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Sundaram Finance, TVS Group companies contribute Rs 8 cr to Tamil Nadu s COVID-19 relief

The contribution includes Rs 2.50 crore to the Chief Minister s Public Relief Fund, Rs 2.50 crore to the Tamil Nadu State Disaster Management Authority and Rs three crore towards import of oxygen concentrators, oxygen flow meters.

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Sundaram Finance, TVS Group companies contribute Rs 8 cr to TN s COVID-19 relief

Chennai, May 29 (PTI) Non Banking Finance Company Sundaram Finance and TVS Group companies,including Brakes India, Wheels India, Sundaram Home Finance and Royal Sundaram General Insurance have contributed Rs eight crore towards the Tamil Nadu government's COVID-19 relief efforts.

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Route Mobile - Acquisition to help add marquee clients - ICICI Securities

Route Mobile - Acquisition to help add marquee clients - ICICI Securities
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Route Mobile Limited signs definitive agreement to acquire Phonon Communications Private Limited

Route Mobile Limited signs definitive agreement to acquire Phonon Communications Private Limited
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Irdai slaps Rs 51 lakh fine on four insurers for violation of norms

Regulator Irdai has imposed a penalty of Rs 51 lakh on four insurers, including SBI General Insurance Company, for violation of certain norms related to motor insurance. A penalty of Rs 25 lakh has been imposed on SBI General Insurance Company for not fulfilling regulatory obligations under the Motor Third Party (MTP) business. The Insurance Regulatory and Development Authority of India (Irdai) has also imposed a penalty of Rs 13 lakh on Liberty General Insurance Limited, Rs 10 lakh penalty on Bajaj Allianz General Insurance Company, and Rs 3 lakh on Royal Sundaram General Insurance Company. In the order on SBI General Insurance Company, Irdai said the charge was that the the insurer did not comply with the MTP Obligation for the financial year 2017-18 calculated as per Regulation 3 of the Irdai (Obligation of Insurer in respect of Motor Third Party Insurance Business) Regulations, 2015.

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