In about a month’s time from now, purchasing general insurance policies for health, motor and property could become more expensive, as the government has asked insurers to bear the risk of loss-making businesses on their books — else hike the premiums adequately. This would impact the car insurance segment especially, as insurers were used to […]
Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed. It cited collusion between the employees of insurers and private persons, document falsification and manipulation in citing cause of death to claim insurance benefits, as some of the reasons behind these […]
The Insurance regulator has expressed concern over corporate governance at India’s biggest insurer, the Life Insurance Corporation or LIC, which has been led by an acting chairman for the last nine months. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-raises-concerns-over-corporate-governance-in-lic/articleshow/12139256.cms
Small policyholders of the country’s largest life insurer are carrying the can for the government’s ambitious disinvestment programme. Almost all of Life Insurance Corporation (LIC) of India’s investment calls in the government’s disinvestment programme that restarted in 2009 have gone wrong, resulting in huge notional losses for policyholders in the underlying schemes http://www.business-standard.com/india/news/lic-policyholders-carry-disinvestment-can/466727/ .
The Government has decided to allow public sector companies buy back their shares like any private company. Such a move would help the Government meet its disinvestment target. The Cabinet Committee on Economic Affairs on Thursday approved a proposal to enable the Department of Disinvestment “respond to normal practices in the corporate world if proposed […]
The Government has decided to allow public sector companies buy back their shares like any private company. Such a move would help the Government meet its disinvestment target. The Cabinet Committee on Economic Affairs on Thursday approved a proposal to enable the Department of Disinvestment “respond to normal practices in the corporate world if proposed […]
The Securities and Exchange Board of India (Sebi) on Thursday warned investors against dealing with unauthorised portfolio management schemes (PMS). “It has come to the notice of Sebi that some entities are soliciting the general public to entrust their funds and securities to them and offering portfolio management and advisory services without obtaining certificate of […]
Wishing they’d saved more money is what people regret most in life, followed by not working harder at school, according to a survey http://www.financialexpress.com/news/people-regret-not-saving-more-money-most-in-life/917750/
Market manipulation and price rigging continue to be the biggest concerns for investors, despite harsh actions taken by the capital market against unscrupulous operators for cornering IPOs and trading on insider information. Securities transaction tax (STT) and corporate governance lapses are the other worries, according to a large number of investors who participated in a […]
The Union government has reduced the cap on subscription by retail investors in the Rs 3,000-crore tax-free bond issue of Rural Electrification Corp (REC) to Rs 1 lakh, from Rs 5 lakh that was allowed for previous such issues. A notification dated February 14 issued by Central Board of Direct Taxes (CBDT) clearing the issue […]
