The third party premium has been increased from the current Rs 700 to Rs 2,500, a 257 per cent hike for private cars, where the cubic capacity of the vehicle exceeds 1,500 cc.
New India Assurance, National Insurance and United India Insurance are following Oriental Insurance Company in raising health insurance premium rates by 50 to over 100 per cent.
Barclays Plc, UK's third-largest bank by assets, plans to enter the emerging credit card market in India.
E-commerce in India has almost touched the Rs 5,000 crore mark and is expected to garner around Rs 9,500 crore by 2007.