Premium Illustration: Binay Sinha From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us. This is the biggest change in the insurance product place to have happened in the Indian market. That there is no flash… Continue reading Irdai allows firms to offer customised insurance to match customer needs | Analysis
Tag: firms
Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers | News on Markets
In the ranking of the most valued firms, Reliance Industries retained the number one title followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC and Hindustan Unilever | File image | (Photo: Wikipedia) The combined market valuation of five of the 10 most valued firms eroded by… Continue reading Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers | News on Markets
Sebi plans changes to force disclosures from conglomerates, unlisted firms
By Jayshree P Upadhyay BENGALURU (Reuters) -India’s markets regulator plans to change its rules to force unlisted companies to make more disclosures, including on related-party and financial transactions at the group, or conglomerate level, the regulator said on Monday. Private companies in India are not required to make rigorous disclosures related to… Continue reading Sebi plans changes to force disclosures from conglomerates, unlisted firms
M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with weak trend in equities. Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent. From the top-10 pack, Reliance… Continue reading M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
Quick commerce gains traction as firms edge towards profitability
Quick commerce is proving to be a solid business proposition. Companies like Zomato’s Blinkit and Y Combinator-backed Zepto have recently shown growth, charting clear paths to profitability. Blinkit logged its highest gross order value (GOV) and customer transactions in June and July, showing a positive contribution for the first time in the quarter… Continue reading Quick commerce gains traction as firms edge towards profitability
Personal computer firms to seek 3-month reprieve from import curbs
SURAJEET DAS GUPTA New Delhi, 3 August Personal computer (PC) companies are planning to request the Directorate General of Foreign Trade (DGFT) to provide a three-month grace period before implementing the newly imposed import licensing requirement, even as their associations have asked for an urgent meeting with the officials on the… Continue reading Personal computer firms to seek 3-month reprieve from import curbs
IndiGo to set up LLP for venture capital investments in early stage firms
IndiGo’s Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. … Continue reading IndiGo to set up LLP for venture capital investments in early stage firms
Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
Commerce and Industry Minister Piyush Goyal on Wednesday held a detailed discussion with representatives of e-commerce firms and domestic traders body CAIT on issues related to the sector, including the proposed policy, an official said. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, who attended the meeting, said that it was… Continue reading Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
Small firms in online money gaming will be unable to survive high GST: AIGF
Small companies that are into online real money-based gaming will not be able to survive due to the high Goods and Services Tax of 28 per cent, industry body All India Gaming Federation said on Wednesday. Finance Minister Nirmala Sitharaman has announced that a 28 per cent GST on the full face value… Continue reading Small firms in online money gaming will be unable to survive high GST: AIGF
Rupee slips to near one month low after US downgrade, oil firms demand
The rupee depreciated 33 paise on Wednesday and settled at a nearly one-month low of Rs. 82.59 per US dollar due to demand for safe-haven currencies after the US’ credit rating was downgraded by Fitch from ‘AAA’ to ‘AA+’, citing an “expected fiscal deterioration over the next three years”. This led to risk… Continue reading Rupee slips to near one month low after US downgrade, oil firms demand