NEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The
MUMBAI: British financial giant HSBC today said it will be shutting its struggling retail brokerage and depository business in the country, five years after it entered the segment by pumping in over $290 million.Nearly 300
WASHINGTON: House talks with President Barack Obama over ending the partial government shutdown and preventing a federal default have stalled, Speaker John Boehner told fellow Republicans on Saturday, shifting the focus to Senate efforts to
New Delhi, June 24: The growth rate of Indian insurance industry is likely to be less than 5 per cent in the current fiscal, according to industry chamber CII."The growth of the Indian insurance industry
Los Angeles, March 12: Actress Jennifer Love Hewitt would love it if someone offers insurance for her body parts."I need like, an insurance invitation. If somebody was like, Hey, you know what? We would like
Chennai, Oct 4: Agreeing that not all foreign partners of domestic insurers will pump in capital when allowed to increase stakes to 49 percent, insurance sector experts said Thursday the union cabinet nod will rekindle
New Delhi, Oct 4: Carrying forward the big-ticket reforms agenda, the government today decided to move ahead with its proposal to hike foreign investment ceiling in the insurance sector to 49 per cent from the
New Delhi, Apr 1: Owners of cars, commercial vehicles and two-wheelers will have to pay more towards insurance with enhanced motor insurance rates coming into effect from today.The premium rates for third party motor insurance
New Delhi, Apr 1: With some of the key budgetary proposals coming into effect from today, the tax payers will save some money on account of lower income tax liability, but will have to pay
New Delhi, Nov 25: Bharti Enterprises and Reliance Industries today terminated talks for the stake sale in Bharti AXA insurance companies due to differences over issues related to long term vision and joint governance. “AXA,
Kolkata, Apr 3: Trinamool Congress and Congress are opposing the Left Front's policies irrespective of their merit just to dislodge the ruling front from power, West Bengal Chief Minister Buddhadeb Bhattacharjee today said.The Congress-led UPA
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