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  • Irdai to hire consultant to implement RBC regime
    on January 21, 2018 at 7:28 am

    NEW DELHI: Insurance regulator Irdai will hire consultancy services for implementation of risk based capital (RBC) regime with an aim to enhance protection of policyholders.The decision to move to the RBC norms from the current solvency principle regime has been taken after recommendations of a panel, which gave its report to the regulator last July, the Irdai had said.The RBC model is expected to be implemented by March 2021. The current Solvency Regime will continue till switch over to the […]

  • 49% Indian companies not likely to secure sensitive data in cloud: Survey
    on January 21, 2018 at 7:22 am

    MUMBAI: While an overwhelming majority of global firms have adopted cloud services, there is still a wide gap in the level of security precautions applied by them, a survey has revealed.Almost half of Indian organisations say they are not likely to secure sensitive data in the cloud, according to the '2018 Global Cloud Data Security' survey by global digital security firm Gemalto.Globally, organisations said only two-fifths of the data stored in the cloud is secured with encryption and key […]

  • Government to auction 8 more mineral blocks in three states
    on January 21, 2018 at 7:16 am

    NEW DELHI: The government has identified eight more mineral blocks with a cumulative reserve of 1,133 million tonnes (MT) in Rajasthan, Chhattisgarh and Jharkhand to be auctioned by mid-march.So far, a total of 88 mineral blocks have been notified by 9 states for auction, of which 33 blocks have been successfully auctioned with an estimated revenue of Rs 1.28 lakh crore over the lease period to the states.Of the eight mines, six are of lime stone - five in Rajasthan and one in Chhattisgarh, one […]

  • Budget may go for tax slab tweak, standard deduction
    on January 21, 2018 at 6:55 am

    NEW DELHI: The government is likely to tweak income tax slabs and rates in Budget 2018-19 to bring down the burden on individuals, while there is unlikely to be any change in the current taxation of dividends, according to a survey by EY.In a pre-budget survey by tax consultant EY, a wide majority of 69 per cent of the respondents felt that the threshold limits for taxation would increase further in order to boost disposable income in the hands of the people.About 59 per cent of the respondents […]

  • Amazon India, Flipkart fight it out in first sale of 2018 with 80% discounts
    on January 21, 2018 at 5:08 am

    Top e-commerce players Amazon India and Flipkart are deepening their range of offerings at extreme discounts in the first online sale of the year starting today. While Amazon's Great Indian Sale will go on till January 24, Flipkart's Republic Day sale will shut shop earlier. With e-commerce becoming the default shopping choice for many, this season - last the previous editions - will see an influx of shoppers logging in to tap the online-exclusive deals.The hard-to-miss offers this week will […]

  • Khorakiwala goes all out to save sinking Wockhardt against all odds
    on January 21, 2018 at 4:51 am

    In the early 1970s, a young Habil Khorakiwala had to persuade not just his father but also the extended family and even family friends to get a go-ahead to set up a factory outside Mumbai. His father Fakhruddin Khorakiwala, who led the retail chain Akbarally's at the time and later served as the sheriff of Mumbai, was a firm believer in conducting his businesses within the city limits. He enlisted his friends to dissuade Habil."I would like to die once in my life, and not every day with fear," […]

  • War for Karnataka: For BJP and Congress, bailing on Bengaluru will come at a price
    on January 21, 2018 at 4:33 am

    Last week, Bengaluru's citizenry got a surprise in the form of a suggestion by Karnataka's industries and infrastructure minister, RV Deshpande. The veteran leader told the media he had submitted a proposal to the Prime Minister's Office to make Bengaluru the country's second capital, on the grounds that it was safe from natural calamities, attacks by external forces and would also "help in the deeper integration of south India". It would, he had written, "give voice to the aspirations of […]

  • The real reason why new engineering graduates aren't getting that job call
    on January 20, 2018 at 1:35 pm

    Automation and slowing growth have hit hiring in India's information technology (IT) companies. For the first six months of this fiscal, the top six Indian IT companies saw its workforce decline by 13,402 compared to an addition of 60,240 in the same period a year earlier. As automation makes basic and repetitive jobs redundant, IT companies are getting more discreet in hiring. Instead of bulk hiring from campuses, they are mostly hiring those with niche, new-age skills and those who can be […]

  • Potential Buffett heir reveals the start of his Berkshire stake
    on January 20, 2018 at 5:58 am

    By Noah BuhayarGreg Abel is seen by many analysts and investors as the likeliest candidate to one day lead Berkshire Hathaway Inc. The latest disclosure on his stock holdings offers just a glimpse of his potential stake in Warren Buffett's sprawling company.A regulatory filing on Friday shows Abel indirectly holds about $2.1 million of stock in the Omaha, Nebraska-based company. But a separate disclosure last year noted an agreement that could catapult his holdings higher. That filing showed he […]

  • 10,500 is fair value for Nifty but 8800 can’t be ruled out: UBS
    on January 19, 2018 at 6:28 am

    Talking to ET Now, Gautam Chhaochharia, ED & Head of India Research, UBS, says if oil spurts further, if economic recovery can't be seen even from a lower base and earnings fail to catch up, Nifty at 8800 could become a possibility.Edited excerpts: The markets are at an all-time high and as I go through your earlier notes, your 2018 Nifty target of 10500 has already been met, but you do have an upside scenario for the Nifty pegged at 11900 and a downside of 8800 as well. What do you think […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

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