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Dec 16, 2019, 06.39 PM IST

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IRDA rejects risk pool proposal for crop insurance

IRDA has asked the govt to continue with the scheme for at least seven years to assess the results before making any change. Under the proposed risk pool format, it is proposed to create a government-owned agency that will have the mandate to fix crop premiums and payouts. The participating insurance companies would be restricted only to administrative functioning against a fixed charge.

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  • All other blocks will be awarded to the successful bidders in the auctions.

    To de-tangle growth from the grip of a slowdown, fast-moving consumer goods (FMCG) companies are redefining their product and marketing strategies, depending on their stage of evolution.

    JSPL said it was not aware of any such decision on the Gare Palma IV/1 block and that it expected the government to decide fairly on the matter. All other blocks will be awarded to the successful bidders in the auctions held in the first week of November. The coal block was auctioned earlier in 2015 as well when it had received a Rs 1,585-per-tonne quote from the Vedanta group’s Balco.

    Indian Non - Banking Financial companies could face solvency strain in the new year as funding would remain a constraint despite surplus system liquidity, according to global ratings firm Moody’s. Funding difficulties are forcing NBFC to reduce lending, resulting in funding constraints for borrowers relying on non-bank lenders.

    Tight funding for NBFCs raising risks for banks: Moody’s

    Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset is impaired and the rating falls below AAA, it has to be marked to market. The insurer cannot hide this.

    Companies with low volatility in their core financials tend to absorb macroeconomic shocks better than others while generating above-average returns. Here are 7 companies from BSE500 index with stable financials that can be good stock bets.

    ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.

    Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.

    The issue comprising a Rs 250 crore fresh issue and an equal amount of offer for sale has been fixed at a price band of Rs 177 to Rs 178 per share.

    “Right now, we are at $400 million and look forward to increasing that to $1 billion in five years… India is one of the focus areas and a key strategic market,” Takashi Niino, president and CEO, NEC Corporation, told ET. Niino said the company plans to hire 14,000 employees over the five years to support growth in India and elsewhere.

    The niche but growing segment of women bikers is proving to be an important driver of growth for companies.

    Regulator Trai is taking a serious view of the free subscription offers to movie and music streaming services and many other consumer issues as part of efforts to drive in transparency in tariffs offered by mobile operators to their subscribers, especially in view of rising consumer complaints about misleading information in telecom ads.

    “Justice Thakur will independently monitor the probe. Since there are three separate probes going on and with the Serious Fraud Investigation Office (SFIO) also stepping in, getting an independent person of repute was important to lend credibility to the whole exercise,” said one of the people.

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