The pension fund managers distribute products under the National Pension System.
India is served by BS-IV fuel in cities such as Mumbai, Chennai, Delhi and BS-III fuel in the rest of the country.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
The move to implement a proposal of star ratings on passenger vehicles, similar to those seen on electrical appliances, is likely to be delayed by several months. Stakeholders from the automobile sector and the government are divided over key facets.
The new crossover and fully imported models of the Jeep brand will increase Fiat's product line-up that has shrunk to just two at present
RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers.
The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
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.
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.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
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.
As many as 25-30 new products, upgrades and variants will be launched by the Mumbai-based company in the second half of the financial year, even as hope of a demand turnaround remains distant.
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