On 23 September, the Insurance Regulatory and Development Authority of India (Irdai) released a consultation paper, Recalibrating Economics of Insurance Distribution, open for comments until 25 October. These are proposals, not final rules. But the regulator is finally asking the right question: who owns the customer’s experience once the sale is done?
Argentina’s players are staring down a possible FIFA action after a Falklands-themed banner surfaced on the pitch during their wild 2-1 semi-final win over England in the Semi Finals. The two-time defending champions is scheduled to play against Spain for the title, but the incident has reopened a decades-old political wound right in the middle…
Ten Nifty Midcap 100 stocks have been identified based on analyst consensus estimates, with projected upside ranging from 23% to 53% over the next 12 months. Patanjali Foods, Vishal Mega Mart and Suzlon Energy lead the list, with analysts assigning Strong Buy ratings and significant potential gains based on target prices.
The Income Tax Department has detected several cases of wrongful tax relief and deduction claims through advanced technology, rigorous verification exercises, enforcement actions, and data analytics, the Finance Ministry informed the Lok Sabha. These cases were corroborated through surveys and thorough searches of entities, individuals and intermediaries suspected of facilitating fraudulent claims. The details were…
The Punjab government on Friday announced an 8% increase in dearness allowance for about eight lakh state employees and pensioners, following long drawn protests seeking DA hike among other demands, PTI reported. The decision was announced on 18 September after Chief Minister Bhagwant Mann and Punjab Ministers Aman Arora and Baljeet Kaur, Chief Secretary KAP…
Shares of Lumino Industries jumped another 4% on Thursday after making a strong market debut, listing with more than a 34% premium over the IPO price earlier in the morning, with analysts advising fresh investors to wait while IPO allottees should watch out for key levels. The shares of the integrated engineering, procurement and construction…
Do you want to add a large-cap passive scheme to your mutual fund portfolio but are unsure whether a Nifty 50 Equal Weight Index Fund is the right choice? Unlike a regular Nifty 50 index fund, an equal-weight fund gives all 50 stocks a similar weight, reducing the portfolio’s dependence on the largest companies. With…