Life insurance sector grew by 58 per cent in April as private players kicked off fiscal 2006-07 by increasing their market share to over 32 per cent.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
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.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
SBI Life outsmarted other private sector peers under group insurance by covering 4,73,526 lives or about 14 per cent of the total 35,39,648 lives covered by all insurers and stood next to the public sector monolith LIC till December 2003.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
Domestic institutional investors (DIIs) may not be net buyers of Indian equities in the near term on lack of inflows and are likely to continue with redemption or sit on sidelines, mutual fund officials said.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
Advisors and agents known to you personally can also sell wrong policies.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
These schemes came into force from June 1.
Online policies are cheap because there is no agent's fee involved, other administrative costs of the insurance company are lower and, most importantly, these use the latest statistics for calculating premia.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
To attract capital into infrastructure projects, the ratings system needs a fresh look.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Buying an insurance policy? Claim Settlement Ratio helps you find out the chance that your claim will be settled and how soon it will be setled.
Macro and micro environment are becoming more challenging.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
In his book Restart, Mihir Sharma minces no words in pointing out that faulty policies, the lackadaisical attitude of bureaucrats and a few wrong decisions of past governments have hampered India's growth.
The Reserve Bank of India (RBI) raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
With a 20 hour average delay, the New Jalpaiguri Express is the queen among late-running trains.
As markets gain momentum, investors are again being lured into investing in ULIPs but they may face the heat in case markets fall.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
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The ETF is expected to fetch the govt Rs 3,000 crore.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
The biggest private sector lender, are swarming the market with discounts and special offers
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