Transportation services took a severe blow, with numerous trains...
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Equity benchmark indices jump more than 1 pc to hit life-time peaks
The market capitalisation of all listed companies on BSE surged by...
Former BoI MD Atanu K Das selected as next IIRM director
The post of the director at IIRM will fall vacant shortly as the...
Paytm Mall probe reveals Rs 10-crore cashback fraud: Vijay Shekhar Sharma
Sharma said actions against the wrongdoers are being taken. These include de-listing “hundreds” of sellers to ensure there are only brand sellers on the platform and not the “mom-and-pop shops”, he said adding that “tens” of employees have also been sacked.
Monsoon likely to hit Kerala on June 4: Skymet
The country is likely to receive 93 per cent rainfall of the long period average, Skymet said in a statement.
New India Assurance records a net profit of Rs 605 cr in 2018-19
“While the FY 19 numbers have been below par, the company continues its focus on reducing the loss ratio and combined ratio and deliver better results going forward,” said Sahai
FPIs pull out Rs 3,207 crore in May so far
“While the long-term growth prospect remains for India, we have seen short-term headwinds in May,” said Alok Agarwala, Senior VP and Head – Investment Analytics at Bajaj Capital
‘Modicare’ significant step towards universal health coverage in India: US think tank
“In a country of almost 1.4 billion people that is home to one-third of global maternal deaths, where public spending for health accounts for roughly one percent of GDP and where 60 million people fall into poverty every year because of healthcare bills, fixing healthcare is a daunting task that will determine the world’s performance against the Sustainable Development Goals over the coming decade,” said the report, a copy of which was made available exclusively to PTI.
Cyclone Fani Death toll mounts to 43 people stage blockade
While the state government claimed to have restored power and drinking water supplies in urban pockets of Kendrapara, Jagatsinghpur and Cuttack districts, people Saturday blocked roads connecting Paradip and Cuttack, and the national highway linking Bhubaneswar with Puri, alleging lack of basic amenities.Similar agitations were seen in parts of the state capital where power continued to remain elusive for the eighth consecutive day.
NBFC sector faces imminent crisis, says Corporate Affairs Secretary
“There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,” Srinivas said.However, he added that “responsible” companies are managing the risk well and are not facing such a dire situation.
BoI to sell 25.05% stake in its life insurance joint venture
In its request for proposal (RFP), the bank said it is proposing to sell 6.48 crore equity shares which amounts to Rs 1,106 crore.While BoI has a 28.96 per cent stake in the life insurance joint venture, Union Bank of India and Dai-ichi Life has 25.10 per cent and 45.94 per cent, respectively.
Finally, IRDA cancels license of ITI Reinsurance
Meanwhile, Canadian based Indian born billionaire Prem Watsa, through his Indian general insurance company Digit Insurance, had tried to take over the company but was not allowed by the IRDAI do it as the company hadn’t done any business and any takeover of the company would have been treated as a trading of license which is not allowed under regulations
Indians are addicted to cheap coal power and it’s killing them
With a population forecast to overtake China’s as the world’s largest within just five years, India has a pressing need to alleviate poverty and build infrastructure. That means tackling a complex challenge like air pollution often falls by the wayside. Causes include coal-powered plants, but also unregulated construction sites, agricultural burning, millions of vehicles and an arid landscape, yet debate of the impact remains muted.