Indian News

Mutual funds log Rs. 1.26 lakh cr inflow in Nov

Wealth Management       Dec 10, 2017

  NEW DELHI:   Investors have pumped Rs. 1.26 lakh crore into mutual funds in November, driving industry assets under management to an all-time high of Rs. 21.8 lakh crore. With the latest inflow, total infusion in MF schemes reached Rs. 3.8 lakh crore in the first...

Indiabulls Housing sells 100 per cent stake in Indiabulls Life

Life-News       Dec 09, 2017

Mumbai: Indiabulls Housing Finance today said it has sold its entire shareholding in Indiabulls Life Insurance Company for a cash consideration of Rs 5 lakh to SORIL Holdings and Ventures.   The company has sold its 100 per cent shareholding in 'Indiabulls Life Insurance Company Limited',...

Bollywood celebrity Farhan Akhtar(L) and Anthony Jacob, MD & CEO, Apollo Munich Health Insurance, at an event in Mumbai on Friday

Apollo Munich Health Insurance eyes Rs 1700 cr prm in 2017-18

Health       Dec 08, 2017

  Mumbai: The stand alone health insurer Apollo Munich Health Insurance (AMHI) is eyeing Rs 1700 crore of premiums during 2017-18.   ``At Rs 1700 crore, we are targeting a growth of 30 per cent in  our total premium income by the fiscal-end. We had mobilised a...

Delhi CM Arvind Kejriwal

Won't tolerate open loot, negligence by pvt hospitals:Kejriwal

Health       Dec 08, 2017

New Delhi: Delhi Chief Minister Arvind Kejriwal today said his government will not tolerate "open loot and criminal negligence" by private hospitals, hours after the licence of Max Hospital at Shalimar Bagh was cancelled.   He said the AAP government was "very sensitive" in both education...

IRDAI forms panel to explore innovation in insurance

Regulation       Dec 07, 2017

Hyderabad: The insurance regulator IRDAI has constituted a broad panel under Yegnapriya Bharath,chief general manager, IRDAI, on Thursday to examine how technological advancements particularly wearable and portable devices can be a part of a regulatory policy frame-work and be harnessed for the growth Indian insurance...

Arun Jaitley, Finance Minister

Finance ministry’s assurances on new FRDI Bill,won't take away your money in the bank 

Economy       Dec 07, 2017

  New Delhi: The FRDI Bill(Financial Resolution and Deposit Insurance Bill, 2017), under consideration of a joint parliamentary committee, is depositor friendly and provides more protection to them compared to existing provisions, the finance ministry said today.    The statement comes in the wake of "certain misgivings"...

Ready to extend Aadhaar deadline to March 31, Centre tells SC

Economy       Dec 07, 2017

New Delhi: The Centre on Thursday informed the Supreme Court that it was willing to extend till 31 March next year the deadline fixed for mandatory linking of Aadhaar for availing of various services and welfare schemes.   The Supreme Court will be setting up a...

RBI rationalises charges on debit card transactions

Regulation       Dec 06, 2017

Mumbai: The Reserve Bank of India (RBI) today came out with differentiated merchant discount rates (MDR) for debit card transactions, prescribing separate caps for small and large tradersIn order to promote digital payments, the Reserve Bank of India (RBI) on Wednesday came out with differentiated...

Dr Prathap C. Reddy, Chairman, Apollo Hospitals

Apollo Hospitals launches Heart Disease Prevention & Reversal Program

Health       Dec 06, 2017

New Delhi:   Apollo Hospitals, Asia's largest healthcare group, today launched the 'Healthy Heart' Program, tailored to help persons prone to heart diseases and patients already suffering from heart ailments,  to arrest and reverse the progress of the disease.     Once enrolled, the program includes continuing healthy...