In further trouble for Himachal Pradesh Chief Minister Virbhadra Singh, the ED has summoned him for questioning in its money laundering probe against him and others. The Enforcement Directorate (ED) action comes close on the heels of the CBI filing a charge ... Deccan Herald, 2 weeks ago
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The National Commission indicted LIC for working in cahoots with doctors for baseless certificates to repudiate claims and held this to be an unfair practice, points out Jehangir B Gai.Photograph: Hitesh Harisinghani/Rediff.com Kamaljit Singh had taken a Rs 2 lakh policy from the Life Insurance Corporation of India on April 28, 2002. He fell ill and was admitted to the Munni Lal Chopra Hospital in Amritsar, where he died on January 12, 2004. His widow Ranvir Kaur lodged a claim, but LIC ...Rediff.com, 1 month ago
It was the obvious question to ask someone minting money in spades for others. Did Madhusudan Kela dabble in markets when he was still studying? He appeared to have been expecting the question. “I did not dabble, I was in it full time,” he said. The chief ...The Financial Chronicle, 2 weeks ago
Sudeshna Bannerjee While other theatres screened a mere movie, Regal made you experience life in its many-splendoured hues. For generations of Delhites, a visit to the Regal theatre in Connaught Place, the national capital’s commercial centerpiece ...The Financial Chronicle, 1 week ago
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back. A crisp Income Tax form for the salaried individuals will be introduced from April 1, doing away with some columns to simplify the filing of returns. Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called ...Rediff.com, 3 weeks ago
Insurance regulator Irdai has cleared different levels of licences to a host of new players in the insurance industry in non-life and reinsurance spaces in its recently held board meeting. However, not a single licence was cleared by the insurance regulator ...DNA, 1 month ago
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years. Consistent investments by mutual funds and insurance companies in shares over the past few years have increased the might of domestic investors. The total value of holdings of domestic institutional investors (DIIs) as a percentage of the value of foreign institutional investors (FIIs) holdings has reached its highest level in four years.Rediff.com, 2 months ago
Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high. The fiscal 2016-17 is set to go down as a record year for government divestment. With nearly Rs 37,200 crore (Rs 372 billion) raised so far proceeds have already surpassed the previous best of Rs 24,348 crore (Rs 243.48 billion) in 2014-15. However, a closer look at the data shows close to half of the divestment proceeds this fiscal have been on account of share buybacks. Also, most of the share ...Rediff.com, 2 months ago
With PSU banks given a meagre allocation in Budget, there has been a lot of buzz around banking stocks. The Reserve Bank of India (RBI) has also paused on lowering lending rates further. Does all this change the investment opportunity in banking funds, one of ...DNA, 2 months ago
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed. Image: CEO Vishal Sikka with Infosys founder N R Narayana Murthy. Large investors of Infosys, both in India and abroad, have come out in support of Chief Executive Officer Vishal Sikka, and said the promoters and board of directors should back him to execute his strategy. They have also asked for clarification on the role of founders not associated with the company in an executive role, while ...Rediff.com, 2 months ago
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