It will also review the current safety rules and suggest new ways...
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Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement
``Ensure that no claim is denied or delayed on account of...
DGCA orders detailed probe of AI’s Boeing Dreamliners, Black Box of ill fated air craft recovered
The Aircraft Accident Investigation Bureau (AAIB) has confirmed the...
Citigroup wealth unit stops margin loans against India Adani’s securities – source SI
The group's flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. Singapore: Citigroup's...
Adani Enterprises calls off fully subscribed FPO, to return money to investors
Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
Budget 2023-24: Health sector allocation sees 13 pc hike, mission to eliminate sickle cell anaemia announced
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
Car sales kick-start year 2023 with top gear
Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. New Delhi: Car sales in 2023 got off to a good start with auto majors such as Maruti Suzuki, Tata...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Budget-2023-24: Life insurance policies with over Rs 5 lakh aggregate premium no more tax exempt, life insurers’ shares tank
Some budgetary announcements is negative for life insurance companies-- as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...
Credit Suisse’s private bank stops margin loans on Adani Group’s bonds
The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd., according to people familiar with the matter, who asked not to be identified...
Budget-2023-24:Sitharaman announces new savings scheme for women with 7.5% fixed interest rate for 2 years
The postal monthly income scheme also saw an enhancement of limit. In a single name, Rs 9 lakh can be invested as compared to Rs 4.5 lakh now New Delhi: Union Finance Minister Nirmala Sitharaman Wednesday announced a 'Mahila Samman Saving Certificate' with a fixed...
Budget-2023-24:No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime
Union Finance Minister Nirmala Sitharaman Sitharaman also allowed a Rs 50,000 standard deduction to taxpayers under the new regime, where assessees cannot claim deductions or exemptions on their investments She also tweaked the concessional tax regime, which was...