Indian News

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

New Delhi: Punjab National Bank (PNB) could take control of two or three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters. New Delhi has been trying to merge smaller regional...

R M Vishakha,MD and CEO, IndiaFirst Life

IndiaFirst Life net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore

Life       May 20, 2019

Mumbai: IndiaFirst Life Insurance on May 20 said its net profit in 2018-19 grew 20 per cent to Rs 61.60 crore as against Rs 51.20 crore a year ago.   IndiaFirst said it has crossed Rs 3,200 crore of total premium during the financial year ended...

Ashok Leyland ready to ride on Elon Musk's India dream 

Mumbai: Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.   Musk wants to make India his next...

Investor wealth soars Rs 5.33 trillion as exit polls predict return of NDA

Eco/Invest/Demography, Wealth Management       May 20, 2019

  Mumbai: Investor wealth soared by more than Rs 5.33 trillion as the benchmark BSE Sensex sprinted more than 1,422 points Monday after exit polls predicted a return of the NDA government led by the BJP. Tracking the sharp uptrend in equities, the market capitalisation of...

India's drug regulator warns patients against faulty Medtronic pacemakers

Health, Risk Management       May 20, 2019

New Delhi: The Indian drug regulator has alerted patients with implants of three Medtronic pacemaker models to seek immediate medical care if they feel light-headed, dizzy or experience chest pain and loss of consciousness, saying these could be signs of the devices' sudden battery depletion.  ...

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

Eco/Invest/Demography, Non-Life       May 20, 2019

  New Delhi: Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator Irdai proposing substantial increase in premium rates for the current financial year.   The Insurance Regulatory and Development Authority of India (Irdai) has proposed to increase the Motor Third...

2019 general elections: The winner gets an economy riddled with problems

Eco/Invest/Demography       May 20, 2019

  New Delhi: A set of deep-rooted economic challenges awaits India’s new government after election results are announced May 23.    Arresting an economic slowdown and nursing the nation’s financial sector back to health will be the immediate priorities for the next administration if Prime Minister Narendra...

Indian markets cheer Modi's likely return to power

Eco/Invest/Demography       May 20, 2019

MUMBAI/BENGALURU: Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014.   The S&P BSE Sensex zoomed over 900 points at open to cross...

FPIs withdraw Rs 6,399 cr in May so far on trade war, election uncertainty

Eco/Invest/Demography       May 19, 2019

  New Delhi: Overseas investors have pulled out a net amount of Rs 6,399 crore from the Indian capital markets in May so far on the back of election-related uncertainty and the US-China trade tensions.   Prior to this, foreign portfolio investors (FPI) were net buyers for...

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