Sonata Software said on Monday it is evaluating plans to enter the business process outsourcing sector in the insurance space.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
'Dear Business Partner, Kindly note and inform your all customers that Digital Cashback has been revised from 0.75 per cent to 0.25 per cent with effect from August 1, 2018 across oil industry for all loyalty customers,' said the text message sent by State-owned oil companies to petrol pump operators.
'The two-word answer is: Proper oversight,' says T N Ninan.
Read the fine print carefully because even a policy with a high sum assured may have sub-limits
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
Noted banker Uday Kotak said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. Kotak also said that historically, whenever there has been a problem with a private sector lender, it has been merged with a state-run bank.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22. Speaking at Times Network's India Economic Conclave, Das said, "We have 'insurance' to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow COVID protocols", and one does not see lockdowns as well.
IMD has decided to increasingly use cutting-edge technology such as artificial intelligence (AI) and machine learning (ML) in forecasting, both to avoid such glitches and to counter the disruption of normal seasonal patterns as a result of climate change. It has formed various internal sub-groups of senior officials and meteorologists to decide on how best to use AI and ML in predicting cyclone intensity, and in making short-range weather forecasts (those valid for up to three hours) as well as long-range forecasts.
Fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. Subsequent to commencement of the normal day-to-day operations, it will be open for the investors to convert the bank into a small finance bank by making an application to the RBI, the lender said.
Tackling cyber frauds effectively will be the greatest challenge facing us all in the present century.
India's HCL Comnet, a subsidiary of HCL Technologies, has got a network management order worth Rs 31 crore (Rs 310 million) from state-run National Insurance Company, the Bombay Stock Exchange said on Friday.\n\n\n\n
Beware of spot offers and discounts aimed to lure you into binge buying.
New Year is around the corner and these things should be on your agenda!
The department has a network of more than 150,000 post offices across the country.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
LIC will be subscribing bonds worth Rs 30,000 crore.
While a company spokesperson said Bharti would either dilute its stake or exit the venture, the fund house is trying to rope in a bank to strengthen its distribution network. In addition, an asset management venture is seen to have closer links with banks, which are looking to offer a wide range of financial products.
The company has set up its new network platform in India entailing an investement of $30 million which would offer telecom and connectivitysolutions to over 150 customers in the country including banking, insurance and software firms, Cable & Wireless India managing director Sunanda Das said.
Patients from any part of the country will soon need to travel no more than three hours for treatment of the kind available in large metros.
Why are family floater plans so very important? Anil Rego answered readers' queries in an online chat on October 7
The survey by insurance firm Travelers, which surveyed 2,000 people across the US, showed that one out of eight respondents posts work-related information on social websites. According to the survey, more than 75 per cent of those who post anything personal online said they were 'not at all' or 'not very concerned' about information posted online causing professional damage.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
India isn't just a testbed for SHAREit to find and perfect a new business model, but also the start of the company's globalisation dreams.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
Ideally, people who have a family medical history should buy high sum assured if they can afford the premium of the same.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
The vertical will be based out of Bengaluru.
Prime Minister Narendra Modi has been named among the 30 most influential people on the internet by Time magazine in a list which also features US President Barack Obama.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Not just from the likes of Alibaba and Didi Chuxing, Indian startups saw a surge in Chinese funding from financial investors in 2019. This is a seven-fold jump from $459 million in 2016.
The railway minister has steered clear of populist traps and refrained from making grandiose announcements in terms of new trains and new rail routes. He should now emulate China, and rope in Japan in boosting the rail network, says Rajeev Sharma.
Three stockmarket experts give their best picks for the New Year.
