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USIBC seeks relaxation in FDI norms in insurance and defence

USIBC seeks relaxation in FDI norms in insurance and defence

Last Updated: Wednesday, July 09, 2014, 12:41

The US India Business Council (USIBC) has sought an increase in FDI cap in key sectors like insurance and defence in Modi government's maiden Budget to be presented on Wednesday.

Govt proposes 49% FDI in insurance, caps voting rights to 26%

Last Updated: Monday, July 07, 2014, 20:12

The government plans to increase foreign direct investment in the insurance sector to 49 percent with a rider that voting right of overseas partner will remain capped at 26 percent.

Fire at LIC building in Kanpur

Last Updated: Thursday, July 03, 2014, 15:18

A massive fire broke out at the Life Insurance Corporation building in Kanpur, police said.

Insurance sector to benefit from any hike in investment limit: AIG

Last Updated: Tuesday, July 01, 2014, 17:54

The reported proposal to double the exemption limit for investments by individuals to Rs 2 lakh in the forthcoming budget will accelerate growth in the insurance sector and also give some relief to the people, a top Tata AIG General Insurance official said Tuesday.

Signs of improvement in US health costs, coverage

Last Updated: Tuesday, July 01, 2014, 04:44

Health costs in the United States surged in the decade to 2010 along with the tally of Americans without medical insurance, but both trends then improved, a study said Monday.

Maxlife Insurance launches new customer centric initiative

Last Updated: Monday, June 30, 2014, 15:06

The share of life insurance as part of personal finance portfolio is declining and its penetration has also been adversely affected.

Indian govt working on world`s largest health insurance scheme

Last Updated: Monday, June 30, 2014, 00:37

The new Indian government is planning to bring about a "complete transformation" of the health sector and is working on the blueprint of the world`s largest universal health insurance programme.

`Govt working on providing insurance cover to nuclear plants`

Last Updated: Saturday, June 28, 2014, 19:47

The government is working with a group of experts and officials of Nuclear Power Corporation of India, Finance Ministry, insurance companies to work out modalities of providing insurance cover to existing and new nuclear plants.

Centre allows Gujarat govt to continue with old insurance scheme

Last Updated: Saturday, June 28, 2014, 01:29

The Centre has given Gujarat government a green signal to continue the old National Agricultural Insurance Scheme (NAIS) for another year.

Reliance Capital shares climb on equity sale reports

Last Updated: Friday, June 27, 2014, 14:04

Shares of Reliance Capital rose Friday following reports the company may sell a 10 percent stake to Japan's Sumitomo Mitsui Trust Holdings.

TCS wins 5-year IT services contract from Dutch insurance firm

Last Updated: Wednesday, June 25, 2014, 17:55

TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally.

HDFC Ergo signs outsourcing pact with Accenture

Last Updated: Wednesday, June 25, 2014, 17:24

Accenture will maintain and upgrade HDFC Ergo's existing digital channels, including web portals and mobile applications.