To promote penetration of insurance in the country, IRDA today proposed to rope in kirana shopowners, chemists shops and petrol pump operators to sell micro insurance products. Micro insurance products are schemes with low ticket size and targeted towards rural and urban poor http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-wants-kirana-shops-chemists-to-sell-micro-insurance/articleshow/15168864.cms .
Premier stock exchange BSE Ltd has said trading volume of its derivatives crossed Rs. 1 lakh crore mark on Wednesday. The BSE derivatives trading registered a turnover of Rs. 1,08,933.86 crore with 42,47,023 contracts traded on Wednesday, an exchange statement said here. The Index Future registered a turnover of Rs. 1,538.38 crore with 60,892 contract […]
Over 50 million subscribers of the retirement fund body EPFO can obtain e-passbook along with details of their updated accounts online from today. “The EPFO subscribers can get their statement of accounts online from today,” Central Provident Fund Commissioner R C Mishra said while addressing a seminar on Employees’ Provident Fund Act by the PHDCCI […]
After two years of negotiations, the Reserve Bank of India is set to allow HSBC to acquire 23 of the 31 branches in India of Royal Bank of Scotland. The HSBC-RBS deal, announced in July 2010, was part of RBS’ strategy to retreat from some businesses outside its home market http://www.business-standard.com/india/news/hsbc-to-finally-get-23-royal-bankscotland-branches/481463/ .
After two years of negotiations, the Reserve Bank of India is set to allow HSBC to acquire 23 of the 31 branches in India of Royal Bank of Scotland. The HSBC-RBS deal, announced in July 2010, was part of RBS’ strategy to retreat from some businesses outside its home market http://www.business-standard.com/india/news/hsbc-to-finally-get-23-royal-bankscotland-branches/481463/ .
Retail investors’ participation in the equity cash market is at a seven-year low, with more and more savings finding their way to properties, gold, risk-free avenues like bank deposits and high-yield debt instruments. The daily average volume of retail turnover is down to Rs 6,690 crore in 2012 – the lowest since 2005 and a […]
Retail investors’ participation in the equity cash market is at a seven-year low, with more and more savings finding their way to properties, gold, risk-free avenues like bank deposits and high-yield debt instruments. The daily average volume of retail turnover is down to Rs 6,690 crore in 2012 – the lowest since 2005 and a […]
Three months after he bought two life insurance policies, Mohit Jindal wrote a frantic note to ET Wealth. “My fourth monthly premium is due, but I am not sure if I should continue with the plan,” he said http://economictimes.indiatimes.com/personal-finance/insurance/analysis/insurance-mis-sellers-are-back-tips-to-deal-with-their-game-plan/articleshow/15076999.cms .
India has received its first investment through the qualified framework investor (QFI) route, putting an end to doubts that the country’s attempt to get investors to buy shares directly will be a non-starter. Kotak Mahindra Bank has concluded the deal worth $5 million for a US-based client, said a finance ministry official. http://economictimes.indiatimes.com/news/economy/finance/india-gets-5-million-in-first-qfi-investment-kotak-mahindra-bank-seals-deal-for-us-based-client/articleshow/15113303.cms .
India has received its first investment through the qualified framework investor (QFI) route, putting an end to doubts that the country’s attempt to get investors to buy shares directly will be a non-starter. Kotak Mahindra Bank has concluded the deal worth $5 million for a US-based client, said a finance ministry official. http://economictimes.indiatimes.com/news/economy/finance/india-gets-5-million-in-first-qfi-investment-kotak-mahindra-bank-seals-deal-for-us-based-client/articleshow/15113303.cms .
