5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
Raghuram Rajan's decision to go back to academics might spell short term negativity for the stock, currency and bond markets.
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
Angelique Kerber, who will reclaim the world number one ranking on Monday, breezed to a 6-2, 6-1 second-round victory over fellow German Andrea Petkovic at the BNP Paribas Open on Saturday.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Two time Miami Open winner Victoria Azarenka crushed Serbia's Jelena Jankovic.
The winter session of Parliament will commence on November 26.
World No 1 Novak Djokovic fought off a determined challenge from Swiss great Roger Federer on Sunday to claim back-to-back titles at Indian Wells and celebrate his 50th tournament win on the ATP Tour.
Sania Mirza and Swiss legend Martina Hingis began their partnership with a title win as they overcame Ekaterina Makarova and Elena Vesnina 6-3, 6-4 in the summit clash of the BNP Paribas Open in Indian Wells.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
A long season took its toll on Roger Federer on Thursday as the Swiss was knocked out of the Paris Masters following a 7-6(3) 3-6 7-6(5) third-round defeat by big serving John Isner.
The duo of Sania Mirza and Martina Hingis sailed into the 10th final of the year at the Women's Tennis Association's (WTA) Finals after beating Chinese Taipei's Chan Hao-Ching and Chan Yung-Jan in straight sets, in Singapore, on Saturday.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Maria Sharapova had not completed a match since losing at Wimbledon in July, so the Russian was naturally thrilled to emerge with a victory at the WTA finals on Sunday after taking time to heal from a number of ailments.
Financials emerged as the top gainers while auto shares rallied on robust September sales
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Tracking gains in bluechip stocks, investors were also seen building up position in broader markets, lifting the small-cap and mid-cap indices by 0.83 and 0.15 per cent
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
The trends remained sluggish in the primary stock market
Metals bucked the trend and shone across the board.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
Experts say the size of the fund shouldn't be a primary criterion for selection.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Summary of sports events and persons who made news on Saturday
Polish fifth seed Agnieszka Radwanska was the highest women's casualty at the Miami Open on Saturday, blown away for the second time this year by Croatian Mirjana Lucic-Baroni.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The positive bias was aided by metal, realty and auto indices
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
ONGC was the top performer while private banking major ICICI Bank extended gains
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
'The day-to-day control of banks is in the hands of political bosses and bureaucrats who are not answerable.' 'The political system uses the banks as a helicopter to throw money to the sector they want to patronise in order to win the next election.'
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