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Sensex surges beyond 69k mark as nifty rockets with 400-point rally: Investors’ wealth rises by Rs 2.4 lakh crore
Foreign portfolio investors acquired stocks worth Rs 2,073.2 crore,...
Centre plans to introduce cashless treatment of accident victims pan India
According to Road Transport and Highways Secretary Anurag Jain, it...
PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports
New Delhi has been trying to merge smaller regional state-run banks with better managed larger government-owned lenders as one way to reduce bad loans that stand at more than Rs 9 trillion ($130 billion), or nearly 5 per cent of the nation’s gross domestic output.
RBI to create a specialised supervisory and regulatory cadre to monitor banks and NBFCs
The reason behind a potential overhaul of the RBI supervisory structure are expected to the non-bank finance crisis, failures of credit rating agencies to flag risks, divergence in asset quality by big banks and alleged lapses on the part of auditors
India’s drug regulator warns patients against faulty Medtronic pacemakers
Medtronic reported that healthcare providers were unable to communicate with the device due to battery depletion resulting in loss of pacemaker function. It also reported these events occurred in the US within one year after the patient was implanted with the pacemaker or CRT-P.
Ashok Leyland ready to ride on Elon Musk’s India dream
According to Venkatesh Natarajan, Senior Vice President and Chief Digital Officer, Ashok Leyland, the company is open to Musk for a partnership to finally let Indians experience his path-breaking autonomous Tesla electric cars.
IndiaFirst Life net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore
“With the parent group, Bank of Baroda becoming the third-largest bank in India, and with the private equity firm Warburg Pincus, buying out erstwhile partner Legal and General’s stake, we are poised for the next phase of growth,” R M Vishakha, managing director and chief executive officer, IndiaFirst Life.
FPIs withdraw Rs 6,399 cr in May so far on trade war, election uncertainty
“This change in trend is not entirely unexpected. It can be attributed to both domestic as well as global scenario turning unfavourable. The fallout of the US-China trade talk has waned investors’ risk appetite globally,” said Himanshu Srivastava, Senior Research Analyst, Morningstar Investment Adviser India.
Indian markets cheer Modi’s likely return to power
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...
2019 general elections: The winner gets an economy riddled with problems
With 7% expansion in the year through March, India has held the crown as the world’s fastest-growing major economy. But that’s quickly changing this year as consumption — which makes up 61% of India’s gross domestic product — weakens sharply, with ripple effects on new investments. GDP data due May 31 will probably show growth cooled in the three months through March from a six-quarter low of 6.6%.
Irdai proposes to increase third-party insurance premium for cars, two-wheelers
Similarly, for cars falling between 1,000 cc and 1,500 cc also, premium is being proposed to be increased to ₹3,300 from the existing ₹2,863. However, for luxury cars (with engine capacity of over 1,500 cc) no change in TP premium has been proposed from the existing ₹7,890.
States, UTs asked to hold screening sessions in schools, colleges for mental health, cancer
“Investment in risk behaviour prevention and health promotion among youth are the most cost-effective ways to improve health outcomes. Education institutions can play a critical role in these areas,” the letter stated. The letter mentions that the majority of risk behaviour that impacts health takes shape during young age. The prevalence of common mental morbidity including depression in the age group of 18-29 years is around 9 per cent as per National Mental Health survey.