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Life Insurance Corporation of India
LIC mops up over Rs 1,380 crore in a day
Madhusudan Sahoo
10 Dec 2019 1:55 AM

Earlier, the Irdai had asked insurers to withdraw products by November 30 and to come up with the revised products from December 1.

Kumar Mangalam Birla (Photo: File | PTI)
Vodafone Idea to shut down if no relief comes: Kumar Mangalam Birla
Madhusudan Sahoo
07 Dec 2019 2:28 AM

Vodafone Idea shares fell over 5 per cent on Friday, spooked by Birla’s comments. The stock slumped 5.34 per cent at Rs 6.92.

Shaktikanta Das
RBI rubs it in, says no respite from price rise
Madhusudan Sahoo
06 Dec 2019 1:52 AM

Shaktikanta Das says vegetable prices should soften by early February 2020.

The government countered the Moody’s statement, saying the IMF in its latest World Economic Outlook has stated that Indian economy is set to grow at 6.1 per cent in 2019, picking up to 7 per cent in 2020.
Moody’s cuts India credit rating outlook to negative
Madhusudan Sahoo
09 Nov 2019 1:30 AM

Govt slams rater, says growth rate stays unchanged.

Onion prices have gone up to Rs 70-100, up by 40-50 per cent per kg in several mandis.
Govt relaxes rules as onion hits Rs 80 a kg
Madhusudan Sahoo
07 Nov 2019 1:32 AM

Even after assurance from the Centre on the supply issue, many cities have been witnessing sky-rocking prices of the bulb in several mandis.

As per the Irdai circular issued last week, Irdai said, “Insurers shall ensure that any portal or app providing the travel insurance coverage shall not pre-select the option of buying the travel cover as a default option.”
Travel insurance cover can’t be default option: Regulator
Madhusudan Sahoo
02 Oct 2019 1:53 AM

The Insurance Regulatory and Development Authority of India (Irdai) also banned selling travel insurance cover to tickets bought 90 days in advance.

According to the latest data available data from the Indian Computer Emergency Response Team (CERT-In), an office within the Ministry of Electronics and Information Technology, “India has encountered 49,455, 50,362, and 53,081 cyber security incidents in 2015, 2016, and 2017, respectively.”
Cyber insurance cover sales rise as attacks increase
Madhusudan Sahoo
01 Oct 2019 1:45 AM

It is learnt that cyber attack cases have gone up to more than 50,000 incidents till 2017.

Insurers expect the trend to remain for at least a couple of months more, as many more would still be driving without insurance.
Steep jump in demand for basic motor insurance
Madhusudan Sahoo
24 Sep 2019 12:56 AM

A public sector general insurer too confided that the increase in policy sales could go up by more than 500 per cent in a couple of months.

The proposed ban, promulgated through an ordinance, will make it illegal to manufacture, sell, transport, distribute, advertise, export or import e-cigarettes.
Centre bans use and sale of e-cigarettes
Madhusudan Sahoo
19 Sep 2019 12:50 AM

The government also said first-time offenders would face a prison term of up to one year and a fine of Rs 1 lakh.

Amazon is upbeat about its furniture business. “Customers typically look to upgrade their homes in the festive season. We have added more than 60,000 products this year to offer the largest selection of furniture,” he said.
Amazon sees 50 per cent more sales this year
Madhusudan Sahoo
17 Sep 2019 1:42 AM

Kicking off the first road show in the capital, the senior officials of Amazon India said they would hold similar shows across regions.

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