The transaction is expected to close in the quarter ending March...
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Domestic investors pour Rs 4.5 lakh crore into equities this year: NSE
The sharp rise in investor numbers has gone hand in hand with...
Shriram Finance to sell 20 pc stake to Japanese firm MUFG Bank for Rs 39 618 cr
This collaboration combines Shriram Finance's established domestic...
Wheat price won’t be affected, vegetable needs to be watched out: RBI Governor on heatwave predictions
Shaktikanta Das,Governor,Reserve Bank of India The RBI Governor said that since wheat harvesting is almost over in the country, any heatwave condition won't impact wheat prices, but the prices of vegetable has to be watched out in wake of the temperatures...
RBI holds key rate steady on robust growth, above target inflation
Shaktikanta Das,Governor,RBI Robust growth provides space for monetary policy to remain focused on bringing inflation down to the central bank's 4% target, said RBI Governor Shaktikanta Das MUMBAI: The Reserve Bank of India held the key repo rate unchanged for a...
Indian general insurance industry grows by 12.80% to Rs 2,89.726 crore in FY 23-24
The four large PSU general insurers, with a total premium of over Rs 90,000 crore, have been able to retain a market share of 31.18 per cent in FY 23-24. Their total market share was 32.27 per cent in fy 22-23. The private sector general companies now have a market...
No increase in prices of essential medicines this fiscal year Mandaviya
"This year the inflation has not increased. It is just 0.005. Therefore companies are not going to increase prices this year.," Union Minister Mansukh Mandaviya asserted New Delhi: Union Minister Mansukh Mandaviya said on Thursday said there will be no increase in...
New India ends FY 23-24 with a global prm of Rs 41,860 cr
``Our motto remains growth with profitability. And in this process, we have let go of a few loss-making businesses which were unwilling to renew at the right price or terms. Our market share is 12.78 per cent and we remain the market leader. The industry continues to...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers
The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA's new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the players. The...
Extreme weather predicted during Lok Sabha polls, preparation in advance crucial: Rijiju
Kiren Rijiju,Union Minister for Earth Sciences National Disaster Management Authority (NDMA) member Kamal Kishore stressed the need for long-term solutions to address the increasing vulnerability of geographical areas to heatwaves, including constructing resilient...
Passenger vehicle sales soar to record high in FY24; dispatches cross 42 lakh mark
“This is the first time that passenger vehicle sales have crossed the 40 lakh sales mark in the country…much of the growth that has happened is in the SUV segment,” Shashank Srivastava,member, executive committee, Maruti Suzuki India New Delhi: Driven by robust demand...
Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars
Union minister Nitin Gadkari Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult New Delhi: As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants...