There is huge potential for data analytics insurance sector in India which has over 40 crore life insurance policies.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
The Supertech twin towers in Noida were demolished on Sunday, a year after the Supreme Court's direction to raze the illegally built structures to the ground. The nearly 100-metre-high structures - taller than Delhi's iconic Qutub Minar (73 metres) - were brought to the ground in seconds literally like a house of cards by the 'waterfall implosion' technique, in a breathtaking spectacle of modern day engineering. They were the tallest structures to be demolished in India.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Amid a string of sectarian attacks in Pakistan, a newly built mosque in Islamabad's Margalla foothills is calling upon its followers to stop discriminating along sectarian lines and to start praying together -- in whichever way they like under the same roof.
The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
Heavy rains had battered the metropolis on Sunday and Monday as well.
The revamp, which was announced in September last year, envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is targeted to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma by retired entrepreneur Jerry Rao provides insights into a hidden facet of Gandhi's personality -- his thoughts on economics and capitalism -- and also highlights some of his views on religion, ethics, human nature, education and society.
An imminent concern for India is the fact that disenchanted al-Qaeda cadres may shift their allegiance to the Islamic State and its regional affiliate Islamic State -Khorasan Province.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.
India is likely to be the fastest-growing Asian economy in 2022-23, according to analysts at Morgan Stanley. They expect India's gross domestic product growth to average 7 per cent during this period - the strongest among the largest economies - and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade as pent-up demand is unleashed.
After a fresh round of human rights dialogue, India and the European Union on Friday concurred on the importance of safeguarding freedom, independence and diversity of civil society actors, including human rights defenders and journalists.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
The Centre is looking to continue maintaining an arms length in financial sector appointments.
'Space out when raising funds; Sebi mulls securitisation platform'
The remarks by the CJI came against the backdrop of the recent remarks by Vice President Jagdeep Dhankhar who questioned the landmark 1973 Kesavananda Bharati case verdict that gave the basic structure doctrine.
Former Union minister and Jammu and Kashmir governor Jagmohan, whose tough measures as an administrator in various roles won him many admirers but also drew criticism from some quarters, passed away following a spell of illness. He was 93.
Nearly 250 private liquor vends, licensed under now-withdrawn Excise Policy 2021-22, are running currently in the city.
Police and Lahore Development Authority officials were busy in removing encroachments outside the Arfa Karim Tower, located near the CM's Model Town residence, when a powerful blast took place.
The epicenter of the quake was Sonitpur and the quake occurred at 7.51 am at a depth of 17 kilometres, it said.
People came out of homes in large numbers, offered namaz at mosques, greeted each other with hugs and exchanged food and gifts across the length and breadth of India to celebrate Eid-ul-Adha on Sunday.
In view of the rising Omicron threat, Delhi Chief Minister Arvind Kejriwal on Thursday said that the state government has decided to strengthen the home isolation module since the new variant of COVID-19 causes mild infection.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
The Supreme Court on Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani group's stock value.
Warehousing and logistics segment has been among the most resilient asset classes in the pandemic.
Property prices will come down once there is a steady supply in the Delhi market, which could happen in the next three to four years.
He said though there is a spike in new cases, the situation is under control as not many people are developing severe disease or require hospitalisation.
Foreign portfolio investor (FPI) flows into India may remain tepid in 2022, said a recent note by Goldman Sachs, who now peg the foreign portfolio investment into India at $5 billion in 2022, down from their earlier forecast of $30 billion with risks skewed to the downside. "There has been $15 billion of equity outflows YTD in India already, and the IPO of the largest insurance company has been pushed out. "Additionally, with no mention of India's inclusion in global bond indices in the Union Budget, there are risks to our already conservative base case assumption of an announcement of India's likely inclusion into the GBI-EM Global Diversified Bond Index in Q4-2022," wrote Andrew Tilton, Goldman Sachs' chief Asia-Pacific economist in a co-authored report with Santanu Sengupta and Suraj Kumar.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
Bikers pushing their two-wheelers that were stuck and pedestrians struggling to navigate through knee-deep water was a common sight in some places.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The entire coastal region of Odisha has been experiencing rainfall since Friday night.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances