Private sector life insurer SBI Life Insurance will appeal against the IRDA order directing to refund Rs 275 crore to policy holders, which has been collected in violation of norms.As per the spokesperson of the insurance firm, it will appeal before the chairman of IRDA (Insurance Regulatory and Development Authority) very soon without divulging the timeline.
The insurance regulator's direction to the SBI Life Insurance Company Ltd to refund Rs 275.In case of single premium policy, the premium for the entire policy period is collected upfront and it is lower.
The Rajesh Exports stock rose on Thursday after the firm said it has bagged Rs 929-crore export order from UAE.The order relates to designer range of gold and diamond-studded jewellery and medallions.
Indian budget airline SpiceJet Ltd is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world's fastest growing aerospace market, Bloomberg reported on Thursday.The deal, which would more than double SpiceJet's 40-plane fleet, may be closed within weeks Bloomberg reported, citing people with direct knowledge of the decision.
The airline inducted the first A320 neo -- which have better fuel efficiency -- in June last year and now has a fleet of 23 aircraft.While GoAir did not disclose the total value of the latest order for 72 aircraft, a back of the envelope calculation based on Airbus listed price for 2016 shows that the order would be worth more than Rs 52,000 crore.
After long drawn discussions, SpiceJet is all set to announce an order for 90-100 new aircraft estimated to be worth at least Rs 55,000 crore as the no-frills carrier looks to expand its fleet.The airline, which was on the verge of going kaput two years ago, is likely to place the order with US aircraft maker Boeing.
plane maker is going to supply another 100 of its 737 Max 8 jets to Indian budget airline SpiceJet, an order Boeing says is worth about $11 billion at list prices.to our partners and to the country of India," Boeing (BA) vice chairman Ray Conner said Friday.
The large aircraft orders by domestic carriers continue to grab headlines with the most recent announcement by low-cost carrier (LCC) SpiceJet.The deal has two components: firm order for 155 B737-8 MAX and purchase rights for 50 B737-8 MAX and wide-body aircraft.