Life insurance premium collection down 20%. The pension saga continues to take toll on the life insurance industry, particularly for the private players, as the number of policies issued by them is down by nearly 35 per cent, in the current financial year http://www.business-standard.com/india/news/pvt-life-insurers-policy-issuance-dips-35-since-april-/456647/
Company/ Issuer L&T Infrastructure Finance Company Limited Scheme/ Issue L&T Infra Bonds 2011B (Note: Cheque / DD should be drawn in favour of“L&T Infra Bonds 2011B” by all applicants) Interest Rate/ Yield 9% p.a. and 9% compounded annually Issue Opens on 25-Nov-11 Issue Closes on 24-Dec-11 Face Value & Issue Price Rs. 5000 and in […]
FAQ Issue of Financial Year 2011-12: IFCI, IDFC, L&T 2011, SREI, L&T 2012, IDFC 2012 – Tranche 2, IFCI 2012, IDFC 2012 – Tranche 3 What is the additional tax benefit under Section 80CCF? All of you know that you can reduce your taxable income by investing in certain instruments like tax saving fixed deposits, […]
In a radical move, the Insurance Regulatory and Development Authority (Irda) proposed to open up a bancassurance distribution channel, where banks would be allowed to tie-up with one set of insurance companies (life, non-life and standalone health insurance company), in one state. This indicates, in a particular state, a bank would be allowed to sell […]
Company Union KBC Asset Management Company Private limited Scheme UNION KBC TAX SAVER SCHEME NFO Opens on 8-Nov-11 NFO Closes on 9-Dec-11 Minimum Investment Rs. 5000 Initial Offer Price Rs.10 About An Open-ended Equity Linked Savings Scheme 80-100% in Equity related insrtument, 0-20% Debt & Money Market Instruments Objective To generate income and long-term capital […]
The Insurance Regulatory and Development Authority’s (IRDA) stringent guidelines for comparison websites are seen as a deathblow for likes of PolicyBazaar.com, Myinsuranceclub.com and ApnaPaisa.com. Clamping down on advertising, ratings, endorsements or bestselling insurance products will surely help customers to get unbiased information for making a good buying decision. The main points, which will help customers, […]
Residential property prices have dropped across most cities, with an exception of Delhi, Mumbai, Chennai and Pune, mirroring the trend that consumers are perhaps putting off planned house purchases due to rising interest rates and fall in disposable incomes. The movement in prices of residential properties has shown a decreasing trend in nine cities covered […]
It is believed that retail investors sell stocks in a falling market and buy them when prices peak. However, lately, they have done the opposite; probably having learnt lessons from the bull market of 2009-10. Data from the stock exchanges show that retail investors have been buyers in the market every time the Sensex declined, […]
State-run lender Bank of India has decided to advance its proposed re-entry into the mutual fund business by a few months to December. “We are working on it (mutual fund business)… by December, I suppose we should have something in place,” Bank of India (BoI) CMD Alok Misra told PTI. http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/bank-of-india-likely-to-re-launch-mutual-fund-business-by-december/articleshow/10804750.cms .
Leading bourse BSE today began the consultation process for launch of a carbon index, a move that will help investors mitigate their exposure to financial risks associated with the climate change. The exchange today released a concept note on its ‘Carbon Indexing Project’, marking the first-ever attempt to create a Carbon Index in an emerging […]
