Indian News

DPIIT notifies 100% FDI in insurance intermediaries under automatic route

      Feb 26, 2020

  New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday notified the government's decision to allow 100 per cent foreign direct investment (FDI) in insurance intermediaries.   Intermediary services include insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors...

G. Srinivasan, director, National Insurance Academy

G Srinivasan panel to examine if life insurers can sell indemnity based health products

Eco/Invest/Demography, Health, Life, Regulation       Feb 25, 2020

Hyderabad: The insurance regulator IRDAI on Tuesday has formed a panel under G. Srinivasan, director, National Insurance Academy(NIA), to examine whether life insurers should be allowed sell indemnity based health insurance products. MR Kumar, chairman,Life Insurance Corporation(LIC), will be the co-chair of the panel.   Representations...

Ensure benefits of tech are available to everyone: Nadella to developers

Eco/Invest/Demography, Technology       Feb 25, 2020

  Bangalore:  Microsoft CEO Satya Nadella on Tuesday said developers should focus on ethics and building trust when developing solutions to ensure that the benefits of technology are available for everyone. The India-born top executive also highlighted that developers should work with diverse teams, so that...

Health Ministry mulling to increase legal age for tobacco consumption

Eco/Invest/Demography, Health       Feb 24, 2020

New Delhi: The Union Health Ministry is mulling to increase the legal age for tobacco consumption from 18 to 21 years as part of its efforts to strengthen the provisions of the Cigarettes and Other Tobacco Products Act (COTPA).   A legal sub-group constituted by the...

Sensex tanks 807pts as coronavirus alarm spreads, Rs 3 lakh crore investor wealth lost

Eco/Invest/Demography       Feb 24, 2020

  Mumbai: Indian stock benchmark Sensex on Monday sank nearly 807 points, the second biggest single-day fall this year, tracking sell-offs in global markets as coronavirus cases rose exponentially outside China.   Starting off on a weaker note, the BSE gauge plunged to a day's low of...

Indian CEOs need to build their own inclusive tech solutions: Nadella

Eco/Invest/Demography, Technology       Feb 24, 2020

  Mumbai: Microsoft chief executive Satya Nadella on Monday urged Indian business leaders to build technology capabilities that are inclusive in nature.   Beginning his three-day visit to India, Nadella was addressing Microsoft's Future Decoded CEO Summit here. "Indian CEOs need to build own tech capability and...

India needs to remove growth impediments to achieve $5 trillion economy:CEA

Eco/Invest/Demography       Feb 23, 2020

  New Delhi: India has some distance to go in fully shifting from the pro-crony to pro-business policies, Chief Economic Advisor Krishnamurthy Subramanian said on Saturday.   It will be pro-business policies that will enable the “invisible hands of the market” and also take the country to...

Mega bank consolidation: Meeting April 1 deadline appears challenging

  New Delhi: With the deadline of April 1 fast approaching for the mega merger of ten public sector banks, there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still pending, bank...

FPIs remain bullish on India; invest Rs 23,102 crore in February so far

Eco/Invest/Demography, Risk Management       Feb 23, 2020

New Delhi: Staying bullish on Indian markets, overseas investors have pumped in a net amount of Rs 23,102 crore in February so far driven by positive sentiment around the budget and RBI's decision to maintain an accommodative stance in the latest monetary policy.   According to...

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