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Nine dead, 14 hurt in blast at SAIL’s Bhilai plant

According to SAIL’s website, the Bhilai steel plant, located around 30 km from the capital, is India’s sole producer and supplier of world class rails for the Indian Railways, including 260 metre long rails, and a major producer of a large variety of wide and heavy steel plates and structural steel.

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Flipkart forays into insurance distribution, ties up with Bajaj Allianz

“In line with our customer-first policy and as the market leader in this segment, insurance felt like the logical next step in providing consumers with excellent after-sales care for their phones. The plan, from purchase to claim, will be completely integrated into our online platform…” Flipkart Senior Vice President and head of Fintech Ravi Garikipati said.

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MoF holds two-day strategic meet to modernise PSU general insurers

The MoF has roped in two consultants McKinsey and Boston Consulting Group(BCG) along with other private sector professionals for the event. The gathering will be addressed by the finance ministrer Arun Jaitley and at the end of the gathering, MoF will list out a detailed action plan for its implementation by the psu general insurers

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LIC makes Rs 12,602 cr open offer for 26% stake in IDBI Bank

LIC made a public announcement for the open offer to shareholders, including retailers, as per the Sebi’s regulations with regard to substantial acquisition and takeover of shares in a company.According to the open offer, LIC proposes to acquire more than 204 crore equity shares of Rs 10 each, equivalent to 26 percent equity of IDBI Bank.

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