Indian News

Number of crorepatis has risen by 60% to 140,000 in last four years: CBDT

Economy, Wealth Management       Oct 22, 2018

  New Delhi: The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday.  Releasing...

Train runs over people celebrating Dussehra near Amritsar, at least 60 feared dead

Disaster Management, Life-News, Non Life-News       Oct 19, 2018

  Amritsar:  In a tragic accident, at least 50 people died and many got injured when a train run over them while they were celebrating Dussehra. The accident happened near Joda Phatak area of Amritsar a short while ago.   A large number of people were watching...

Desi wealthy club adds 7,300, totalling 3.43 lakh worth $6 trillion :

Wealth Management       Oct 19, 2018

  Mumbai: Amidst rising concern over the increasing inequality, the country created a whopping 7,300 more millionaires during the 12 months to mid-2018, taking the total number of dollar-millionaires to 3.43 lakh, who are collectively worth around USD 6 trillion, says a report.    According to Credit...

Indian firms overly confident about their Cybersecurity, Survey

Non Life-News, Reinsurance, Risk Management       Oct 18, 2018

  Mumbai: Despite the growth in data breaches, security managers at Indian firms are incredibly confident in their cybersecurity preparedness, according to a new survey conducted by research and consultancy firm Ovum for Silicon Valley analytics firm FICO.    Eighty-eight percent of executives from Indian firms said...

MFs pumped Rs 11,000 crore in equities last fortnight; FPIs bearish stance continues

Economy, Wealth Management       Oct 18, 2018

  Mumbai:  Mutual fund houses have made investments of over Rs 11,000 crore in domestic equities in the first two weeks of this month despite volatility in the stock markets, even as foreign investors pulled out a massive Rs 19,000 crore.  This comes following a net...

RBI issues guidelines to allow payments among mobile wallets

Economy, Technology       Oct 17, 2018

  Mumbai: The Reserve Bank of India (RBI) on Tuesday released guidelines to facilitate payments among different mobile wallets, a move aimed at promoting digital transactions.   As per the road-map laid down in 2017, interoperability of all KYC-compliant Prepaid Payment Instruments (PPIs) was to be enabled...

Symbo India Insurance Broking launches Marathon Insurance

Intermediaries, Non Life-News       Oct 16, 2018

  Mumbai: Symbo India Insurance Broking , a digital insurance brokerage firm, in partnership with Reliance General Insurance and event ticketing company Goeventz has launched Marathon Insurance – a unique cover for marathon runners.   The comprehensive Marathon Insurance product covers accident and medical emergency during the...

General insurers grow by 13 % to Rs 81,873 cr in H1 FY 2018-19

Non Life-News       Oct 16, 2018

  Mumbai: The domestic general insurance industry with 33 players have recorded a growth of 13 per cent from Rs 72,546 crore to Rs 81,873 crore in H1 2018-19.The industry has expanded by nine per cent to Rs 19,147 crore during the month of September,      The...

L to R-, Charles Bowman Lord Mayor of London, Gethin Jones, Laurent Sabatié and Peter Estlin Lord Mayor of London elect.

Skyline Partners get funding, to launch weather insurance products in India soon

Non Life-News       Oct 16, 2018

  Mumbai: UK based insurtech Skyline Partners, whose technology powered weather insurance offering targets the global protection gap and plans to lunch its products in India in 2019, have recently secured funding to grow the business.    Accompanying the Lord Mayor of London Charles Bowman on his...

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