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.
Govt to reject JSPL’s winning bid for coal block in Chhattisgarh
All other blocks will be awarded to the successful bidders in the auctions.
FMCG companies tweak sales mix in slow market
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.
Coal auctions: JSPL bid for Chhattisgarh block in trouble
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.
NBFCs to face funding constraints in 2020: Reports
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.
‘NBFCs could face solvency stress despite surplus system liquidity’
Tight funding for NBFCs raising risks for banks: Moody’s
How IRDAI protects policyholders from crises at insurance companies
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.
These 7 companies with stable financials can be good stock investments
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 initiates Rs 42,000 cr payment for Essar Steel acquisition
ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.
Companies hope to strike gold on Black Friday
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.
Prince Pipes plans to raise about Rs 500 cr through IPO
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.
NEC targets $1B revenue in India, set for 5G trials
“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.
Women bikers scorch a path in the male-dominated space
The niche but growing segment of women bikers is proving to be an important driver of growth for companies.
Can telecom companies charge for ‘free’ video services?
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.
Former CJI TS Thakur to monitor probe against CG Power
“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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