Presently, the total tax incidence on cars, depending on engine...
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‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
“What we have suggested is a ‘Next Gen GST’ keeping the needs of...
GST revamp to see rates of 5%, 18%; 40% tax on 7 items
While essential food items, medicines and education will continue...
ManipalCigna launches a specialized plan for seniors
A customer between 56 to 75, after meeting the underwriting eligibility, can buy the plans and if an existing customer pay premium annually even after reaching 75, the cover will continue for him/her till death The sum insured options range from Rs. 3 lacs to Rs 50...
InsuranceDekho raises $150 million to grow SME business
The deal,the largest-ever Series A round for an Indian insurance technology company, was led by Goldman Sachs Asset Management and participated by TVS Capital Funds Investcorp, Avataar Ventures and LeapFrog Investments Based in Gurgaon outside New Delhi, the company...
Adani crisis unlikely to spill over to other Indian conglomerates
Gautam Adani, chairman, Adani Group The crisis has raised questions about India’s credibility as a global growth engine and a destination for international investors. Earlier this month, MSCI reduced the free float of four companies owned by Adani, while Moody’s...
5 state-owned general insurers’ total exposure to Adani at Rs 347.64 cr: MoS Finance
Bhagwat Karad,Minister of State for Finance "As per data received from Public Sector General Insurance companies, namely New India Assurance Company Ltd, United India Insurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Company Ltd and General...
Kotak Mahindra Bank plans minor stake sale in its general insurance arm
The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...
Micro quakes preventing large-scale event in India but country prepared for any eventuality: Experts
According to the Ministry of Earth Sciences, 59 per cent of India's land mass is prone to earthquakes. Zone V is seismically the most active region, while Zone II is the least. Around 11 per cent of the country' area falls in Zone V, 18 per cent in Zone IV and 30 per...
India committed to strengthen traditional medicine practice by bolstering evidence-based research: Sarbananda Sonowal
He added that the vision of the Prime Minister to build a robust healthcare system for the holistic patient care system remains solid as the Union Budget has considerably hiked the budget for the Ministry of Ayush by 20 per cent New Delhi: Union Ayush Minister...
4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest
``As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,''said Suchita Gupta, CMD, National Insurance Company in a letter to the company's employees Similar letters have been...
Around 10 states, 5 UTs not implementing crop insurance scheme PMFBY: Tomar
Union Agriculture Minister Narendra Singh Tomar The ten states are: Arunachal Pradesh, Bihar, Gujarat, Jharkhand, Meghalaya, Mizoram, Nagaland, Punjab, Telangana and West Bengal, the minister said in a written reply to the Rajya Sabha Since inception of the scheme in...
Mercedes-Benz faces more than 300,000 claims in UK over “defeat devices” to cheat emissions tests
The mass lawsuit follows the “dieselgate” scandal that engulfed Volkswagen after it admitted to cheating U.S. diesel engine tests, which has cost the carmaker more than 32 billion euros ($34 billion) in vehicle refits, fines and legal costs so far. Oliver Campbell,...