Aditi, Diksha, Tvesa to play at Ladies Scottish Open.
Attributing to people familiar with the matter, The Wall Street Journal said, 'federal prosecutors, after a two-year investigation, may soon decide not to charge executives for their role surrounding financial contracts that nearly brought down the company.'
Top executives of struggling insurance giant American International Group have agreed to return $50 million taken as bonus as the company faces sharp criticism from taxpayers and federal officials on these payments.
It was the political class that relaxed rules and supervision to allow bankers to create the mess they did, says A V Rajwade.
Bailout dollars have different effects on the fortunes of the richest people in the world.
While gold index funds have returned almost 10 per cent over the last three months, gold equity funds (investing in mining companies) have not given good returns in the last few months. At present, there are two gold funds, DSPML World Gold Fund and AIG World Gold Fund
Chidambaram has sought interim bail in the INX media money laundering case on medical grounds, saying his condition is deteriorating and he needs to be in a sterile environment.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
While select private insurers like ICICI Lombard, Tata AIG and IFFCO Tokio provide specialised insurance covers for 'art' items, the minimum value they look at is in excess of Rs 1 crore.
Cracking the whip on the practice of exorbitant salaries, the US government's pay czar has slashed the compensation of top executives by 50 per cent at seven largest bailed-out firms including Citigroup and AIG.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH and AUTO insurance.
The state police recently floated tenders for purchasing 50 PBLGs and two RoVs with water jet disruptors and weapon mounts for their use in security situation.
The legislation could be ready for mark-up before Congress' spring recess, which starts April 6, the report quoted an unnamed senior Congressional staffer as saying.
Ten public sector banks and two private banks have an exposure of $1.08 billion to US financial majors Wachovia Corporation, Washington Mutual, AIG, Lehman Brothers and a European financial institution Fortis. About $445.60 million was fund-based exposure, while $634.20 million was non-fund based exposure.
In times like these, when the financial industry is reeling under the pressure of scepticism, communication has become the most important tool for financial services providers. Hence the flood of emails to associates, employees and investors.
Three top global asset management and investment banks - American International Group, JP Morgan Asset Management and Japan's Mitsubishi UFJ Securities today announced their India strategy, vying for a place in the second fastest growing economy in t
''She can recover as other vital organs are not damaged,'' her doctor said
'Bangalore barely makes with a score of 58 out of 100. A good lifestyle city needs to have a rating of 80 to 100.'
These findings are part of a unique survey titled "Health Matters" Index 2006, conducted by Tata AIG Life Insurance Company Ltd (Tata AIG Life).
Tata AIG General Insurance on Tuesday launched a new scheme -- Green Channel Settlement -- to make vehicle accident repairs and claims easier for consumers.
Swiss cement maker Holcim, which had made an open offer to pick up 36.20 per cent shares of ACC, would also buy out the stakeholding of US-based AIG and GIC of Singapore in Ambuja Cement India Limited
Travel insurance policies do not generally cover adventurous or sporting activities such as bungee jumping, paragliding, mountain climbing, or white water rafting, which fall under hazardous activities.
Two new insurance policies are in place for students going abroad. Smita Tripathi surveys what's on offer
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Tata AIA Life Insurance has 13 people at the senior vice-president level.
Three persons, including a youth leader of the ruling Shiromani Akali Dal, were on Wednesday arrested in connection with a brawl at a local hotel in Ludhiana, in which a senior officer of Punjab Police was seriously injured.
Tata AIG Life set to approach regulator soon on the 'e-life' tablet; to be launched in metros initially.
These are meant for students travelling abroad for further studies.
The reputation of corporate America after the economic crisis has turned positive.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
Apart from paying ransom, the policy also takes care of the reward money, personal accident, cosmetic surgery and legal expenses.
There are cash plans that cover for the cost of travelling to a hospital or keeping a relative with the patient.
Having got the regulatory clearance to offer add-on insurance policies, non-life insurers are now preparing to launch the same in the coming weeks. Some of the insurers have said, however, that they need some time to launch these products. They say that, unlike commercial products which can be launched straight away, products meant for retail consumers need a certain level of preparation before they are ready for sale.
The Sensex closed at 20,032, up 91 points, the Nifty closed up 30 points at 6018.
Tata AIG General Insurance, which is the market leader in personal accident covers, eyes 200 per cent growth in income from this segment. It has tied up with a number of education consultants for its Prudent Guard policy for students. Insurers sell two types of personal accident cover to schools -- one for students and another for parents. Some insurers also sell hybrid product covering both.
There was a time when experts, analysts, rating agencies found it very easy to describe the best banks.
The next great mega-litigation could rival the $12 billion spent cleaning up Enron.
Insurance advisors suggest you read the fine print first, as there are a host of exclusions which will enable insurers to turn down claims. But the money lost will not be covered. Insurance will be restricted to the replacement cost of a lost or stolen wallet, personal papers and the credit and debit cards in the wallet. There will be no cover for cheques, tickets or fraudulent charges on the lost or stolen cards and any other identity theft-related costs.
European and world club champions Manchester United have sent a shirt sponsorship proposal to an Indian company, some 16 months before the end of their current deal with American insurance giants AIG.
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