''This is likely to draw FII flows into emerging markets, which is...
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National Insurance back in black after 5 yrs, records Rs 45 crore profit in H1FY 24
``Yes, we have improved on all key parameters of our operations to...
12 insurers complete their integration with National Health Claim Exchange
Under the Digital Health Incentive Scheme, to encourage efficiency...
Arun Jaitley resumes charge of FinMin today
President Ram Nath Kovind, as advised by Prime Minister Narendra Modi, has directed that the Finance and Corporate Affairs portfolios be assigned to Union minister Arun Jaitley, a Rashtrapati Bhavan spokesperson said on Friday.
Shortage of skilled IT workforce looms over India: Nasscom
The demand-supply gap for skills affected the industry’s performance in 2018, due to shortage of 140,000 skilled techies for 500,000 jobs in the industry across verticals. “Going forward, the industry will face a shortage of 230,000 skilled techies as jobs in AI and Big Data are estimated to be 780,000 by 2021.”
Govt plans over $12 billion in power plant, EV incentives to cut pollution
India has already extended a December 2017 deadline for utilities to meet emissions standards by up to six years as power producers struggle to comply with stringent rules set out by the environment ministry in 2015 to cut emissions that cause lung diseases, acid rain and smog.
RBI think tank wants independent body to verify official economic data
The budget provided a consumer stimulus, such as the $10.6 billion-plan to pay cash to farmers, and was based on the assumption revenue will grow 14 per cent year-on-year. But history shows India, whose aggregate fiscal deficit including its states is close to 6.5 per cent of GDP, has missed income targets in each of the past five fiscal years.
Reddy family mulls exiting Apollo Munich Health Insurance, to sell its 41% stakes for Rs 1200 cr
Reddy family is seeking to sell its entire holding of 41 percent in Apollo Munich Health Insurance Co., for about 12 billion rupees ($170 million) in six months, the people said asking not to be identified as the discussions are private. The proceeds will be used to repay part of the debt raised by pledging Apollo Hospital’s equity as collateral, the people said.
With right investment plans,people with income up to Rs 9.5 lakhs can escape tax liability:FM
In the Finance Bill 2019, the Minister proposed to raise tax rebate for people having annual income up to Rs 5 lakh from Rs 2,500 to Rs 12,500, which will effectively ensure that they don’t have to pay any tax
Global Insurance Brokers appoints Rajshekar Kalluri as its MD
With nearly 20 years of experience Kalluri has worked with large corporates like Fitch Ratings, Standard Chartered and ICICI Bank in the past,
Warburg Pincus concludes 26% stake purchase in IndiaFirst Life
Though the deal value was undisclosed, sources close to the matter said the private equity fund has paid Rs 710 crore for buying the 26 percent stake from British financial services entity, Legal and General
Reliance Insurance files fresh IPO papers, removes Edelweiss as merchant banker
The firm had earlier filed its draft papers in October 2017 for which it received the Securities and Exchange Board of India’s approval in November 2017.
The Sebi’s approval for IPOs is valid for one year, which expired on November 29, 2018, in the case of Reliance General Insurance Company, according to data available with the markets watchdog.
Deposits in Jan Dhan accounts set to cross Rs 90,000 crore
New Delhi: Total deposits in Jan Dhan accounts are set to cross Rs 90,000 crore with the government making the flagship financial inclusion programme more attractive especially by doubling accident insurance cover to Rs 2 lakh. According to data from the...