Infosys bags Rs.700 crore order from India Post
August 9th, 2012 - 7:01 pm ICT by IANS
New Delhi, Aug 9 (IANS) Infosys Thursday said it has bagged a Rs.700 crore deal from the Indian government's Department of Post to enhance its core banking and insurance services ... Read more...
Posted in Sci-Tech |
Insurers to discuss revision in health, motor insurance
July 3rd, 2012 - 4:46 pm ICT by IANS
Chennai, July 3 (IANS) A key panel on the non-life insurance sector will be meeting in Hyderabad Wednesday to discuss the issue of an upward revision in health and motor ... Read more...
Posted in Business |
Airtel, Axis Bank join hands for mobile banking
May 16th, 2012 - 9:56 pm ICT by IANS
New Delhi, May 16 (IANS) Telecom company Bharti Airtel Wednesday said its subsidiary, Airtel mCommerce Services, and Axis Bank have partnered to offer banking and payment services, especially to India's ... Read more...
Posted in Sci-Tech |
Federal Bank to open 100 branches in a single day
March 6th, 2012 - 8:32 pm ICT by IANS
Mumbai, March 6 (IANS) Kerala-based Federal Bank would expand its footprint opening 100 more branches on a single day, March 10, across India, taking the total branch network to 938, ... Read more...
Posted in Business |
LIC ties up with regional bank for rural reach
October 29th, 2011 - 5:27 pm ICT by IANS
Kolkata, Oct 29 (IANS) Life Insurance Corporation of India (LIC) Saturday signed an agreement with Paschim Banga Gramin Bank, a regional rural bank (RRB) in West Bengal, for a corporate ... Read more...
Posted in Business |
Max Bupa bids for state health insurance in three states
October 18th, 2011 - 12:03 am ICT by IANS
Kolkata, Oct 17 (IANS) Health insurance provider Max Bupa has bid for a product distribution tender under the Rashtriya Swasthya Bima Yojna (RSBY) scheme in three states, a top company ... Read more...
Posted in Business |
IPO norms to be out once valuation method is finalised: IRDA chief
September 15th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Guidelines for allowing insurance companies to come out with initial public offerings will be out as soon as the regulator decides on the methodology to ... Read more...
Posted in Business |
Request for insurance cover soars as Middle East unrest spreads
March 6th, 2011 - 1:30 pm ICT by ANI
London, Mar.6 (ANI): Insurers have been inundated with requests for cover from rich individuals, oil traders and multinationals in North Africa and the Middle East amid fears that civil unrest will spread ... Read more...
Posted in World |
Pranab calls for private-public partnership in insurance
February 6th, 2011 - 12:01 am ICT by IANS
Ragunathganj (West Bengal), Feb 5 (IANS) Union Finance Minister Pranab Mukherjee Saturday advocated public-private partnership in the insurance sector to bring more people under its cover."In our country, the total number ... Read more...
Posted in Business |
Real estate most preferred investment option: survey
December 12th, 2010 - 2:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) Real estate remains the preferred choice of urban Indians for long-term investments, scoring over equities, gold and state-run savings schemes, says a leading industry lobby."Sixty-five percent of ... Read more...
Posted in Business |
India Post allowed to be agent for other insurers
October 17th, 2010 - 2:57 pm ICT by IANS
Chennai, Oct 17 (IANS) The Insurance Regulatory and Development Authority (IRDA) has allowed India Post to distribute insurance products as a corporate agent for domestic life, non-life, farm and health insurers.The new ... Read more...
Posted in Business |
Need to simplify insurance products: Official
September 28th, 2010 - 10:05 pm ICT by IANS
Mumbai, Sep 28 (IANS) The insurance regulator Tuesday said companies should simplify the complex legal language used for insurance policies, which was proving a deterrent to growth of the industry.
"If we make ... Read more...
Posted in Business |
New ULIP norms will build investor confidence: Pranab
September 1st, 2010 - 8:51 pm ICT by IANS
Mumbai, Sep 1 (IANS) Finance Minister Pranab Mukherjee said the new norms for unit-linked insurance plans (ULIPs) which kicked in Wednesday are aimed at building investor confidence.
"Reforms are not static, ... Read more...
Posted in Business |
State-run insurers not to withdraw cashless reimbursement
August 17th, 2010 - 7:14 pm ICT by IANS
New Delhi, Aug 17 (IANS) State-run general insurance companies will not withdraw cashless health or accidental insurance products and customers can avail such services from the network of hospitals approved by the ... Read more...
Posted in Business |
Insurers to comply with referral regulations by Aug 12
August 9th, 2010 - 9:35 pm ICT by IANS
Chennai, Aug 9 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked insurers to comply with its referral arrangement regulations by Aug 12.
A referral arrangement is one by which an insurer ... Read more...
Posted in Business |
Medical equipment fair in Chennai starts Aug 6
August 3rd, 2010 - 2:57 pm ICT by IANS
Chennai, Aug 3 (IANS) About 400 medical equipment manufacturers, including 20 from China, Taiwan, Germany and Britain, are expected to showcase their products at the Medicall expo beginning here Aug 6.
"The ... Read more...
Posted in Business |
Bill to settle disputes between regulators introduced
July 27th, 2010 - 3:35 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee Tuesday introduced a bill in the Lok Sabha to replace an ordinance issued last month to resolve all disputes between regulators over ... Read more...
Posted in Business |
Ordinance declares ULIPs life insurance product (Lead)
June 19th, 2010 - 11:44 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit ... Read more...
Posted in Business |
SEBI order on ULIPs a wake-up call for IRDA
April 12th, 2010 - 6:04 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, April 12 (IANS) The order of Securities and Exchange Board of India (SEBI) banning 14 life insurers from selling unit-linked insurance products (ULIP) is a wake-up call for the ... Read more...
Posted in Business |
Government to look into insurance controversy
April 12th, 2010 - 4:52 pm ICT by IANS
New Delhi, April 12 (IANS) The government Monday said it would look into the tussle between two regulatory bodies, the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory ... Read more...
Posted in Business |
IRDA to contest SEBI order (With SEBI bans 14 insurance companies from selling ULIPs)
April 10th, 2010 - 11:05 pm ICT by IANS
Chennai, April 10 (IANS) The Insurance Regulatory and Development Authority (IRDA) Saturday said it will challenge, in a legal forum, market watchdog Securities and Exchange Board of India's order banning 14 life ... Read more...
Posted in Business |
SEBI bans 14 insurance companies from selling ULIPs
April 10th, 2010 - 6:16 pm ICT by IANS
Mumbai, April 10 (IANS) Market regulator Security and Exchange Board of India (SEBI) has banned 14 insurance companies from selling Unit-Linked Insurance Products (ULIPs).
The companies are Aegon Religare, Aviva, Bajaj Allianz, Bharti ... Read more...
Posted in Business |
SEBI restrains 14 insurance companies from raising fresh money
April 10th, 2010 - 3:09 pm ICT by ANI
New Delhi, Apr 10 (ANI) The Securities and Exchange Board of India (SEBI), on Saturday restrained 14 insurance entities from raising fresh money through Ulips - Unit Linked Insurance Products.The SEBI said ... Read more...
Posted in National |
Washington broker charged for defrauding millions of dollars from investors
March 11th, 2010 - 3:04 am ICT by BNO News
SEATTLE, WASHINGTON (BNO NEWS) – A Washington broker was charged with mail fraud after allegedly stealing from several investors, prosecutors said Wednesday.Rhonda L. Beard, 47, a former Kirkland, Washington investment advisor, allegedly ... Read more...
Posted in Business |
Reliance Insurance launches two new schemes
January 5th, 2010 - 11:12 pm ICT by IANS
Chandigarh, Jan 5 (IANS) In a bid to tap different market segments, Reliance Life Insurance Company (RLIC) announced the launch of two new products - Reliance Jan Samriddhi plan and Reliance traditional ... Read more...
Posted in Business |
Reliance Life looks for overseas partner, plans public issue
October 7th, 2009 - 5:56 pm ICT by IANS
By V. Jagannathan
Chennai, Oct 7 (IANS) After operating without an overseas partner all these years, Anil Ambani group's Reliance Life Insurance is now looking out for an international strategic partner to hold ... Read more...
Posted in Business |
China pledges more funds for outsourcing industry
September 10th, 2009 - 2:37 am ICT by IANS
Beijing, Sep 10 (Xinhua) The Chinese government has pledged more aid from the country's financial institutions to boost its outsourcing industry, officials said Wednesday.
In a statement posted on the website of ... Read more...
Posted in Business |
HSBC enters China’s life insurance market
August 27th, 2009 - 4:59 pm ICT by IANS
Shanghai, Aug 27 (Xinhua) HSBC Life Insurance Company Limited, a joint venture set up by HSBC and the Beijing-based National Trust, opened for business in Shanghai Thursday, marking the global financial giant's ... Read more...
Posted in Business |
Economic Survey calls for multi-format retailing
July 2nd, 2009 - 4:36 pm ICT by IANS
New Delhi, July 2 (IANS) The Economic Survey for 2008-09 Finance Minister Pranab Mukherjee tabled in parliament Thursday has advocated sweeping policy changes like foreign investment in multi-brand retailing and higher foreign ... Read more...
Posted in Business |
Bharti Axa plans to strengthen branches, expand business
June 5th, 2009 - 9:32 pm ICT by IANS
Chennai, June 5 (IANS) The promoters of private life insurer Bharti Axa Life Insurance will infuse Rs.100 crore in the next quarter to strengthen the company's branches and expand business so that ... Read more...
Posted in Business |
Amity, Max New York to offer insurance management course
May 27th, 2009 - 6:01 pm ICT by IANS
New Delhi, May 27 (IANS) Amity Global Business School, in collaboration with Max New York Life Insurance, Wednesday announced the launch of a post-graduate diploma in insurance and sales management.
The programme ... Read more...
Posted in Business |
Regulator’s report on valuation of insurance firms next month
April 9th, 2009 - 10:43 pm ICT by IANS
Kolkata, April 9 (IANS) The country's insurance regulator will introduce fresh guidelines for valuation of insurance companies, a top official said here Thursday.
"A committee of actuaries headed by me is currently working ... Read more...
Posted in Business |
Regulator eases solvency norms for life insurers
January 2nd, 2009 - 7:41 pm ICT by IANS
Chennai, Jan 2 (IANS) India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in ... Read more...
Posted in Uncategorized |
SKS Microfinance raises Rs. 366 Crore
November 10th, 2008 - 9:51 pm ICT by ANI
Hyderabad, Nov 10 (ANI/Business Wire India): SKS Microfinance Pvt. Ltd. has announced the closure of a fourth round of equity funding in which it has raised 75 million dollar (Rs. 366 ... Read more...
Posted in Entertainment |
Cheque payment seen as hurdle to expanding mutual funds’ reach
September 15th, 2008 - 9:54 am ICT by IANS
New Delhi, Sep 15 (IANS) The finance ministry soon proposes to make cheque payments and disclosure of personal account numbers (PAN) mandatory for the purchase of all financial products, but many warn ... Read more...
Posted in Business |