Life insurance premium surges by 22 per cent
Life insurers have recorded a 22 per cent rise in underwriting new business with a premium collection of Rs 32,644 crore in August. The new business premium collection for the first five months of FY25 rose 21 per cent to Rs 1,54,194 crore from Rs 1,27,661 crore in the same period...
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FPI disclosure deadline approaches amid legal tussle with SEBI
10 September 2024 | PTI -
Rupee slips one paisa against US $
10 September 2024 | PTI -
Strong gains in FMCG, banking drive Sensex 376 points higher
10 September 2024 | PTI -
EVs can maintain cost without subsidies but won't oppose incentives: Nitin Gadkari
09 September 2024 | PTI -
Adani Green redeems USD 750 mn bonds
09 September 2024 | PTI -
DICGC introduces Daava Soochak for depositors
09 September 2024 | PTI -
App-centric Gen Z reshaping consumer landscape
09 September 2024 | PTI
Gujarat targets 48 MW solar rooftops on govt buildings
Solar rooftop systems of 48 MW will be installed on various government buildings in Gujarat in the current financial year for which Rs 177 crore have been allocated, the state government said on Sunday. To tap into Gujarat’s solar energy potential, the state Climate Change Department is actively installing such systems...
Glenmark forecasts strong growth for domestic formulations
The drug formulations market in India is expected to grow at a CAGR of 9-10 per cent over the next decade with Jan Aushadhi outlets anticipated to emerge as a much stronger player in the country, according to Glenmark Pharmaceuticals. The domestic formulations market is estimated to be at Rs 2...
GST Council to deliberate on insurance premium, online gaming taxation
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied...
IPO market booms with 13 upcoming offerings
The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs...
Reliance, TCS lead market value slump
The combined market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities. Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent. The...
Govt notifies uniform marketing code for medical devices sector
The government has notified a uniform code for marketing practices for the medical device industry in order to curb unethical practices. In a notification, Department of Pharmaceuticals (DoP) has asked the medical devices association to prohibit organising workshops abroad for healthcare professionals, offering them hotel stays or monetary grants. "All associations should...
Tata Power awards contracts worth Rs 11,481 crore to local suppliers
Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said. The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the past three...
