Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for Indian insurers in the March […]
Category: Enterprise
Insurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives. […]
PTC Financial Services raises Rs 275 crore from IIFCL in its first ever borrowing since crisis
PTC India Financial Services (PFS), accused of corporate misgovernance, managed to raise Rs 275 crore from a state-owned financial institution as it looks to grow […]
Bank of Maharashtra hikes lending rates
State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors. […]
Godrej Capital aims to double loan book this year
Godrej Capital, the financial services arm of the furniture to aviation group, expects to more than double its loan book to Rs 12000 crore by […]
US emerges as India’s biggest trading partner in FY23 at $128.55 bn; China at second position
The US has emerged as India’s biggest trading partner in 2022-23 on account of increasing economic ties between the two countries. According to the provisional […]
McLeod-IL&FS settlement likely in two weeks
Kolkata: Bulk tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached […]
PSU banks set target for selling flagship government insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan […]
India-EU trade pact to promote economic ties: CII
Signing of free trade agreement between India and the European Union would help promote economic ties between the region and New Delhi. Vice President CII […]
Vedanta in talks with Barclays to raise Rs 1,500cr loan
Resources conglomerate Vedanta is in talks with Barclays Bank PLC to syndicate a ₹1,500-crore loan that will be used for repayment of existing debt and […]