Nippon Life's plan to buy a stake in Reliance Life may be delayed as the deal requires special permission from the government.
Life Insurance Corporation of India, the country largest insurer, is in talks with the government to modify its investment norms to diversify the risk.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
Life Insurance Corporation of India, Housing Development Finance Corporation and State Bank of India together own a little over 45 per cent in IL&FS. The deal is expected to be valued around $2.5 billion.
The finance ministry's plan to offer basic banking licences may find few takers because of doubts over the commercial viability of the proposed business model.
"The main point is managing this growth so as to make it sustainable. Our aim is to grow by at least 25 per cent on-year during 2011-12."
LIC is also working on a new model to scan loan applications.
You can't ask a current borrower to finance your growth, says RBI memeber Yezdi H Malegam.
The price of an old car versus that of a brand new one always tilts the scales in favour of the former.
Last week, when the Builders Association of Navi Mumbai organised a property exhibition, they were taken by surprise when 200,000 visitors turned up for the four-day event.
ULPs have become more consumer-friendly. But do you really need one?
After cashing out of the recent stock market rally, investors aren't ploughing their money into just initial public offerings (IPOs), bonds or real estate. The feel-good factor has prompted many of them to splurge on luxury cars, exclusive holidays and designer brands.
With the stock market nearing its all-time high, the best way out is to sell them in tranches.
Your financial health, for instance, can be diagnosed by looking at a few ratios.
More credit bureaus to ensure faster dispute resolution.
hree big players -- ICICI Lombard General Insurance Company, Bajaj Allianz General Insurance and Apollo Munich -- have launched policies in tie-ups with spas, gymnasiums, yoga institutes, diagnostic centres and health food retailers to offer discounts to customers on these services and products.
When an investor opts for a systematic investment plan (SIP) in mutual funds, the purpose is to average the cost of buying a bouquet of stocks, inculcate discipline and not having to worry about daily market fluctuations.
The IPO grey market premium does not value a company accurately. You may burn your fingers.
The long-awaited, tax-saving infrastructure bond issue is out. Industrial Finance Corporation of India is the first company to issue these, at 7.85 and 7.95 per cent.
Saving tax is the main motto of all taxpayers. While some hire chartered accountants, others pore through tax laws, or ask friends to find out if there are ways by which they can save.
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