Business

August 22, 2013 10:02 AM

IRDA penalty of over 3cr on Bajaj Allianz Life Insurance for violations

The Insurance Regulatory and Development Authority (IRDA) on Wednesday imposed a penalty of 3.10 crore rupees on Bajaj Allianz Life Insurance for violation of various norms, including thoserelated to early-death claims and group insurance.In a order, the IRDA has asked the company to pay the fine wi...

August 22, 2013 10:02 AM

India-ASEAN FTA closer with ministers endorsing text

The comprehensive economic partnership agreement between India and ASEAN has inched closer with ministers of both sides endorsing the final text of the pact in Brunei. Commerce and Industry Minister Anand Sharma, who is in Brunei, participated in the ASEAN-India Consultations yesterday. In the meeti...

August 22, 2013 10:01 AM

Rupee continues free-fall;Sensex slips below 18K

Despite interventions from the RBI and the government, the rupee continued its free-fall mode, hitting a new record low of 64.54 against a dollar. The benchmark Sensex also slipped below 18,000 points mark for the first time in almost a year.The rupee, savaged by large dollar demands from banks and ...

August 22, 2013 9:39 AM

5 cr families have benefited from MGNREGA: Plan Panel member in Trivandrum

Planning Commission member Dr. Mihir Shah has said that Kerala has been giving fruitful suggestions for revising the guidelines of the Mahatma Gandhi National Rural Employment Guarantee Act. Dr.Mihir Shah,who chairs the committee on formulating new guidelines for the implementation of MGNREGA, was d...

August 22, 2013 9:20 AM

IRDA slaps penalty of over 3cr on Bajaj Allianz Life Insurance for violations

The Insurance Regulatory and Development Authority (IRDA) on Wednesday imposed a penalty of 3.10 crore rupees on Bajaj Allianz Life Insurance for violation of various norms, including thoserelated to early-death claims and group insurance.In a order, the IRDA has asked the company to pay the fine wi...

August 22, 2013 9:14 AM

India-ASEAN FTA inching closer with ministers of both sides endorsing text

The comprehensive economic partnership agreement between India and ASEAN has inched closer with ministers of both sides endorsing the final text of the pact in Brunei. Commerce and Industry Minister Anand Sharma, who is in Brunei, participated in the ASEAN-India Consultations yesterday. In the meeti...

August 22, 2013 9:08 AM

Rupee continues free-fall despite RBI interventions; Sensex slips below 18K

Despite interventions from the RBI and the government, the rupee continued its free-fall mode, hitting a new record low of 64.54 against a dollar. The benchmark Sensex also slipped below 18,000 points mark for the first time in almost a year.The rupee, savaged by large dollar demands from banks and ...

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