Insurance Regulatory and Development Authority (IRDA) on Thursday said ten new players have applied for licences to enter into this fast growing sector.The Shriram group, Ranbaxy-promoted Religare Securities and real estate major DLF, have sought regulatory approval for entering the insurance sector, Muralidharan said.
A group of women calling themselves as the 'Consortium of Pub Going Loose and Forward Women' had decided to courier a 1,000 pink chaddis to the Shriram Sena office which is protesting against the Valentine's Day celebrations. Pramod Muthalik, founder of the Sri Ram Sena and also president of the Rashtriya Hindu Sena told rediff.com that they would retort by sending back a 1,000 sarees to these women.
ITC, Godrej Agrovet, DCM Shriram and other companies expanding in rural areas may eclipse the growth of their urban counterparts, including Reliance Fresh and the Future Group-owned Food Bazaar chain, helped by higher farm income that is spurring a boom in sales of fast moving consumer goods, consumer durables and apparel.
DCM Shriram Industries , too, is issuing 700,000 warrants to its promoters, Tilak Dhar and his brothers, which will raise their shareholding from 32.54 per cent to 42 per cent, though this has been challenged in the courts by shareholder Harish Bhasin, who has mounted a takeover bid on the company.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
In September, Sebi had given a six-month extension to companies.
Summary of sports events and persons who made news on Tuesday
The big flops of the year -- Reliance Power and Future Capital Holdings -- are currently available at 25 per cent below their issue price. The other major post-listing losers include BGR Energy, Shriram EPC, J Kumar Infraprojects and KNR Constructions. Among the smaller issues, Precision Pipes and Profiles, Manaksia, and Porwal Auto Components are currently available at 50 per cent below their issue prices.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
The actor and the tennis star reportedly met in Bangalore.
Unlike bank FDs that are considered risk-free investments, NCDs do carry a certain amount of risk, primary among them is the risk of default, either servicing the interest payment or meeting their principal repayment obligations.
A lump sum of Rs 100,000 has been offered under the VRS package.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
The new Honda Accord will be available in three types -- Accord 2.4, Accord 2.4 Elegance and Accord 2.4 Inspire. The price of the vehicles start from Rs 16,49,000 (ex-showroom Delhi) and go up to Rs 18,14,000.
Stockbroker Harish Bhasin has got Rs 22 crore stuck in the bid to take over DCM Shriram Industries, the Delhi-based sugar company. He invested the money to raise his stake in DSIL from 12.87 per cent to 25.05 per cent over the last five-and-a-half months. He bought DSIL shares from the open market. However, his open offer to buy 22.88 per cent stake has not taken off, pending an approval from the Securities and Exchange Board of India.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.
However, no refund of the premium will be given in case of cancellation of the ticket
Chennai's Great Lakes Institute of management (GLIM) has equipped its students with some knowledge of Mandarin, Chinese history and culture.
24/7 Customer, a $70 million BPO services provider, said that it planned to tap the capital market, but not in the immediate future.
Infotech firm Macromedia on Thursday said it would double its R&D headcount in India in the next nine months.
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
DLF Ltd has paid a whopping Rs 1,675 crore (Rs 16.75 billion) for 38 acres of land in west Delhi to DCM Shriram Consolidated Ltd and the Lohia Group.
All seems to be well with All Is Well. The film has taken its own time to reach the finishing line but fortunately for it, the music is doing some good talking, says Aelina Kapoor.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
Japanese auto giant Honda Motors on Thursday said it was willing to divest its stake in Honda Siel Cars India Ltd to its domestic joint venture partner Siel Ltd.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Microsoft Corp launched on Tuesday its instant messaging service, MSN Messenger 6.0, in India, saying it contained more powerful customisation and collaboration features to make internet communication more personalised.\n\n\n\n
41 listed firms made 73 donations to gaushalas (cow shelters) and other cow-related charities over the last four years. The donations range from a few thousand rupees to a million.
A total of 946 medals have been announced by the Union home ministry for personnel and officers of Central Armed Police Forces and state police forces, out of which three have been decorated with the President's Police Medal for Gallantry (PPMG) while 177 have been awarded the PMG.
He died after his car collided with a Maharashtra State Transport Corporation bus near Kondhali taluka in Nagpur district.
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
Prime Minister Narendra Modi on Wednesday had a meeting with Nobel laureate and Myanmar's opposition leader Aung San Suu Kyi, in his first interaction with the pro-democracy icon.
Listed cos begin appointing women directors
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
Bollywood doesn't go abroad only for outdoor shoots!
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