The Insurance Regulatory and Development Authority (Irda) has fined 10 insurance companies, including both the insurance arms of the Bajaj Auto Group, Reliance General, United India, Iffco-Tokio, New India Assurance and Shriram Life for non-compliance with various guidelines. The violations varied from opening branch offices without seeking the regulator's permission to violation of advertisement guidelines and non-fulfilment of social sector obligations.
A formal announcement by the company is expected anytime, sources added. Treasury stock refers to shares of a company which are not issued to the public, as some are kept in the company's treasury to be used to create extra cash when needed.
One India is doing great against the coronavirus, lauding the gains of the lockdown and thanking the government, and the other lacks commitment, says Sumit Bhattacharya.
Shah said India's goal is to become a $ 5 trillion economy in the next five years and without contribution from the energy and petroleum sector, this goal can't be achieved.
This is significantly higher than the government revenues of Rs 500 crore (Rs 5 billion) that ADAG has been claiming in an advertising campaign that it launched on August 17. The exercise marks the first time the directorate general of hydrocarbon, the upstream oil regulator, has worked out such an estimate. The exercise is not carried out in the normal course for oil or gas fields.
Monthly SIP inflow is Rs 6,000 crore, with a little over 1.75 million accounts
During a hearing before the Monopolies and Restrictive Trade Practices Commission (MRTPC) last month Bharti Airtel, Vodafone Essar, Reliance Communications, Tata Teleservices, and government-run BSNL and MTNL agreed to submit the undertaking.
The total AUM rose 40 per cent or Rs 6.3 lakh crore, to Rs 23 lakh crore at the end of November.
Data is the new oil, and intelligent data is the new petrol, said Mukesh Ambani
'I have a goal that one day, before audiences walk into a theatre, they will think that it's a Taapsee Pannu film and so, it will be worth their time and money.'
EGF, managed by the Capital Group, bought 16.13 million shares, or a 1.02 per cent stake, in RIL from the open market in the March-ended quarter. When share prices were down in the fourth quarter, Life Insurance Corporation added 2.4 million shares of RIL to its kitty, taking its stake to 5.52 per cent. The purchase would have cost LIC over Rs 250 crore. LIC had also bought over six million shares of RIL in the third quarter, at an investment of around Rs 800 crore.
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.
The fall in the equity markets was to put some pressure on the balance sheets of the top five asset management companies (AMCs) in the country. But, two of them have managed to buck the trend, thanks to the rise in their average assets under management (AAUM).
The entire gamut of China's activities is aimed at keeping India on tenterhooks, cause fatigue to its troops and keeping its security system unstable, so that it cannot play a meaningful role in international geopolitics as an effective partner of the US and Japan, observes Lieutenant General Syed Ata Hasnain (retd).
An 'encore' wedding will be held on November 21 and 22.
The Chinese President dethroned Russian President Vladimir Putin as the most influential person on the planet.
From India's fight against COVID-19 to China face-off, Kovind spoke on several issues during the televised address.
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
You will lose out on discounts and have to pay a higher premium.
Before buying a life insurance policy, weigh the pros and cons of who you are buying froman agent, broker or bancassurance.
The death of the veteran Bollywood actor Rishi Kapoor a huge loss for the Indian film industry.
In his annual Vijayadashmi address, the RSS chief also spoke about "urban maoism", the Sabarimala row and the need to strengthen the country's borders.
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management.
Admiral Puri says it would be wasteful to buy a foreign helicopter, pay for transfer of technology, and develop manufacturing capability in an Indian private sector strategic partner when all this already exists with HAL.
Mutual funds provide the right opportunity to the millions of investors
A study of the top ten mutual funds' equity portfolios as on March 30 reveals that funds bought huge chunks of metal major SAIL, engineering stock KEC Infrastructures, while diluted their exposure to FMCG major ITC.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
Kakinada is fast turning from a rice growing area to a buzzing town, thanks to Reliance's gas terminal.
State-run UTI Mutual fund has toppled private sector ICICI Prudential to be the country's second biggest fund house, while Anil Ambani Group's Reliance MF has retained its top position.
'When the Americans are talking about colonising Mars by 2030, India cannot be lagging behind.'
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Mukesh Ambani-led Reliance Industries on Thursday became the first Indian company to attain the market capitalisation of Rs 4 trillion (over $100 billion) after a 4.26 per cent surge in its share prices. The share prices of country's most valued firm rose by Rs 114.7 to a life-time high of Rs 2805, pushing the company's market capitalisation to Rs 4,07,748.82 crore ($103 billion).
Sensex ends in green, bluechips in spotlight.
Begin with ITC. Larsen & Toubro, yes. ICICI and HDFC, yes again.
'2.0 ends up looking like a downgraded version of a promising idea,' notes Sukanya Verma.
Gandhi has been attacking the BJP government for allegedly inking the deal at a much higher price than the one the previous United Progressive Alliance regime had negotiated to benefit 'one businessman'.
