The government is nudging LIC to tweak its product strategy to maximise profitability in a bid to help the country's largest insurer realise its full growth potential and yield better returns for investors, an official said. Life Insurance Corporation (LIC) has been trading below the issue price of Rs 949 a share ever since it got listed on stock exchanges on May 17. It listed at Rs 872 apiece on NSE. On Tuesday, the scrip settled at Rs 595.50, down 0.72 per cent over the previous close.
Around 58 per cent of developers expect housing prices to increase this year because of rise in input costs, while 32 per cent builders feel it will remain stable, according to a survey. According to the 'Real Estate Developers Sentiment Survey', by Realtors apex body CREDAI, real estate consultant Colliers India and property research firm Liases Foras, 43 per cent of developers expect residential demand to remain stable in 2023, while 31 per cent feel the demand would increase up to 25 per cent. As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months.
State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them. The branch launched by SBI chairman Dinesh Khara is located in Koramangala, which alongside neighbouring HSR Layout and Indiranagar are the biggest start-up hubs in the city. "...overall we are in a position to provide end-to-end services to start-ups, with that in mind this particular start-up branch is the first start-up branch we are starting, from the capital city of start-ups- Bengaluru.
Jobs in HR, administration and recruitment have seen a substantial rise as per Monster data with a 42% growth in job posting activity.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
The UK on Thursday (local time) closed Tier 1 Investor visa route to all new applicants from all nationalities with immediate effect over security concerns. Home Office took the action as the route failed to deliver for the UK people and gave opportunities for corrupt elites to access the UK. UK Home Secretary, Priti Patel took decisive action with immediate effect.
If you are planning a vacation, choose from these most clicked on destinations.
The agitational programmes include the 'Loktantra Bachao Mashal Shanti March' starting from Red Fort on Tuesday and a series of press conferences in 35 major cities across the country on March 28 and 29.
Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, saying it will help phase out unfit and polluting vehicles and also promote a circular economy. The policy will give a new identity to India's mobility and auto sector, Modi said in a video address to the Investor Summit held to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Programme.
The advantage of leasing is that you can get a new car every few years. You can also get to drive a high-end car without paying its entire price.
American banking major Citibank on Thursday announced that it will exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, home loans and wealth management.
There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.
Despite the slowdown, India's population of rich is growing. The country saw 120 more individuals join the exclusive club.
Tamil Nadu Chief Minister Jayalalithaa on Wednesday resumed her deposition before a special court in Bengaluru in the disproportionate assets case, appearing before it for the fourth time since last month.
This sort of property is better suited for an investor rather than an end user.
The size of the Indian financial services market could touch around $340 billion in the next few years.
'I go to shoots on a cycle; it saves so much time!' confesses Saiyami Kher.
'According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021. 'That is, it has halved in just 5 years. 'At the same time, the national lockdown resulted in reverse migration to rural areas, and an increase in the number of workers in agriculture. 'It also means joblessness has increased in agriculture because there are too many workers; the number of workers went up from 200 million to 232 million.'
With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. These states together account for 46 per cent of the 4.12-lakh millionaire households in the country. According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most number of billionaires annually.
The rumblings of discontent from Righteous Europe over Qatar's admittedly appalling human rights record can only be viewed as deeply disingenuous and phoney, argues Kanika Datta.
Those with plans to enter the wealth management business want to first put in place robust processes.
Had he not taken his final curtain call on April 23, 1992, Satyajit Ray would still, undoubtedly, have been making movies.
'Competition makes us better. I lose a little bit of sleep because I have competition.'
'...The more the Pakistan army becomes weaker, then there is every possibility that terrorist groups may create more anarchy in Pakistan.'
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
'Rakesh's life is hard, but he knows how to find joy.' 'He doesn't think his life's value comes from money. He sees no shame in his poverty.'
India's hopes of using the 2010 New Delhi Commonwealth Games to showcase its capital have hit fresh trouble with a parliamentary committee saying not enough has been done to prepare for the expected influx of visitors. Affordable hotel rooms looked likely to be in short supply in the city, the committee told organisers, who are already facing criticism for delays in preparations for the Games.
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
The Central Bureau of Investigation on Thursday registered three fresh cases and carried out searches at over 20 places in three cities at the premises of officials of the New Delhi Municipal Corporation (NDMC) and Central Public Works Department (CPWD), consultants and companies in connection with alleged irregularities in the over Rs 160 crore renovation work of two Commonwealth Games venues.
Alleging Hindi imposition through NEP 2020, the Tamil Nadu government has already said the two-language policy, comprising Tamil and English, will continue to remain in practice.
The Commonwealth Games Federation's Bid Evaluation Commission will assess Delhi's bid between August 4 and 7.
'Partition was a two-sided story in a very big way.' 'We've oversimplified it, blamed the British, thought of ourselves only as victims.' 'We've been both victims and perpetrators.'
Parliament proceedings were adjourned amid ruckus and sloganeering by the Opposition members over the Adani issue.
El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.
Ontario says it will introduce football for the first time if its bid for the event is successful.
Shiv Sena president Uddhav Thackeray on Saturday demanded an apology from Maharashtra Governor Bhagat Singh Koshyari over his remarks on Mumbai, and said time has come to decide whether he should be sent back home or to jail.
The capital's preparation for the 2010 Commonwealth Games has picked up the pace over the last two months but the October 3-14 multi-discipline event still risks failure, according to the CGF Coordination Commission (COCOM).
Twelve days of movie madness and 36 films later, Aseem Chhabra lists his top 10 favourite films from this year's Cannes Film Festival.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
From now on, the Taliban will be responsible for the "honour, wealth and preservation" of Afghanistan's people, Ghani said.
