While the four general insurers will have equal stake in the TPA, Life Insurance Corporation and General Insurance Corporation might hold a less stake.
Violence broke out in an industrial area in South Delhi on Thursday and factories attacked in capital's suburb Noida for the second day in the nationwide strike called by trade unions which badly hit banking services amid a mixed response in states.
A senior company official was killed and 100 others were injured in the violence at the Maruti's plant in Manesar last month.
It feels there is enough liquidity to take care of the lending activities of the banking system.
Youth Inc catches up Sachin Dev Duggal, the young CEO of cloud-based computing company nivio, and discusses with him his exciting entrepreneurial journey.
Despite aggressive marketing and offers made by real estate developers during the days before Diwali, investments in property have remained lukewarm due to high prices of houses in and around the National Capital Region (NCR), according to a survey by industry body Assocham.
Gujarat has registered the highest agricultural growth in real terms during the past decade leaving other states far behind, states a study conducted by Associated Chamber of Commerce and Industry (Assocham).
Introduction of GAAR, which was proposed by then Finance Minister Pranab Mukherjee in the Budget 2012-13 to check tax evasion, had triggered strong opposition by foreign investors following which its implementation was postponed till April next year.
The organised market is likely to grow to Rs 4.8 trillion by 2016-17.
Gold prices have come down to Rs 27,790 per 10 grams in the national capital this month from the high of Rs 32,990 per 10 grams in April.
The non-performing assets of the banking sector rose sharply to 1.28 per cent in 2011-12 from 0.97 per cent a year ago due to high interest rate and slowdown in the economy.
An e-IPO is a mechanism through which investment in public offerings can be done online without signing any physical documents.
Currently trading at the 53-level against the US dollar, the rupee has depreciated as much as 25 per cent in the last one year, amid sluggish economic trends.
The insurance regulator IRDA on Monday said it is mulling to follow the lead insurance model based on geography, which is presently followed by the banking industry known as 'lead banking model'.
Expressing dissatisfaction over the RBI decision to keep interest rates unchanged, India Inc today said rate cuts were needed to make the industry invest more and drive economic growth.
The aviation sector needs $30 billion worth of investment over the next 15 years to keep up with booming passenger and cargo traffic, Secretary Nasim Zaidi said on Friday.
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Narrowing of the current account deficit will help arrest depreciation of the rupee and ease inflation concerns, industry groups said.
In the first two quarters of 2012-13, banks referred a record number of 74 CDR cases, involving a total debt amount of Rs 40,000 crore.
In 50 days, 60% of the work force was let off in retail, agri, textile and other sectors.
The recommendations by Shome are significant as they have been made at a time when two major tax reforms, the Goods and Services Tax and the Direct Taxes Code, have made no headway.
The investments were attracted in sectors like finance, manufacturing, real estate and irrigation, the survey said.
Haryana tops the list of states that have witnessed maximum number of public-private-partnership (PPP) projects in the area of urban development, with a share of 85 per cent worth Rs 66,800 crore as on August 2012, a study has said.
Expressing concerns over slow industrial production growth, industry today asked the Reserve Bank to cut rates in its policy review next month to boost investments and bring the growth back on track.
NRIs remittances jumped 19 per cent to $66 billion in the last fiscal compared to the previous financial year because of a sharp decline in the rupee value against dollar, Assocham said in a study.
Heads of the leading business chambers -- Ficci and Assocham -- on Monday said the industry has 'equal responsibility' along with the government to pull the economy out of slowdown without always 'cribbing about policy paralysis'.
The airlines in India are expected to add around 370 aircraft worth Rs 150,000 crore (Rs 1.5 trillion) to their fleet by FY17, according to a study by Assocham.
The new Companies Bill, which was first introduced in the Lok Sabha in 2008, seeks to give a fillip to the cause of corporate social responsibility and corporate governance.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
The state assisted about 5,290 SME units utilising about Rs 52.49 crore (Rs 524.9 million) of the margin money subsidy for facilitating growth in the sector, the study said.
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Amid the top 20 states, Kerala is the only state which witnessed a surge in the proposed investments at 10 per cent with two projects worth over Rs 14,200 crore (Rs 142 billion).
The steep hike in petrol prices evoked mixed reactions with a section of industry saying the move would further burden the comman man even as policy makers and experts felt the increase would benefit the economy in the long run.
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30.
Besides prices of edible items, the general inflation has remained stubbornly over 9 per cent since December 2010.
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
Gaming industry is estimated at $40 billion and is expected to reach $59 billion.
Industry chamber Assocham on Friday called for increasing tax holiday period to 10 years for the capital-intensive oil and gas exploration sector in the upcoming Budget.
Developing new mass rapid transit system (MRTS) will help decongest the already choked roads of Mumbai and cope with rapid urbanisation, according to a report by industry body Assocham.
India's clinical trials business is expected to reach $1 billion.
Investors are apprehensive about the draft Direct Taxes Code.
Brokerage Edelweiss Securities said if the NDA returns to power with a clear majority in line with exit polls, markets would rejoice the policy continuity.
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