Sangeetha G, Deccan Chronicle Page 29

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In the last Budget, the Centre had announced that the FDI limit would be raised from 49 per cent to 100 per cent for insurance intermediaries like aggregators, brokers, marketing firms and corporate agents.

Irdaiâ€™s FDI norms puzzle insurance cos

According to industry experts, the companies could find it difficult to comply with these norms.

7 Nov 2019 3:29 AM IST

Flipkart opposed the petition under the Insolvency and Bankruptcy Code, contending that it is a profit-making company with sufficient financial strength. It also contended that CloudWalker has failed to produce Purchase Orders or invoices to support the claim.

Karnataka High Court stays insolvency move against Flipkart

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

7 Nov 2019 1:31 AM IST

Rally in gold prices made customers postpone their purchases. Gold prices breached the Rs 35,000/10g level in mid-July and continued to climb to Rs 38,795/10g by the end of August.

Annual gold demand set to dip

At the end of June quarter, WGC had projected the annual demand to be in the range of 750 to 850 tonnes.

6 Nov 2019 2:08 AM IST

US Food and Drug Administration

Cadila Healthcareâ€™s Moraiya facility gets FDA warning letter

The letter is based on the Corrective and Preventive Action submitted by Cadila to the observations raised by USFDA.

5 Nov 2019 1:44 AM IST

Bengaluru was the leader in RevPAR growth as it saw 12.4 per cent year-to-date rise and 11 per cent growth in Q3 over the same period last year.

GST rate cut boosts hotel industry revenue in September quarter

RevPAR is arrived at by dividing a hotel-'s total guestroom revenue by the room count and the number of days in the...

5 Nov 2019 1:10 AM IST

Jewellery spends accounted for 15 per cent of the total volume of transactions and 22 per cent of the value of transactions through credit and debit cards, as per the data from payment processing company Worldline India.

Round-tripping finds new routes

This year, for the same period, exports in this category went up to Rs 1,326 crore- a growth of 1,489 per cent.

5 Nov 2019 1:07 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Slower growth seen for NBFC-MFIs

In the June quarter, AUMs grew 4 per cent QoQ against 20 per cent in the same quarter last year.

4 Nov 2019 1:15 AM IST

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 4.15 lakh crore in the next 5 to 6 years. The new annualized business premiums of life insurance sector and gross premiums of non-life will also grow at a similar pace.

Insurance AUMs can double in 5 years with digitisation

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 â€“ 4.15 lakh crore in the...

2 Nov 2019 1:57 AM IST

Further, average monthly wage of a worker in the organised manufacturing sector rose to Rs 12,405 during FY16-18 from Rs 4,006 during FY01-FY05. However, the wage growth has slowed down lately.

Labour productivity at multi-year low

As per the data, labour productivity grew at an average annual rate of 3.7 per cent during the financial year 2016-2018.

2 Nov 2019 1:44 AM IST

Creation of bullion banks is one of the key recommendations made by the trade as part of the proposed framework of Gold Policy. (Representational image)

Bullion banks would create 25,000 jobs: WGC

While existing commercial banks can have separate bullion banking operations, new bullion banks can also be created.

1 Nov 2019 2:13 AM IST

Cognizant is also exiting the Digital Content Business, which is not in line with the companys long-term strategic vision.

Cognizant to lay off around 7,000 staff

The company has decided to remove 10,000-12,000 mid-to-senior level employees worldwide from their current roles in...

1 Nov 2019 1:06 AM IST

Compared to e-commerce which has a user base of 90 million, social commerce has greater access to the larger vernacular audience of over 200 million, who are active on WhatsApp, Facebook or other social media sites.

Unicorns to come from social commerce

The new entities have also started grabbing attention of venture capital firms.

31 Oct 2019 1:26 AM IST