India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
There are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.
The overseas market has developed into a significant competitor for India's two biggest markets -- rupee and stocks, the pre-Budget Economic Survey 2013-14 said, adding that ten years ago, the global market was practically absent in both these fields.
Congress President Sonia Gandhi on Wednesday claimed that West Bengal has been taken on a road of destruction under the 34-year Left Front rule and assured that the Congress-Trinamool alliance is determined to free the state from this "misrule".
Communist Party of India-Marxist stalwart and Kerala Chief Minister V S Achuthanandan, the star campaigner for the Left Democratic Front in the April 13 Assembly polls, on Wednesday said he would not campaign for Left Front candidates in West Bengal.
Congress leader Rahul Gandhi on Thursday asked the people of West Bengal to end the 34-year-old 'misrule' of the Communist Party of India-Marxist and elect a government of 'aam admi' that would bring development and prosperity to the state.
In July last, fares were increased by 14.2%.
India's track record of over-promising and under-delivering also leaves plenty of room for doubt.
Images from Day 5 of the first Test between India and New Zealand, at Green Park in Kanpur, on Monday.
England's fast bowler Tim Bresnan has been officially reprimanded for breaching the ICC Code of Conduct during his side's tied match against India in Bengaluru on Sunday.
Thousands of fans who had camped outside Bangalore's M Chinnaswamy Stadium to buy just 4,000 tickets for Sunday's World Cup showdown between India and England clashed with police on Thursday, local media reported.
The Ferozeshah Kotla Stadium here, which will host four World Cup matches, has been turned into a virtual fortress with Delhi police personnel, gun-totting commandos and private security guards leaving nothing to chance ahead of Thursday's South Africa-West Indies clash.
India likely to overtake China on strong GDP growth.
Former England all-rounder Andrew Flintoff has ranked the current English side under Andrew Strauss above the Michael Vaughan-led team that won the Ashes back, after 16 years, in 2005.
Sachin Tendulkar, Virat Kohli, Katrina Kaif, Ranbir Kapoor and Alia Bhat all turned up at the 13th edition of the gala car fair.
The left-arm spin all-rounder returned to action after recovering from a knee injury, and in the second T20I against Sri Lanka, batting at No 5, blasted his way to a 18-ball 45 not out to help India notch a series-clinching seven-wicket victory in Dharamsala on Saturday.
In January 2015, 25,023 tourists arrived by availing the scheme.
There are conflicting views on Delhivery. The logistics player's results for the July-September quarter (Q2FY24) are being interpreted as good by some analysts and disappointing by others. As India's largest listed logistics player, the company stands to benefit from the formalisation across the mostly unorganised logistics space. Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
Stand-in India captain Suresh Raina feels that the absence of senior cricketers during the One-day International series in the Caribbean will be an ideal opportunity for those who did well in domestic cricket to show their performance at the international level.
In Phase 6, indications are that the BJP, which is defending 40 seats, will lose in double digits and gain in single digits. Not good, if you are the ruling party scrambling to earn a working majority, with just one phase left to go, argues Prem Panicker.
About 110 tonnes had been loaded additionally in the 55 goods wagons.
Riding on an anti-incumbency wave, Jayalalithaa-led All India Anna Dravida Munnetra Kazhagam front on Friday stormed to power handing a crushing defeat to the Dravida Munnetra Kazhagam-Congress combine in Tamil Nadu assembly polls.
Led by CPI-M stalwart, 87-year-old V S Achuthanandan, the LDF succeeded in staving off the anti-incumbency trend against the government, which was reflected in the 2009 Lok Sabha polls and civic elections last year, in which the UDF had stolen march over the Left front.
Hyundai Grand i10 is the fastest growing car in India, says the company.
'Make in India'presents a huge opportunity for jobs.
Veteran Indian spinner Ashwin scalped the wickets of Gulbadin Naib and Najibullah Zadran and gave away just 14 runs in his entire spell, as India's thrashed Afghanistan by 66 runs in a Group 2 match of the Super 12 stage in the T20 World Cup, at the Sheikh Zayed Stadium in Abu Dhabi, on Wednesday..
Prakash Karat, the head (general secretary) of the country's premier Left party, the Communist Party of India -Marxist, tells Saubhadra Chatterji it won't be doomsday if they lose power in West Bengal.
Congress General Secretary Rahul Gandh on Thursday asked the people of West Bengal to end the 34-year-old 'misrule' of the Communist Party of India-Marxist and elect a government of the aam admi that would bring development and prosperity to the state.
A Canadian Security Intelligence Service agent told the British Columbia Supreme Court that a prosecution witness alleged immigration fraud and misuse of funds against Ripudaman Singh Malik.
Former India skipper Sunil Gavaskar criticised India for their 'over-confident approach' during their shock defeat against New Zealand in the World T20 opener at Nagpur on Tuesday. The Men in Blue had been expected to edge out the Kiwis, who were without their retired skipper Brendon McCullum, as India began their campaign as warm favourites to win the tournament for a second time. But the start-studded Indian batting line-up was undone by NZ's spin trio - Nathan McCullum, Ish Sodhi and man-of-the-match Mitchell Santner - to be bundled out for just 79, their fifth loss from five completed T20 internationals against the Black Caps. Gavaskar said India's batsmen had to take the blame for the loss. Chasing just 127 to win, only three Indian batsmen managed to get into double figures, including three of their top four batsmen dismissed inside the first three overs. "You've got to show a little bit of respect to the opposition," Gavaskar said during commentary. "If the (target) was 160, then I understand that the first ball you face from a bowler, you look to score a few runs because you cannot really afford a dot ball.
South Africa skipper Dean Elgar says he was initially "shocked" at Quinton de Kock's sudden retirement from Test cricket, but insisted that the team will take the setback in its stride and strive to level the ongoing series against India.
If South Africa was able to restrict India to under 300, it was mainly due to the bowling of Dale Steyn, says Jacques Kallis.
It is deja vu so to speak. It is yet another World Cup. And yet another instance when the Indian team goes into cricket's flagship competition as the firm favourite to lift the title.
Manoj Tiwary was named as replacement for Rohit Sharma who has been ruled out of the ongoing five-match ODI series against England due to a finger injury.
British foreign minister David Miliband expressed confidence that Indian authorities will deal with the Satyam case 'very clearly and very appropriately' as he underlined the need for implementation of Indian laws of corporate governance in a 'hard-headed and clear way'.
Emerging nations have discussed delinking the quotas from the governance reforms to facilitate its passage.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
