The Insurance Regulatory and Development Authority (Irda) has stuck to its guns on returns from unit-linked pension plans. Despite several representations from the industry, the regulator has decided that insurers will have to provide guaranteed returns of 4.5 per cent on gross premiums until March 11, 2011.
Tata AIG India Life Insurance has tied up with Fanklin Templeton Investments to introduce a new plan InvestAssure, a unit linked insurance plan to provide security cover with the opportunity to get high returns on insurance premium.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
Indian tax laws offer start-ups ways to save taxes.
According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
About 9 per cent of those surveyed said they had been physically harassed or assaulted, while 13 per cent said they were denied basic needs, another 13 per cent quoted mental torture and 20 per cent elders surveyed cited restrictions on their social life. Misbehaviour and ill-treatment were cited by 37 per cent while 8 per cent cited other forms of harassment.
Belying all expectations, the Trinamool Congress registreted a landslide victory in West Bengal assembly elections, overcoming the might of the Bharatiya Janata Party after a bitter campaign that had turned into a virtual duel between Chief Minister Mamata Banerjee and Prime Minister Narendra Modi.
The Securities and Exchange Board of India (Sebi) has decided against filing a joint application before a court to resolve its dispute with the Insurance Regulatory and Development Authority over unit-linked insurance plans.
The move is likely to help 4.59 lakh housing units across the country.
Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost.
BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. Its scope will be expanded to include other payments like school and university fees, government taxes, insurance premiums, mutual fund investments, even credit card bills.
Golden girl Kangana Ranaut.
The stock was the worst hit among Sensex and Nifty components.
'If the minister does not resign, then it will be the darkest incident of Indian democracy where power prevailed over the people.'
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
The Congress president alleged that the surgical strike was made public as the BJP was fighting elections in Uttar Pradesh.
News of all that's transpired on and off the football field
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
The slowdown in growth is an industry-wide trend and companies are adjusting production to bring down the inventory levels at plants as well as dealerships.
Surat-based company in talks with banks, insurance cos, manufacturing cos etc for their iris scanner machine.
United States President Barack Obama will have a tight schedule during his three-day visit starting January 25, as he will hold talks with top leadership in New Delhi on ways to make progress on key issues like defence and civil nuclear agreement and attend the Republic Day celebrations as the chief guest, among other engagements.
4,000 dialysis units to be set up across India, government working on providing free basic healthcare to BPL families.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
The announcement comes on the first anniversary of the project.
'If you are looking to fulfil imminent long-term commitments, the new online Ulips are the right product for you,' notes Santosh Agarwal/Policybazaar.com.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Chairman says turnaround has begun in sector expects 10% growth in firm's core business this year.
It is for the companies and the industry to ascertain where they want to run with the US-India civilian nuclear agreements reached by Washington and New Delhi, says United States Assistant Secretary of State Nisha Biswal. Aziz Haniffa reports for Rediff.com from Washington, DC
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
Combination of term plans and mutual funds will provide the same benefits.
The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions that comprises nine national unions.
About 4 GW of new nuclear power capacity is under construction in India
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Rana Gangeshwar Singh, the Bharatiya Janata Party MLA from Mohiuddinnagar in Bihar, spoke to A Ganesh Nadar on why he made this startling declaration to back the chief minister from another party.
The Union home ministry has issued strict guidelines for the enforcement of the 21-day complete nationwide lockdown in the wake of the covid-19 pandemic, invoking the National Disaster Management Act which may result in imprisonment of up to two years for any violation. All government offices, the offices of state and Union territory governments, autonomous institutions, public corporations, commercial, private, industrial establishments shall remain closed, the guidelines issued by the ministry said.
Four years after setting up a "home away from home" in the Franschhoek winelands of Cape Town, he is increasing his investments in the hospitality sector in South Africa.
While no exact dates have been announced yet, the flights could take off from San Francisco, New York, Chicago and Washington DC, the officials said.
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