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.
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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.
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The company's loss in the financial year 2013 was Rs 13.82 crore (Rs 138.2 million).
New Irda rules open the way, with 5 entities getting okay to set up as repositories; firms preparing structures for switch
Commercial papers, certificates of deposit also dry up
Apart from special services from banks for their wealth management needs, HNIs are now getting offers from insurance companies, too.
Amul has cashed in on an incident from the protagonist's life for promotions.
Deadline ends for KYC details; cable operators' body says more time needed.
Entities reluctant to get into new segment till settlement and margin issues are addressed
In the wake of the natural disaster in Uttarakhand, the proposal for 'catastrophe insurance' is in spotlight.
Public general insurance companies to collaborate for speedy settlement of claims
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
While new business schools come up, industry experts said the quality issue was crucial for them to survive.
Tata Motors, Mahindra & Mahindra and Bajaj Auto have noted a rise in these incidents.
In the April 2012-February 2013 period, the life sector's industry's new business premium collections fell 6.1 per cent, compared to the corresponding period of the previous financial year.
The issues unions have been pursuing aggressively include forced suspensions, flexible work conditions, recognition of a union and salary parity for contract workers.
Though exposure draft proposed 35-60% hike, Irda raised it only 19%.
LIC had evinced interest to purchase the land at Baba Kharak Singh Marg at around Rs 800 crore.
Human resource experts say the volatile environment might change its hiring pattern, with the process spread through the year, instead of happening during December - February as at present.
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