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Festive demand, better production lead to highest-ever November PV wholesales
''It is the highest-ever November wholesale figure for the...
Govt has no plans to table `The Insurance Bill, 2023 during Winter Session of Parliament
``By all means, the fate of the `The Insurance Bill, 2023’ is...
Govt notifies thresholds for filing class action lawsuits
An application for class action can be filed by a member or members representing five per cent of the total members of a company. It can also be done by 100 members of a company, whichever is less, according to the ministry.The same criteria will also be applicable for depositors of deposit-taking companies.In case of an unlisted company, a member or members holding at least five per cent of the issued share capital can file for class action. For listed companies, this threshold would be two per cent.
PSU gen insurers lose motor business to pvt players, health segment market share grows 5 % in 2018-19
Remarkably, the segment that has seen quite a faster growth in terms of premium and market share in 2018-19 is- health insurance, which at Rs 45,489 crore, has grown by 21 per cent and has now a market share of 27 per cent(22 per cent).
IRDAI asks insurers to expedite “Cyclone Fani’ claims
The regulator wants insurers to report the claims settled for the cyclone related deaths in Odisha and neighbouring states ona daily basis.
ITRs fell in 2018-19 due to inclusion of past AY’s return filings: I-T dept
While the tax department’s e-filing website showed returns filed in 2018-19 fell to 6.68 crore from 6.74 crore in the previous fiscal, the Central Board of Direct Taxes (CBDT) in a statement clarified that the returns filed included those of previous assessment years, excluding which returns filed in 2018-19 showed an almost 19 per cent rise.
India’s e-car plan has just one potentially flaw
India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations.
Mastercard commits Rs 7,000 crore investment in India in next 5 years
There were as many as 990.6 million cards (46 million credit cards and 945 million debit cards) at the end of February 2019, according to RBI data.
Britannia violated listing norms in not reporting Ness Wadia’s arrest: InGovern
“The arrest of promoter was a material event and that was to be disclosed to the stock exchanges. That was not done by Britannia,” Subramanian told PTI.
This is a violation of LODR by the company, he said, adding Wadia must step down in the interest of larger corporate governance.
Volkswagen gets relief as SC stays Rs 500-cr penalty imposed by NGT
The green panel on November 16, 2018 had said use of ‘cheat device’ by Volkswagen in diesel cars in India led to the inference of environmental damage and had directed it to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).
Cyclone Fani: PM grants Rs 1,000 cr more for relief work; hails CM Patnaik
“I would like to praise the people of Odisha. Shifting 12 lakh people is not easy. Lives have been saved, that’s more important for me. The central government will also give Rs 2 lakhs to the kin of those who have lost their lives due to Cyclone Fani. Also, Rs 50,000 will be given to those who have got injured,” Modi said.
Cyclone Fani: Death toll rises to 29 in Odisha, CM announces relief package
Announcing a relief package for those affected by the calamity, Chief Minister Naveen Patnaik said all families in Puri and in those parts of Khurda, which had been “extremely severely affected” in the storm, will get 50 kg of rice, Rs 2,000 in cash and polythene sheets, if covered under the Food Security Act (FSA).