Life insurance companies reported a 13.16 per cent year-on-year (Y-o-Y) growth in new business premium (NBP), totting up Rs 30,347 crore in October, even as the number of policies sold saw a sharp decline. The growth was largely driven by strong performance from private sector life insurers.
Uttam Ghosh offers his take on election promises.
Will the National Monetisation Pipeline revive the economy, which is in deep crisis, wonders Uttam Ghosh.
Uttam Ghosh asks if Mamata Banerjee plans to make the Congress redundant in the run-up to the 2024 elections.
'We may see even more restrictive policies during 2.0.'
Police registered a case against more than 200 persons from Markadwadi village and nearby areas in Maharashtra's Solapur for allegedly trying to conduct a 're-election' using ballot papers on Tuesday in an unauthorised manner, officials said.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
Double Olympic-medallist Manu Bhaker opted for a three-month rest following her exploits at the Paris Games.
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
Fewer people participated in MGNREGA during the first six months of this financial year (April-September) compared to the same period last year, a recent analysis of the scheme's performance by LibTech showed.
According to IRDAI, Marsh India had held the premium received from the clients in an Insurance Bank Account for more than 15 days and did not remit the premium to the insurer/reinsurer within the time limit of 15 days.
Uttam Ghosh offers his take on Prime Minister Modi feeding peacocks when hundreds of millions of his countrymen have been savaged by the lockdown-ravaged economy.
Uttam Ghosh offers his take on the Sena versus Ranaut take.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
How long will Mehbooba be treated thus for her apparent refusal to go along with what the Modi Sarkar want? Uttam Ghosh offer his take on the unsavoury episode.
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
Uttam Ghosh offers his take on how the Government, the opposition eyes the Galwan valley.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was at Rs 4,35,176 crore as of August-end, according to data released by the Controller General of Accounts (CGA). The deficit stood at 36 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the July-September quarter of 2024-25, spending growth exceeded 20 per cent for the first time since February. According to the latest data released by the Reserve Bank of India (RBI), September spending reached Rs 1.76 trillion, compared to Rs 1.42 trillion in the same period a year ago. In August 2024, credit card spending was Rs 1.68 trillion.
Alternative investment funds (AIFs) - investment vehicles favoured by the affluent - have topped $50 billion (Rs 4.3 trillion) in total investments for the first time during the April-June quarter, according to the latest data from the Securities and Exchange Board of India. The industry's commitments have approached Rs 12 trillion ($140 billion), marking a 40 per cent increase over the past year. The amount raised and deployed stood at Rs 4.74 trillion ($56 billion) and Rs 4.32 trillion ($51 billion), respectively, the data shows.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Benchmark indices Sensex and Nifty climbed to fresh all-time highs on Thursday driven by buying in auto shares amid a sharp rally in Asian markets. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
Uttam Ghosh offers his take on how Trump -- who wants to build a wall between his country and Mexico -- may react to the Gujarat wall on his visit to Ahmedabad on Monday.
You can explore the option of talking directly to the manager, suggests rediffGURU Archana Deshpande.
Sports minister Mansukh Mandaviya called the shooting World Cup final, which commenced in New Delhi on Monday, a celebration of excellence and added that the country felt honoured to welcome the best in the business.
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
Uttam Ghosh offers his take on the government's decision to transport migrant workers, stranded during the lockdown, to their villages.
The Indian men's hockey team dished out a dominant performance to launch its title defence with a commanding 3-0 win over hosts China in the Asian Champions Trophy in Hulunbuir, China on Sunday.
Uttam Ghosh offers his take on the BJP's poll promises in Bihar.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
Uttam Ghosh offers his take on how the migrants's plight has been aggravated by the erratic management of Shramik trains by the Indian Railways, headed by Railways Minister Piyush Goyal.
On the contentious issue of cutting trees in Mumbai's Aarey forest, the BJP and Sena appears to be on opposite sides, as Uttam Ghosh notes in his take on the Aarey controversy.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
India and France are negotiating the deal for buying 26 Rafale Marine jets which are going to be deployed on the INS Vikrant aircraft carrier and different bases.
Uttam Ghosh offers his take on the decisions by the governments of Uttar Pradesh and Madhya Pradesh to file cases against several senior journalists and asks what happened to Narendra Damodardas Modi's commitment to free speech.
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