Jayant Sinha, chairman, Parliamentary Standing Committee on Finance...
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Max Life gets Irdai nod for Rs 1,612 cr infusion by Axis Bank
Last year in August, the company announced a capital infusion by...
CCI approves Zurich Insurance stake in Kotak Mahindra General Insurance
In November last year, the Switzerland-based Zurich Insurance Group...
Auto majors see falling sales in Feb
-The country’s largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.Hyundai Motor India Ltd (HMIL) also reported a 10.3 per cent decline in total sales at 48,910 units while Mahindra and Mahindra (M&M) recorded a 42 per cent decline in total sales at 32,476 units in the same month.
-However, major automobile manufacturers Maruti Suzuki, Hyundai and Toyota Kirloskar Motor do not see any immediate impact on their production schedules due to disruption in supply of components from plants located in coronavirus-hit China.
Bill to avert PMC Bank-like crisis may get Parliament nod in Budget session
To further bolster the confidence of customers, the government has increased deposit insurance cover by five-fold to Rs 5 lakh to ensure security of public money in banks.
FPIs Invest Rs 6,554 Crore In Indian Capital Markets In February
On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019. Like other global markets, the Indian markets too came in the line of fire by the coronavirus scare. FPIs have been wary of investing in markets which rely on tourism as the spread of virus can adversely impact their prospects and economic growth.
Punjab to reduce govt employees retirement age to 58 yrs
“The retirement age of government employees has been reduced from 60 to 58 years. With this, we will be able to provide employment to three to four times the number of people who retire. We will also be able to get more talented pool of young people to serve Punjab, Badal said while addressing media later.
Coronavirus spread puts densely populated India on high alert
Apart from its sheer size, India is cause for particular worry because of the density of its population: 420 people live on each square kilometer (about 0.4 of a square mile), compared with 148 per square kilometer in China. Places like Mumbai’s Dharavi slum, or even a typical Indian household containing extended families, can facilitate contact with virus-bearing droplets emitted by breathing, talking, coughing or sneezing.
Sensex nosedives 1,448 pts,Investors lose Rs 5.50lakh crore
Even as the Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over fears that the fast-spreading coronavirus outbreak could trigger a global recession.the country’s gross domestic product (GDP) growth in the October-December quarter of 2019 (Q3 of FY20) stood at 4.7 per cent, showed official data released by the Central Statistics Office (CSO) on Friday.
Oriental Insurance needs Rs 3000 cr capital: CMD
A V Girijakumar,CMD , OIC said that the growth expectations might be tailored depending on the availability of capital. “The capital could either come from the government, its promoter, or through an IPO,”
March-May period likely to be warmer than normal: IMD
It is likely to be warmer than normal by 0.5 to 1 degree Celsius over Jammu and Kashmir, Haryana, Chandigarh and Delhi (HCD), west Uttar Pradesh, east Rajasthan, east and west Madhya Pradesh, Chhattisgarh, Odisha, sub-Himalayan West Bengal, Gujarat, Maharashtra, Goa, north interior and coastal Karnataka, Rayalaseema in Andhra Pradesh and Kerala.
If issues not resolved, Coronavirus will pose challenges to economy in 3 weeks: Sitharaman
On the impact of coronavirus on the economy, Finance Minister Nirmala Sitharaman on Friday said there is no need to immediately press the “panic button”, but admitted that it may get challenging if the issues prolong for another two or three weeks, citing her conversations with the industry players over the last few days.
Govt to meet exporters on Mar 3 to discuss opportunities amid coronavirus
“The outbreak of this disease has reflected that depending completely on one country for goods is not a good idea and in such a situation, India is best placed to fill this global supply chain gap,” the source said.