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Nod to 49% FDI in Insurance to Drive Capital Infusion: India Inc

Jul 24, 2014 at 22:00 | Source: NDTV Profit

New Delhi: Welcoming the Cabinet's approval to raise foreign direct investment (FDI) ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign playe...

Sensex, Nifty Hit Record Highs, Insurers Gain

Jul 24, 2014 at 18:00 | Source: NDTV Profit

Mumbai: The benchmark BSE Sensex and the broader Nifty rose to record highs on Thursday after cabinet approval for a higher foreign direct investment limit in insurance and a rejig in foreign debt limits reinforced optimism about the government&#...

ASSOCHAM hopes Parliament to give nod to Insurance Bill in current session

Jul 24, 2014 at 15:12 | Source: Assocham

Welcoming approval of the Bill to raise FDI in insurance to 49 per cent by the Cabinet, ASSOCHAM today expressed the hope that Parliament will pass the crucial reforms oriented legislation in the current session itself. If the Bill is passed within ...

Airlines insurance premium set to jump on Malaysian tragedies

Jul 24, 2014 at 14:59 | Source: FirstPost

Mumbai: The already struggling domestic airlines, including the national carrier Air India, may have to pay higher insurance premium this year following the twin tragedy of the Malaysian Airlines, industry officials said.The largest domestic carrier ...

Cabinet clears 49% FDI in insurance with Indian control

Jul 24, 2014 at 14:00 | Source: VC Circle

India's cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters. "The Cabinet Committee on Economic Affairs has approved r...

How Higher Insurance FDI Limit Could Benefit You

Jul 24, 2014 at 14:00 | Source: NDTV Profit

The Cabinet has cleared the Insurance Laws (Amendment) Bill and it will be subsequently introduced in the current session of Parliament. The Bill aims to raise the foreign direct investment in insurance sector to 49 per cent, from the current level o...

Most Emerging Stocks Advance on China Data While Won Weakens

Jul 24, 2014 at 12:00 | Source: Bloomberg

Most emerging-market stocks rose after a Chinese manufacturing gauge topped estimates, while Indian shares retreated from a record and South Korea lowered its growth outlook. The won led most currencies lower. Ping An Insurance (Group) Co. (2318) led...

Cabinet Approves 49% FDI in Insurance

Jul 24, 2014 at 11:51 | Source: NDTV Profit

The Cabinet has cleared the Insurance Laws (Amendment) Bill and it will be subsequently introduced in the current session of Parliament. The Bill aims to raise the foreign direct investment in insurance sector to 49 per cent, from the current level o...

Fast-Tracking ObamaCare to the Supreme Court

Jul 24, 2014 at 06:01 | Source: Wall Street Journal

Liberals are telling themselves that the latest ObamaCare legal challenge won't amount to much, although more nervously after the D.C. Circuit Court of Appeals ruled Tuesday that the White House is defying the law's plain text by allo...

Tweak in debt rule for foreigners

Jul 24, 2014 at 04:17 | Source: Calcutta Telegraph News

Mumbai, July 23: The Reserve Bank of India (RBI) today rejigged the limits pertaining to foreign investment in government securities. It raised the investment limit available to qualified foreign investors (QFIs), foreign portfolio investors (FPIs) ...

AIG Is Lead Insurer of TransAsia Plane Crashed in Taiwan

Jul 24, 2014 at 00:00 | Source: Bloomberg

American International Group Inc. (AIG) is the lead insurer of the TransAsia Airways Corp. (6702) passenger plane that crashed near Taiwan's Magong airport, according to Aon Plc, a broker that tracks the market for aviation coverage. The ATR-...

Rakesh Jhunjhunwala invests in VCs-controlled e-payments firm Remedinet

Jul 23, 2014 at 15:59 | Source: VC Circle

vccircle_remedinet logo Bangalore-based Remedinet Technologies Pvt Ltd, a company that provides pre-authorised e-payments platform to insurance companies & hospitals, has secured an undisclosed amount in funding from ace private investor Rake...

Split Obamacare Court Rulings Revive Health-Care Debate

Jul 23, 2014 at 10:00 | Source: Bloomberg

President Barack Obama's signature legislative initiative and the cost of health insurance for millions of Americans were cast into doubt today after two federal appeals courts issued opposite verdicts on whether the government can subsidize ...

U.S. court rulings create new uncertainty over Obamacare

Jul 23, 2014 at 04:15 | Source: FirstPost

WASHINGTON (Reuters) - Two U.S. judicial panels on Tuesday injected new uncertainty into the future of President Barack Obama's healthcare law, with conflicting rulings over whether the federal government can subsidize health insurance for millions o...

Air Insurers Worry After Malaysia Airlines' Latest Crash

Jul 22, 2014 at 14:00 | Source: NDTV Profit

Kuala Lumpur, Malaysia: Malaysia Airlines' two crashes in less than five months are sending tremors through the aviation insurance market - not least because the carrier's $2.25 billion overall liability policy is mysteriously missing...

Speaker's decision on Leader of Oppn may be influenced by govt: Amarinder

Jul 20, 2014 at 10:30 | Source: FirstPost

New Delhi:Questioning the delay in granting the Leader of Opposition's post to his party, Congress leader Amarinder Singh on Sunday said no decision by Speaker Sumitra Mahajan in this regard till now has raised fears that she could be "influence...

Give Mommy a break: TV ads and the supermom you can never live up to

Jul 20, 2014 at 09:26 | Source: FirstPost

by Sharon FernandesSirf ek Maa hi achhi aadaton ki ahemiat samajhti hai. This advertising line for a childrens health drink, that only a mother can teach a kid the value of good habits, is enough to make me feel awkwardly cornered. It is all up to me...

Atrium Says It Provided Lead War Insurance for Malaysian Jet

Jul 20, 2014 at 00:00 | Source: Bloomberg

The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an e-mailed statement today. Atrium said it's w...

Atrium Says It Provided Lead War Insurance for Malaysian Jet

Jul 20, 2014 at 00:00 | Source: Business Week

The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an e-mailed statement today. Atrium said it's w...

Jaitley vows more action

Jul 19, 2014 at 03:32 | Source: Calcutta Telegraph News

New Delhi, July 18: The government today said it planned a series of reforms outside the budget in the months ahead. Replying to a debate on the general budget, finance minister Arun Jaitley told the Lok Sabha: “There are a series of steps tha...

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