have 'basically stopped'

The video game industry has enjoyed record profits amid the spread of the coronavirus, as millions of people sheltering in place turn to gaming for entertainment.Huge game releases like "Animal Crossing: New Horizons" and "DOOM Eternal" enjoyed larger than expected launches, and upcoming games like "The Last of Us: Part II" and "Cyberpunk 2077" have brewed excitement.Moreover, new game consoles like Sony's PlayStation and Microsoft's Xbox are expected this holiday season. But the game industry is bound to see an impact from coronavirus — just not yet. "Through the summer, early fall? I feel pretty good about those games," Xbox head Phil Spencer told Business Insider in an interview. "Games that were targeting a year from now or beyond? There'll be some impact, but they'll be able to react."Visit




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Here's an idea why Secretary of State Pompeo keeps spreading the conspiracy theory that coronavirus escaped from a Chinese lab

75631454Secretary of State Mike Pompeo and other China hawks in GOP are ignoring US intelligence agencies, and continuing to spread the conspiracy theory that the coronavirus came from a Chinese government lab.They're doing it for an audience of one — Donald Trump.China hawks have always fought to get Trump to take an even harder line on China, but he's often put his hopes of signing a trade deal with China first.By turning this anti-China conspiracy theory into a talking point on Trump's favorite TV shows and in his political circles, though, hawks could win Trump to their side. It's worked before.This is an opinion column. The thoughts expressed are those of the author.Visit Business Insider's homepage for more stories.In recent weeks Secretary of State Mike Pompeo has been making the rounds




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White House press secretary Kayleigh McEnany says she slammed Trump's 'racist' rhetoric in 2015 because she 'naively' watched CNN

White House press secretary Kayleigh McEnany blamed CNN and her own naiveté for somehow convincing her to call President Donald Trump's rhetoric about immigrants "racist" and "hateful" in 2015. "For about the first four weeks of the election, I was watching CNN and I was naively believing some of the headlines that I saw on CNN," she said. "I very quickly came around and supported the president."In newly-unearthed footage, McEnany passionately and repeatedly attacked then-candidate Trump, calling him "a showman" who didn't deserve a place in the Republican Party. Visit Business Insider's homepage for more stories.During her press conference at the White House on Friday, Kayleigh McEnany, President Donald Trump's newly-installed White House press secretary, blamed CNN and her own naiveté for




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Top White House officials shelved guidance for reopening the US despite CDC approval

Top White House officials shelved expert guidance to reopening America from the Centers for Disease Control and Prevention, despite the report being greenlit by the CDC director, the Associated Press reported.The first 17 pages of the report — which spanned more than 60 pages — was initially released by the AP on May 7, after the White House killed its release on April 30, the day federal social distancing guidelines were set to expire.Following the AP report on Thursday, the White House subsequently fast-tracked the approval for release of the guidance.White House spokeswoman Kayleigh McEnany told reporters Friday that the report was not released because CDC director Robert Redfield had not approved of it. However, internal emails obtained by the AP suggest a different timeline.Visit Business




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'There is no precedent that anybody can find': Obama reportedly excoriated the DOJ's decision to drop the Michael Flynn case in a private call

Former President Barack Obama excoriated Justice Department over its decision to drop its case against former national security adviser Michael Flynn, during a private call with the Obama Alumni Association, Yahoo News reported."There is no precedent that anybody can find" in which "someone who has been charged with perjury just getting off scot-free," Obama said, though he misstated the crime Flynn pleaded guilty to.The former national security adviser pleaded guilty in December 2017 to lying to the FBI as part of the Russia probe. After initially cooperating with prosecutors, Flynn hired a more combative defense team that called for a judge to dismiss the case after alleging prosecutorial misconduct."That's the kind of stuff where you begin to get worried that basic — not just institutional




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The accusation against Joe Biden has Democrats rediscovering the value of due process

75647493Presumptions of guilt do not serve justice, they inevitably lead to false accusations and ruined lives.That's something Democrats are rediscovering now that Joe Biden, the presumptive Democratic presidential nominee, faces a sexual assault allegation.In the #MeToo era, "Believe Women" was meant to create a societal change that women would be taken seriously when they reported abuse.But it was taken literally by some Democrats, including prominent lawmakers, such as Biden himself.Due process is not exclusively for the popular. It's for both the guilty and the wrongly accused, and it's the foundation that gives just verdicts their weight. This is an opinion column. The thoughts expressed are those of the author.Visit Business Insider's homepage for more stories.Justice requires a code.




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The Project's Hamish Macdonald calls Bachelor In Paradise 'Love Island'

Hamish Macdonald suffered from an awkward slip of the tongue while co-hosting The Project on Monday night.  




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Carrie Bickmore promotes Beanies 4 Brain Cancer initiative

Carrie Bickmore caught up with the judges from Masterchef on Tuesday, where they donned her popular Beanies 4 Brain Cancer head wear.




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Apollo Jackson tells The Project hosts that he hasn't found love

Apollo Jackson confirms he hasn't found love since leaving Bachelor in Paradise, while dodging questions about whether he is set to become the next Bachelor.




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The Project's Meshel Laurie speaks out on royal baby

The Duchess of Cambridge left fans in awe on Monday when she posed for pictures with her newborn baby just seven hours after giving birth.




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The Project's Peter Helliar avoids discussing PMS symptoms

The Project's Peter Helliar, 42, avoids discussing PMS symptoms with his co-hosts, in hilarious segment on Tuesday's program.




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Bill Cosby accuser recalls harrowing details during The Project interview 

On Thursday, disgraced comedian Bill Cosby was convicted of drugging and sexually assaulting Andrea Constand at his home in 2004.




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The Project's Lisa Wilkinson slams troll on Instagram

But things took a turn for the worse today for Lisa Wilkinson after the TV presenter was accused of deliberately not sharing pictures of her Project colleagues on Instagram.




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The Project's Steve Price slammed after pill testing comments

Steve Price has been slammed over social media for his comments on pill testing. He argued with drug expert Matt Noffs about the social benefits of drugs testing.




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Steve Price pokes lighthearted fun at The Project's Waleed Aly

Steve Price, 63, pokes lighthearted fun at The Project's Waleed Aly, 39, during his first stand-up comedy skit on Tuesday's program.




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The Project's Tommy Little bungee jumps completely naked

Tommy Little took his charity fundraising to extremes on Tuesday's episode of The Project when he stripped off and bungee jumped naked. 




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Carrie Bickmore launches new Beanies 4 Brain Cancer range on The Project 

Carrie Bickmore, host of Australian talk show The Project has released a new range of headwear called Carrie’s Beanies 4 Brain Cancer to raise money for brain cancer research.




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Nick Giannopoulos takes a dig at George Calombaris on The Project

Funnyman Nick Giannopoulos has taken a dig at George Calombaris as the Masterchef host is embroiled in a bitter neighbour dispute




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Madeleine West has reveals she's 'a bit nuts' on The Project

Actress, author and mother of six Madeleine West has admitted she is 'a bit nuts' on Thursday's Project t for writing a series of children's books while juggling her large brood




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The Project's Carrie Bickmore fights back tears during emotional segment

Carrie Bickmore became choked up after hearing about a 12-year-old boy's struggle with Tourette's syndrome.




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The Project's Carrie Bickmore makes risque remark to Lisa Wilkinson

The Project's Carrie Bickmore made a very risque remark live on the show on Wednesday night. 




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Lisa Wilkinson spruiks Royal Wedding condoms

She's in London covering the Royal Wedding, and it appears Lisa Wilkinson is getting into the spirit by spruiking some very unusual merchandise.




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Waleed Aly makes a shock exit from The Project

Carrie Bickmore made a very risqué remark live on The Project on Wednesday night. 




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The Project guest Anne Edmonds storms off after Royal family tirade

Comedian Anne Edmonds stormed off The Project on Wednesday after screaming erratically, verbally abusing hosts and slamming the Royal family in bizarre appearance.




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Anne Edmonds slammed after Royal Family rant on The Project

Comedian Anne Edmonds has been slammed on social media for staging a bizarre rant and storming off set during an appearance on The Project this Wednesday. 




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Meet Anne Edmonds behind bizarre Royal Family rant on The Project

Fans of The Project won't soon forget the moment comedian Anne 'Eddo' Edmonds descended into a hysteric rant about the Royal Family this Wednesday. 




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The Project's Meshel Laurie reveals her true feelings about abortion

The Project's Meshel Laurie has revealed her TRUE feelings about abortion amid Ireland's divisive debate.




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Fans savage Meshel Laurie for sparkly purple wig on The Project

Fans of The Project have taken to social media to savage Meshel Laurie's choice of purple wig on Friday night's show.




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The Project's Peter Helliar gets roasted about his Logie snub

The Project's Peter Helliar was not nominated for a Gold Logie this year. And on Monday, the comedian was mocked for being snubbed of an award nomination on Have You Been Paying Attention ?




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The Project's Carrie Bickmore appears to endorse rude coffee cup

Carrie Bickmore is known as a well-mannered and respectable TV and radio host, who has received a Gold Logie for her work on The Project.




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Waleed Aly has a terse exchange with Lisa Wilkinson on The Project

Waleed Aly and Lisa Wilkinson were involved in a terse exchange on Friday night's episode of The Project over the topic of Pauline Hanson.