Zurich Insurance Group Invests ₹4,051 Crore in Kotak General Insurance, Marking Largest Foreign Investment in Indian Non-Life Insurance
Zurich Insurance Group has announced a strategic alliance with Kotak Mahindra Bank, one of India’s leading private sector banks, by acquiring a 51% stake in Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) for approximately USD 488 million.
Noida International Airport Prepares for Takeoff: IndiGo to be the First Carrier
The Noida International Airport, located in Jewar, is set to become operational by the end of 2024. In its first phase, the airport will feature one runway and one terminal, with a capacity to handle 12 million passengers annually. Subsequently, upon the completion of its fourth phase, the airport aims to accommodate up to 70 million passengers each year, thereby establishing itself as a major aviation hub.
“From Statistics to Solutions: Addressing India’s 27% Gender Wage Gap in 2023”
Overall Pay Gap: The gender pay gap in India stands at an alarming 27%, with women earning on average 73% of what men earn for identical roles. In some sectors, such as technology, the gap widens, with women earning just 60% of what their male counterparts do. Another perspective puts this gap at 19%, indicating some variability in these findings.
CII Survey: Taxpayers Hail I-T Refund Process as More Efficient and Transparent
A recent survey by the Confederation of Indian Industry (CII) has revealed a significant improvement in the efficiency of the income tax (I-T) refund process, with over 87% of individual respondents and 89% of firm-level respondents reporting satisfaction with the process.
“Challenges in the Indian Railways: A Closer Look at the Numbers”
The Indian Railways (IR), one of the world’s largest railway networks, has always played a crucial role in the country’s economic development. However, recent data suggests that this vital institution is facing some significant challenges
Personal Loans Set to Become Costlier as RBI Tightens Lending Norms
The Reserve Bank of India’s (RBI) recent decision to tighten lending norms for personal loans is likely to push up interest rates by 25-100 basis points, making them more expensive for borrowers.
The Plight of Madhya Pradesh’s Rural Workers: A Deep Dive into the Wages Crisis
The scenario is equally grim for non-agricultural workers in MP, who earn an average daily wage of ₹246.3, again below the national average of ₹348. Construction workers in MP fare slightly better but are still below the national average, earning ₹278.7 per day compared to the national average of ₹393.3.
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