With India's auto industry expected to see structural growth for many years, there are many allied industries which are expected to ride the wave, dominated by the oil marketing companies and a few private players. The Indian lubricant industry which is already one of the biggest in the world, is now getting more attention from global oil and gas majors, reports CNBC-TV18's Yash Jain and Areeb Sherwani.
Public sector insurers had Rs 10,862 crore of underwriting loss for 2015-16, compared to Rs 7,169 crore in 2014-15.
Just like many of the State Budgets this year, Maharashtra's Budget 2017 does not add any new tax to the mix. But taking a leaf from the union budget, this budget focuses on 4 key areas: the state's economy, infrastructure, housing and agriculture. CNBC-TV18'S Yash Jain and Areeb Sherwani report on how industry is reacting to the Budget.
New India Assurance will continue to outperform the general insurance industry, says G Srinivasan, CMD of the company.
The entry of foreign reinsurers does not pose any threat to our market share is the word coming in from Alice Vaidyan, CMD, GIC, India‘s largest reinsurer.
CNBC-TV18's Prashant Nair & Yash Jain did a ground check on how the government's move to suspend the Rs 500 and Rs 1000 notes is affecting the truckers and transporters of the country.
The company, which is awaiting regulatory approvals, plans to operate in the reinsurance space via its subsidiary Gen Re. It expects to start Indian operations by FY17-end or early FY18 with an initial capital of Rs 100 crore.
Quoting sources, Yash Jain of CNBC-TV18 reports that the investors forum seeks judicial custody of Jignesh Shah alleging that he was aware of NSEL transactions.
A new electronic payment mandate is about to change the way your automated bank debit transactions work. The National Payment Corporation of India's latest flagship programme, the National Automated Clearing House or NACH is being rolled out across the country.
Speaking to CNBC-TV18‘s Yash Jain, Rashesh Shah said that RBI‘s asset quality restructure (AQR) process has been path breaking as it has helped quantify NPAs.