While it was no secret that Mamata was upset with Patha Chatterjee for a while as he has hardly been successful in bringing any big-ticket investment, there is a strong buzz that it was the controversy over the HPL bid that finally influenced her decision.
About 85% of complaints received were related to investments of less than Rs 10,000 each.
RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers.
According to Insurance Regulatory and Development Authority recommendations, a uniform grace period of 30 days is extended for annual, half-yearly and quarterly renewals, and 15 days for monthly renewals.
Dunlop & Jessop head for closure & new ventures abroad yet to inspire but tycoon says he's still going strong.
Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.
The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock owing to differences among the stakeholders on certain clauses.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
Directors that are shareholders will also face more problems.
The insurer plans to hire about 2,00,000 agents this financial year.
More than a decade after it entered the market, Naukri.com, Info Edge (India) Ltd's recruitment services portal, has about 50,000 customers and about 120,000 job listings.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
While there has been a rise in obesity reduction surgeries, it may still take time before health insurance cover is made available for these.
HDFC Life, which posted a consolidated net profit of Rs 281.83 crore (Rs 2.81 billion) for the quarter ended June compared with Rs 11.92 crore (Rs 119.2 million) in corresponding period last year (according to HDFC's first quarter results), has diversified its distribution mix.
Big vendors left with smaller amounts as formula for compensation based on despatches.
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A stumbling economy, a falling currency and high inflation, plus weak consumer demand, mean more and more become excess baggage.
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
Airlines say ATF fuel prices in India are 40 per cent higher than in countries such as Singapore. Jharkhand, Chhattisgarh and Maharashtra
New Irda rules open the way, with 5 entities getting okay to set up as repositories; firms preparing structures for switch
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