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Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Last Updated: Thursday, July 24, 2014, 22:18

Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.

'Nod to 49% FDI in insurance to drive capital infusion'

'Nod to 49% FDI in insurance to drive capital infusion'

Last Updated: Thursday, July 24, 2014, 19:25

Welcoming the Cabinet approval to raise 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 players, enhance insurance cover and push firms to provide long-term savings vehicles.

Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds

Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds

Last Updated: Thursday, July 24, 2014, 13:22

The approval to hike the FDI limit from the current 26 percent, a proposal which has been pending since 2008.

Over 3 lakh Indians working in the IT-ITeS sector: Govt

Last Updated: Friday, July 18, 2014, 19:49

The Indian IT-ITes has witnessed progressive growth in the last financial year with about 3.13 lakh IT professionals catering to domestic and international markets during the period, Parliament was informed today.

Raising power tariffs in Delhi a regulatory decision: Goyal

Last Updated: Thursday, July 17, 2014, 23:21

For commercial consumers, DERC hiked the power rates by up to 11 per cent.

India all set to become electronic hub

Last Updated: Thursday, July 17, 2014, 21:06

India would be competing with countries like China, Taiwan and Japan.

Economic Survey 2013-14: India has second fastest growing services sector

Last Updated: Wednesday, July 09, 2014, 19:12

India has the second fastest growing services sector in the world with a compound annual growth rate at 9 percent, just below China's 10.9 percent, during 2001 to 2012, the Economic Survey said Wednesday.

Economic Survey: Urgent need for consistency in policies for infra growth

Last Updated: Wednesday, July 09, 2014, 15:12

Lack of consistency in policies needs urgent redressal apart from removing procedural bottlenecks to keep India's infrastructure ball rolling, the government said Wednesday.

Stop step-motherly treatment to pharma sector in India: Cipla

Last Updated: Tuesday, July 08, 2014, 12:53

London Hailing the British government's efforts in encouraging research and development in the pharmaceutical industry, Cipla chairman Yusuf Hamied has said the "step-motherly" treatment given to this sector in India has to stop.

Bring policy to check API import from China: IPA to govt

Last Updated: Saturday, July 05, 2014, 17:01

The India Pharmaceuticals Association (IPA) urged the Finance Ministry to come up with a policy framework with regard to incentives to drug innovation and ease dependence on import of essential APIs (Active pharma ingredients) from China.

Services sector growth surges in June on Modi wave

Last Updated: Thursday, July 03, 2014, 12:15

India's private sector output witnessed significant uptrend in June as both manufacturing and services sector registered solid rate of expansion, driven by robust order flows and stronger business sentiment, an HSBC survey said on Thursday.

Services sector growth hits 17-month high in June

Last Updated: Thursday, July 03, 2014, 11:24

Activity in India`s services sector grew at its fastest pace in well over a year in June.