Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
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.
At its heart, the issue is more than compliance. It is the risk of possible breakdown of a strong nexus between insurance firms and motor car dealers that makes the business the top earner for the former.
Dinesh Thakur is famous for exposing Ranbaxy safety problems
'If you talk about any kind of equality, you are under attack.'
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
The insurer plans to hire about 2,00,000 agents this financial year.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Europe's largest carmaker had previously admitted to installing cheat software on up to 11 million vehicles worldwide with smaller diesel engines.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Or, what will the Indian policy process allow it to be, says Ajit Balakrishnan.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
May be the strong United States growth will lead the world back to a period of growth and help us all put this painful recrimination behind us.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
To attract capital into infrastructure projects, the ratings system needs a fresh look.
Second body blow after diesel ban on engines of 2,000 cc and above in NCR.
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer's global governing body FIFA.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
Who are the men the prime minister relies on to execute his impressive agenda?
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Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
'Everything will be decided by the Centre.' 'Universities will have no autonomy to start a new course or introduce a new syllabus.'
2015 is set for a lot of changes - and some that we would like to happen
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
The insurance sector is seeking clarity on the 'Indian management control' clause.
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
Legal experts and official sources said the alleged submission of fake documents can also lead to criminal charges against Novartis.
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