Subrata Panda &Amp;Amp; Samie Modak

Stories by Subrata Panda &Amp;Amp; Samie Modak

Covid insurance claims reach a whopping 475,000

Covid insurance claims reach a whopping 475,000

Rediff.com   4 Nov 2020

To add to the worry of the insurers, non-Covid claims, which were muted in the initial months of the pandemic, have also picked up pace and are more or less at pre-Covid levels.

What is the actual FPI cap in Airtel at present?

What is the actual FPI cap in Airtel at present?

Rediff.com   29 Oct 2020

While Airtel has hiked the limit to 100 per cent in principle, the company needs to address some issues on overseas investment limits in subsidiaries, before the changes come into effect. Until then, the cap on foreign ownership will remain at 49 per cent under the automatic route.

UPI transactions cross 1 billion in first 15 days of October

UPI transactions cross 1 billion in first 15 days of October

Rediff.com   21 Oct 2020

In this month itself, UPI can hit 2 billion transactions and by March 2021, it should reach 2.15 billion transactions in a month.

Kalrock to invest Rs 1K crore as Jet readies to take wings

Kalrock to invest Rs 1K crore as Jet readies to take wings

Rediff.com   19 Oct 2020

The winning bid attracted over 99 per cent votes, with lenders overwhelmingly voting for a revival instead of recovery through liquidation.

Saral Jeevan Bima, a standard life product launched

Saral Jeevan Bima, a standard life product launched

Rediff.com   16 Oct 2020

The Saral Jeevan Bima product to be offered by all life insurance companies will be a non-linked non-participating individual pure-risk premium life insurance plan.

How Sebi's 'riskometer' grading of MF schemes helps investors

How Sebi's 'riskometer' grading of MF schemes helps investors

Rediff.com   15 Oct 2020

The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.

Jet Airways revival decision after October 16

Jet Airways revival decision after October 16

Rediff.com   9 Oct 2020

Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.

India processes record 41 mn real-time transactions per day

India processes record 41 mn real-time transactions per day

Rediff.com   8 Oct 2020

India saw growth of around 213 per cent in the number of real-time payments processed over the past year.

Irdai to start colour coding individual health plans

Irdai to start colour coding individual health plans

Rediff.com   6 Oct 2020

The insurance companies will use "green, orange, and red" colours to indicate the complexity of the products that are on offer.

Sebi slaps Rs 6-crore penalty on NSE for investing in 'unrelated' biz

Sebi slaps Rs 6-crore penalty on NSE for investing in 'unrelated' biz

Rediff.com   2 Oct 2020

The NSE held 25 to 100 per cent stakes in these entities through its subsidiary NSE Investments as of September.

'Investors must not take any knee-jerk action'

'Investors must not take any knee-jerk action'

Rediff.com   24 Sep 2020

T'I am not going to buy small- or mid-cap stocks at very high valuations if it doesn't make sense for the investors.'

More than 1,000 listed firms file Q1 numbers in Sep

More than 1,000 listed firms file Q1 numbers in Sep

Rediff.com   17 Sep 2020

As a result, the deadline for filing June quarter results ends on August 15. However, only 1,538 companies out of the 4,000-odd listed firms managed to declare their results within the usual deadline.

Lockdowns cost insurers Rs 45,000 crore in premiums

Lockdowns cost insurers Rs 45,000 crore in premiums

Rediff.com   17 Sep 2020

However, the number of renewals has grown by only 0.4 per cent, which means only high value and ticket size renewals are coming.

Covid: Insurance claims at 192,863 worth over Rs 3,000 cr

Covid: Insurance claims at 192,863 worth over Rs 3,000 cr

Rediff.com   16 Sep 2020

As many as 121,739 claims settled by insurers so far, amounting to Rs 1,165.81 crore.

Rising Covid, non-Covid claims a double whammy for insurers

Rising Covid, non-Covid claims a double whammy for insurers

Rediff.com   15 Sep 2020

Although insurers feel loss ratios in the health segment may get impacted, and profitability will take a hit, capital erosion will not take place, at least for the large entities.

Once nearly half, China's market capitalisation is now 5x India's

Once nearly half, China's market capitalisation is now 5x India's

Rediff.com   10 Sep 2020

China is the world's second-largest - both in terms of GDP and m-cap. At $10 trillion, its m-cap is second only to the US at $38 trillion.

Why Sebi's new margin pledge norms have rattled brokerages

Why Sebi's new margin pledge norms have rattled brokerages

Rediff.com   9 Sep 2020

Several brokers used shares of dormant or inactive clients to provide margins for other more active clients. This prompted Sebi to rework its entire system of pledging.

New margin norms are bad news for traditional brokers

New margin norms are bad news for traditional brokers

Rediff.com   7 Sep 2020

Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.

Affordable insurance policy Corona Kavach is a big hit

Affordable insurance policy Corona Kavach is a big hit

Rediff.com   27 Aug 2020

From July 10, when it was launched till August 7, 1,087,030 lives have been covered under Corona Kavach through 648,276 policies with premium of Rs 182 crore and sum assured for Rs 42,956 crore. In addition, 186,347 lives have been covered under Corona Rakshak through 156,695 policies with premium of Rs 25.5 crore and sum assured for Rs 3,293 crore, an Irdai official said.

Shriram Transport: In a rare instance shareholders oust high-profile board member

Shriram Transport: In a rare instance shareholders oust high-profile board member

Rediff.com   24 Aug 2020

The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.