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HDFC Life net profit rises 3% to Rs 274 cr in Q3 FY 22
“Business sentiment remains positive and the high-frequency indicators suggest economic revival is on track. We are optimistic about the sustenance of business momentum in the months to come,” said Vibha Padalkar, MD & CEO, HDFC Life Insurance Mumbai: HDFC Life on...
PFRDA to ‘discuss’ plan to raise equity exposure in NPS to 75%
"Currently, they have a maximum equity exposure of 50 per cent but that too 50 per cent we call auto kind of investment. So this auto choice is nothing but it follows a lifecycle fund pattern where up to the age of 35, it will be 50 per cent in equity and balance will...
Most people feel I-T exemption limit could be raised from Rs 2.5 lakh: Survey
As many as 36 per cent of the survey respondents felt that the 80-C deduction limit of Rs 1.5 lakh will be increased, while 19 per cent felt that the standard deduction could be increased for salaried class from the current Rs 50,000 New Delhi: A majority of...
Back in court – UK hospitality groups take on insurers over lockdown losses
Corbin & King, the owner of London's Wolseley and Delaunay restaurants is suing AXA for around 4.5 million pounds in a dispute that hinges in part on the scope of "denial of access" cover, designed to protect insured venues that are shut by public authorities on...
Covid-19 related data of thousands of Indians leaked online
The data put on Raid Forums shows name, age, gender, mobile number, address, date and result of Covid-19 report of these people "There have been several media reports claiming that the data stored in Co-WIN portal has been leaked online.It is clarified that no data...
Households free to install rooftop solar by any vendor under govt scheme: MNRE
The distribution company will ensure that the net metering will be provided within 15 days of the information being received. The subsidy to be given by the government, which is 40 percent for rooftops of up to 3 KW capacity and 20 percent beyond that up to 10 KW will...
SBI Life Q3 profit jumps 56% to Rs 364 crore
Life insurer's total income declined to Rs 20,458.31 crore in the quarter under review from Rs 26,551.90 crore in October-December 2020 period Mumbai: SBI Life Insurance on Friday reported a 56 percent rise in net profit at Rs 364 crore for the third quarter ended...
Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug
Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a...
‘Isolation’ not mandatory for foreign arrivals testing Covid positive
The existing guidelines state that travellers coming from any country including from those considered at-risk' shall be managed at isolation facility and treated as per laid down standard protocol New Delhi: Travellers arriving in India from any country who will test...
Infosys awarded top employer certification in 22 countries
The Top Employers Institute program certifies organizations based on their HR Best Practices across 6 HR domains consisting of 20 areas such as People Strategy, Work Environment, Talent Acquisition, Learning, Well-being, Diversity & Inclusion, and more Indian IT...
Healthcare likely to receive top priority in Budget: Assocham
The industry chamber noted that 47 per cent of the respondents in its survey pointed towards Finance Minister Nirmala Sitharaman according maximum attention to healthcare in the Budget. Besides, MSMEs, energy and infrastructure and technology were also on priority...
Global corporate funding in solar sector nearly doubles to $27.8 bn in 2021: Mercom Capital
“Most of the transactions involved solar downstream companies. The largest transaction in 2021 was Adani Green Energy Limited (AGEL), which acquired a 100 per cent stake in SB Energy India at an enterprise valuation of approximately USD 3.5 billion,'' the report said...
In wealthy LA enclave, harsher penalties for wasting water
Every household has a "water budget," something used by many California water districts, based on the number of residents and property size. Starting this month, customers will face fines if they go 150per cents over their monthly budget. Previously, the fine...
COVID-19 stalls growth in MENA insurance markets: AM Best
The report highlights some common themes as weaknesses, the most important of which is risk governance, with companies adopting basic or minimum requirements to run their businesses LONDON: Middle East and North Africa (MENA) insurance markets have seen robust growth...
India reports 3,47,254 new COVID-19 cases, daily positivity rate at 17.94 pc
The country has so far registered 9,692 cases of the COVID-19 variant Omicron. There is an increase of 4.36 per cent in its cases since Thursday as per the ministry New Delhi: India reported 3,47,254 new COVID-19 cases in the last 24 hours and the daily positivity...
Britain to curb marketing of crypto investments
“We are concerned that too many consumers are just ‘clicking through’ and accessing high-risk investments without understanding the risks involved,” the FCA said. The planned rules cover high-risk investments such as cryptoassets, including cryptocurrencies such as...
Deaths significantly less in 3rd Covid wave due to high vaccination: Govt
Maharashtra, Karnataka, Tamil Nadu, Kerala, Delhi and Uttar Pradesh are among the "States of Concern" New Delhi: Deaths are significantly less in the third wave of the COVID-19 pandemic in comparison to the second wave, and the current surge is not witnessing increase...
Amazon’s legal woes are a cautionary tale for other investors in India
The long drawn-out saga has thrown up two questions for prospective investors, or those who already have business interests in India. First, what does a go-ahead from the country’s antitrust authority even mean if an entire chain of investment based on that approval...