FOREIGN DIRECT INVESTMENT
IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.
State of California hopes to boost trade ties with India
Kounalakis, who is visiting India along with the Bay Area Business Council, said wit...
VMware continues to see India as a strategic market: VMWare COO
Cloud computing and virtualization software company, VMWare had made a $2 bil...
Walmart India lets go of top executives across divisions
Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.
Financial services sector: Tackling demand and credit crises
With banks risk-averse & NBFCs facing liquidity crunch, the sector wants to regain confidence to restart lending.
Govt promulgates ordinance for amendment in laws to ease auction of coal mines
The amendments in the laws would offer unexplored and partially explored coal blocks for mining through prospecting license-cum-mining lease (PL-cum-ML), an official statement said.
Monopoly miner to deter investors from coal mining in India
Competition from an Indian state-run monopoly may stymie PM’s efforts to attract investments.
India to propose easing foreign investment rules further
The Finance Ministry has suggested increasing the limit on foreign direct investment in insurance and pension companies to 74% from the present 49% and allowing foreign airlines to own Indian carriers.
Face consequences if you go on strike: Govt to employees
The Central Trade Union, except Bhartiya Mazdoor Sangh, and their affiliates in different sectors are mobilising workers and employees for their proposed nationwide general strike on January 8, to protest against some of the central government policies and press for 12-point common demands.
Insurance intermediaries with majority foreign stake can't repatriate over 75% as dividend: IRDAI
On the quantum of dividend payable, it said: "The dividend payout ratio shall not exceed 75 per cent. Dividend payout ratio shall be calculated as a percentage of 'dividend payable in a year' (excluding dividend tax) to 'profit after tax during the year'.
Market Movers: What changed for D-Street while you were sleeping
Here’s breaking down the pre-market actions.
FDI rises 15 per cent during Apr-Sep to $26 billion
Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at USD 22.66 billion. Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments.
India-Mauritius FTA nears finalisation
Negotiations were held across several sectors including goods, services, rules of origin, technical barriers to trade and sanitary and phyto-sanitary measures, trade remedies and dispute settlement. In a free trade agreement, two trading partners cut or eliminate duties on majority of goods besides liberalising norms to promote services trade and boost investments.
India hopes to continue FDI growth story in 2020
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that despite a slowdown in the global economy, inflows of foreign investment into the country have not been impacted. India received a USD 27.2-billion foreign investment in the first half of 2019 and the pace is said to have sustained thereafter.
IndiGo, Etihad Airways show interest in boarding Air India
Representatives from two companies have met govt officials and shown interest in the national carrier.
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