Page 251 - Latest News
Industry majors welcome Irdai move to remove cap on agent commissions
Insurance regulator has replaced earlier cap on commission payments with overall cap on expenses; move is seen to provide more flexibility to insurers in managing their expenses
 "Industry majors welcome Irdai move to remove cap on agent commissions")
Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia
JSL says it is the first strategic partnership by an Indian company for securing a stake in a nickel reserve abroad
 "Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia")
US labour activists push for $20 per hr minimum wage as inflation persists
New York, California and Massachusetts are among states where pro-labour forces are now pushing proposals that, if approved, would boost minimum wages to USD 20 or more in the coming years
 "US labour activists push for $20 per hr minimum wage as inflation persists")
PSU banks recover 14% of written-off loans in last 5 years: FM Sitharaman
Of Rs 7.34 lakh crore written-off loans, state-owned lenders recovered Rs 1.03 lakh crore, Finance Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha
 "PSU banks recover 14% of written-off loans in last 5 years: FM Sitharaman")
Goods and services exports to cross $760 bn in FY23: Piyush Goyal
Asserts that India's self reliance drive isn't about closing doors but opening them wider, with the aim of letting competitive and comparative advantages determine international trade
 "Goods and services exports to cross $760 bn in FY23: Piyush Goyal")
Start-up funding winter a reality, going to be short & sharp: MMT chairman
Kalra was responding to a query on the churn witnessed by the start-up ecosystem where valuations have dropped and large-scale layoffs have happened
 "Start-up funding winter a reality, going to be short & sharp: MMT chairman")
Automaker SML Isuzu to raise prices to offset higher input costs
Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle
 "Automaker SML Isuzu to raise prices to offset higher input costs")
Banks need to balance between protection of money, asset creation: Prez
The President was speaking at an event organised by UCO Bank here to celebrate the completion of 80 years of the public sector lender
 "Banks need to balance between protection of money, asset creation: Prez")
Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam
The firm has tied up with over 40 known brands to offer a variety of rewards, cashback, and flat discounts across multiple categories including fashion, lifestyle, consumer-tech and D2C
 "Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam")
Licences of 18 pharma firms cancelled for manufacturing spurious drugs
A source said that the action has been taken against 76 companies in the first phase of a special drive against the manufacture of substandard drugs
 "Licences of 18 pharma firms cancelled for manufacturing spurious drugs")
CP, Dilli Haat most in-demand filming locations: Delhi govt official
The Delhi Tourism and Transportation Development Corporation acts as a facilitator for film productions in the capital
 "CP, Dilli Haat most in-demand filming locations: Delhi govt official")
Sebi introduces framework for scheme of arrangement by clearing corps
The unlisted MIIs will have to provide certain information to Sebi while filing the draft scheme of arrangement for obtaining the observation letter or no-objection letter
 "Sebi introduces framework for scheme of arrangement by clearing corps")
Real estate growth depends on job security of people: Gera Developments MD
Tight monetary norms would mean funding will become harder for developers, he says
 "Real estate growth depends on job security of people: Gera Developments MD")
AI search startup 'Perplexity' raises $26 mn to offer rival to Google
Perplexity is part of a growing wave of startups seeking to use AI to loosen Google's hold on online search. Among its investors are a striking number of Google's own AI researchers
 "AI search startup 'Perplexity' raises $26 mn to offer rival to Google")
UPI merchant transactions over Rs 2,000 to carry charge of 1.1% from Apr 1
National Payments Corporation of India, through a circular has recommended Prepaid Payment Instrument charges for UPI payments
 "UPI merchant transactions over Rs 2,000 to carry charge of 1.1% from Apr 1")
G-20 sets up an expert panel on multilateral institution reforms
NK Singh, Larry Summers to head the expert group
 "G-20 sets up an expert panel on multilateral institution reforms")
First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid
The 39.6 gigawatts of manufacturing capacity is expected to require investment of 930.4 billion rupees, according to a government statement
 "First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid")
Vedanta board approves Rs 7,621 crore of interim dividend for FY23
Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year
 "Vedanta board approves Rs 7,621 crore of interim dividend for FY23")
SC's fraud-tagging ruling may lengthen process for banks: UCO Bank MD & CEO
Soma Sankara Prasad believes the process of identifying an account as fradulent would be akin to that of determining wilful defaulters
 "SC's fraud-tagging ruling may lengthen process for banks: UCO Bank MD & CEO")
EXIM Bank expects foreign currency borrowings to be $3-3.5 bn in FY24
Rupee-denominated fund-raising would be worth Rs 20,000-25,000 crore in FY24, says export finance institution
 "EXIM Bank expects foreign currency borrowings to be $3-3.5 bn in FY24")