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PSU insurers’ shares see sudden spurt on Friday
After lying low in recent years, on Friday GIC Re's share price has...
Berkshire Hathaway exits Paytm; sells 2.46 pc stake for Rs 1,371 crore
The shares were disposed of at an average price of Rs 877.29...
High value cars, jewellery to become cheaper as TCS to be excluded in computing GST
EY India Tax Partner Abhishek Jain said: “This clarification comes as quite a relief for businesses specifically the automotive sector. While most industry players already believed that GST should not be levied on the Income tax TCS component, given the otherwise clarification by the Government, they were quite apprehensive of litigation on this aspect”.
Only 4% green buildings in India due to lack of expertise, funding: Survey
“India is getting bit of a slow start but it would be catching up. The most exciting data that we have is that 46 per cent of the organisations in India are willing to pay a premium to lease space in a green building,” Clay Nesler, the Vice President of the Johnson Controls told PTI.
FPIs pump in Rs 2,741 crore in March so far on positive market outlook
Eight of the 10 most valued Indian companies together added Rs 90,844.8 crore in market valuation last week in an overall strong broader market, with RIL topping the list.
Irdai panel suggests host of steps for speedy settlement of insurance claims
The WG has also suggested that in respect of crop insurance, the recognised qualifications of surveyors and loss assessors may be expanded to include graduation with at least one subject being agricultural science from a recognised university.
AIC chief TL Alamelu appointed as member,non-life,IRDAI
However, the much awaited order on the appointment of chairman of Life Insurance Corporation(LIC) has not been announced as yet.Though, there is a buzz that the name of MR Kumar,zonal manger, Delhi and the senior most LIC official, has been cleared by the ACC and PMO on Friday, no notification has been issued by the DOPT on Sunday. Similarly the names of Vipin Anand, zonal manager, Western Zone, and TC Suseelkumar, ZM, Hyderabad,are doing the rounds as newly appointed managing directors of the corporation.
Passenger vehicle sales down 11% to 2,72, 284 units in February: SIAM
Vehicle sales across categories registered a decline of 3.65 per cent to 20,34,768 units from 21,11,804 units in February 2018
Amid trade tensions with US, India wants Iran oil sanction waiver extended
Although the United States granted Iran’s biggest oil customers – China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece – waivers that have allowed them to continue limited imports, Washington is putting pressure on governments to eventually reduce purchases of Iranian oil to zero. The first round of waivers expires around May 4.
IRDA prepares stringent norms to check conflict of interest among officials of insurance cos
Where the insurer becomes aware of the conflict of interest situation, immediate steps shall be taken by the insurer to ensure that the powers / authority delegated to such a Director or Officer is ceased and he / she is not allowed to participate in the day-to-day activities of the company
Government expects 1 crore enrollment for new pension scheme by end March
The scheme, launched by Prime Minister Narendra Modi on March 5 in Ahmedabad, aims to provide pension to 42 crore workers in the unorganised sectors. Under this scheme, unorganised workers will get a pension of Rs 3000.
NGT fines Volkswagen Rs 500 cr for use of cheat device
The green panel on November 16, 2018 had said that use of ‘cheat device’ by Volkswagen in diesel cars in India leads to inference of environmental damage and had directed it to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).