New Delhi : Insurance regulator IRDAI on Tuesday issued draft guidelines for standard health product by all insurers including general and health insurance businesses. According to the draft issued on the IRDAI website, the minimum basic sum insured under standard ...
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Feed SubscriptionBusiness worth Rs 25,000 cr hit as traders protest against Pulwama attack: CAIT
New Delhi : The Confederation of All India Traders (CAIT) on Monday said that business worth about Rs 25,000 crore was hit due to the “Bharat Trade Bandh” that was called to protest against the recent Pulwama terror attack. According ...
Read More »LIC may infuse up to Rs 12,000 crore in IDBI Bank to help it meet provisioning for NPAs in Q4
By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover ...
Read More »Indo-Pakistan tension, high oil prices subdue market, PSU banks shed most
Mumbai : A day after a major terror strike in Jammu and Kashmir and subsequent India-Pakistan diplomatic tensions soured the overall market sentiment in the Indian equity market last trading day of the week. Investor sentiment was also hampered due ...
Read More »Cabinet okays inking 3 MoUs with Saudi Arabia
New Delhi : The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the signing of three Memorandums of Understanding (MoUs) with Saudi Arabia for strengthening cooperation in the fields of tourism, customs and investment. The MoU would ...
Read More »Need to move to responsible pricing in crude, balance interests: Modi
Greater Noida : Prime Minister Narendra Modi on Monday said that the world has seen crude prices on a roller-coaster ride for too long and there was a need to move to responsible pricing which balances the interests of both ...
Read More »Sensex ends 151 points lower, Nifty below 10,900
Mumbai : Profit booking along with caution ahead of release of key macro-data and subdued quarterly earnings pulled the two key Indian equity indices lower on Monday. Accordingly, the S&P BSE Sensex fell 150 points, while the Nifty ended below ...
Read More »Macro-data, Q3 results to drive equity indices (Market Outlook)
By Rohit Vaid, Mumbai : Macro-economic data points combined with the direction of foreign fund flows and the rupee’s movement against the US dollar are expected to influence the Indian equity market next week, analysts opined. The ongoing quarterly results ...
Read More »Sensex closes 358 point up on hopes of rate cut
Mumbai : Expectations of rate cut in the Reserve Bank of India (RBI)’s bi-monthly monetary policy outcome due on Thursday, along with some healthy quarterly results, lifted the key equity indices on Wednesday. Besides, healthy foreign fund inflows also aided ...
Read More »Reid & Taylor drama to resume in NCLT on Feb 5
New Delhi : D Day has arrived yet again for Reid & Taylor at the National Company Law Tribual (NCLT), with its next hearing slated for February 5 in Mumbai. This is when the fate of the latest bidder Indian ...
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