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IRDA Chairman expects insurance companies to get listed

IRDA Chairman expects insurance companies to get listed

Last Updated: Friday, July 25, 2014, 00:34

Welcoming the hike in foreign holdings in the insurance sector, IRDA (Insurance Regulatory and Development Authority Chairman T S Vijayan today expressed the hope that the move would finally enable companies to enter capital markets.

Profit not bad word, resources needed to service poor: FM

Profit not bad word, resources needed to service poor: FM

Last Updated: Thursday, July 24, 2014, 23:10

Referring to budget proposals, Finance Minister Arun Jaitley said the government has made efforts to help the middle class save and spend.

Irda fines Sahara India Life Insurance for violating norms

Irda fines Sahara India Life Insurance for violating norms

Last Updated: Thursday, July 24, 2014, 22:46

Regulator Irda has imposed Rs 5 lakh penalty on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.

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.

FDI hike gives boost to investment starved insurance sector!

FDI hike gives boost to investment starved insurance sector!

Last Updated: Thursday, July 24, 2014, 22:08

About 4.4 percent of Indians have life insurance while 5 percent have a reasonable health cover proving that insurance penetration is very low.

Insurance scrips gain as Cabinet clears FDI to 49%

Insurance scrips gain as Cabinet clears FDI to 49%

Last Updated: Thursday, July 24, 2014, 20:23

Shares of companies that run insurance business rose by as much as 4 percent after the Cabinet today gave go-ahead to FDI cap hike in the sector to 49 percent with a rider that management control will remain in the hands of Indian promoters.

'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.

US jobless claims fall to eight-year low

US jobless claims fall to eight-year low

Last Updated: Thursday, July 24, 2014, 19:15

New claims for US unemployment insurance benefits tumbled to an eight-year low last week, pointing to a firming labor market, according to official data released Thursday.

Market continues to smash records for 8th day; Nifty breaches 7,800 mark

Market continues to smash records for 8th day; Nifty breaches 7,800 mark

Last Updated: Thursday, July 24, 2014, 17:49

The 50-issue CNX Nifty of the NSE improved by 34.85 points, or 0.45 percent, to end above 7,800-mark for the first time in the history at 7,830.60.

Nifty hits record high on reform hopes

Nifty hits record high on reform hopes

Last Updated: Thursday, July 24, 2014, 17:06

The Nifty rose to a record high for a second straight session 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`s reform agenda.

Airlines insurance premium set to jump on Malaysian tragedies

Last Updated: Thursday, July 24, 2014, 15:23

The already struggling domestic airlines may have to pay higher insurance premium this year following the twin tragedy of the Malaysian Airlines, industry officials said.

Insurers gain after cabinet approves FDI hike

Insurers gain after cabinet approves FDI hike

Last Updated: Thursday, July 24, 2014, 14:29

The FDI hike to 49 percent from 26 percent had been proposed in the federal budget early this month.