FinMin asks PSU banks to switch to broker model for insurance

Tuesday, 24 Dec 2013 | PNS | New Delhi

In a bid to deepen insurance penetration, Finance Ministry has asked all public sector banks to switch to the broker model from the existing corporate agency structure for distribution of products. "The present model of corporate agency selling of insurance by banks may be dispensed with and each banks may train...

Risks to economy will continue in 2014 on high inflation: RICS

Tuesday, 24 Dec 2013 | PNS | New Delhi

Risks to economy will continue in 2014 due to high retail inflation and the Reserve Bank is likely to revise key policy rates upwards by up to 0.50 per cent to contain price rise, said RICS, a global body for setting standards in real estate. "The risk to overall economy because...

Kawasaki launches two new bikes priced Rs 12 lakh each

Tuesday, 24 Dec 2013 | PNS | New Delhi

Japanese two-wheeler major Kawasaki on Monday launched in India its globally popular premium end bikes, the Z1000 and Ninja 1000, priced at Rs 12 lakh each (ex-showroom Delhi). The company is looking to sell a total of around 250 units annually in India from its four models of premium motorcycles, including...

Interim relief for investors if arbritration award challenged

Monday, 23 Dec 2013 | PTI | Mumbai

Investors aggrieved by actions of brokers or other market entities can look forward to an upfront interim relief payment, even if the arbitration award decided in their favour gets into an appeal. According to Sebi chief U K Sinha, investor grievance redressal has been one of the top focus areas...

Markets to remain choppy till elections, say experts

Monday, 23 Dec 2013 | Anchal Kakroo | New Delhi

Last week has been a rollercoaster ride for investors as markets swung between heavy selling from domestic institutions and enormous buying from foreign investors. But amid these two groups, analysts express concern for the small and medium retail investors. Expecting markets to be extremely volatile in the coming months before...

DoT to calculate one-time spectrum fee afresh after auction

Monday, 23 Dec 2013 | PTI | New Delhi

The Department of Telecom is planning a re-calculation of the one-time spectrum charge, which has been estimated at about Rs 25,000 crore, to be levied on telecom operators after completion of next round of auction. “We will need to re-calculate it (the one-time spectrum charge) once auctions are completed,” a...

BlackBerry plans sales sops to distributors; handset price may lower

Monday, 23 Dec 2013 | PTI | New Delhi

The price of latest BlackBerry handsets are expected to fall further as the Canadian smartphone maker plans more sales incentives to distributors and operators for pushing the sales of its BB10 devices. In order to improve sales and stimulate global demand for BlackBerry 10 devices, the company executed marketing campaigns and...

We plan to open 7 stores in north India: Jeff Welch

Monday, 23 Dec 2013 | Priyanka Dua | New Delhi

With an aim to cater to vegetarian Indians, the 76 year old American chain Krispy Kreme has crafted a special egg-less doughnuts. “We found that a large number of the Indian population preferred vegetarian options, so we have a special eggless recipe for Indian market,” Krispy Kreme President...

India Inc gives thumbs-up to Rahul’s views on growth

Monday, 23 Dec 2013 | PNS | New Delhi

India Inc on Sunday said Rahul Gandhi has touched the real issues being faced by the industry and it would encourage investor sentiment. “His talk is comprehensive and touches real issues, which industry has been trying to grapple with in recent times. Gandhi’s talk is reflective of the fact that he...

NSE bets on ETFs, other new products to expand market

Monday, 23 Dec 2013 | PTI | Mumbai

Pitching for introduction of new products to make Indian capital markets deeper and more competitive, leading bourse NSE says ETFs can be the best bet for drawing mass retail investors to equities in a big way. Retailing of Government securities and other bonds can be another big draw among small investors,...


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9 killed in Rajasthan LPG cylinder blast, Rs 2L ex gratia announced

18 Feb 2018 | IANS | Jaipur

At least nine persons were killed and 18 others injured when two LPG cylinders exploded at a wedding in Beawar in Rajasthan's Ajmer district, police said on Saturday. According to police, six persons were referred to a hospital in Ajmer while 12 were referred to the district hospital in Beawar...

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Narottam campaigns at Kolaras bypoll

18 Feb 2018 | Staff Reporter | Bhopal

Madhya Pradesh Government has worked with dedication in education, health, food, agriculture, irrigation and tribal welfare, said Public Relations Minister Narottam Mishra while addressing public meeting during campaigning for Kolaras by-election. Minister Mishra addressed meetings at Khatorda, Barod, Hairpur, Emloda and Toria regions...

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