IRDAI to discuss licences for foreign reinsurers in today's meet
Uploading Date : 24-10-2016The Insurance Regulatory and Development Authority of India (IRDAI) board will be meeting today to discuss giving second level approval or R2 to foreign re-insurance companies, which will pave the way for them to start operations in India..........
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New FDI norms may open vaults for fintech companies
Uploading Date : 24-10-2016BENGALURU: The Reserve Bank of India’s move to allow up to 100% foreign direct investment (FDI) in regulated financial services companies other than banks or insurance companies through the automatic route is likely to benefit several fintech startups as it is expected to ease equity funding norms, increase investor interest, and also help them expand into more financial services......
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Agriculture Ministry prepares contract farming act
Uploading Date : 21-10-2016NEW DELHI: Keen to spur investments in the farm sector, the government is looking at revamping the decade-old model Agriculture Produce Marketing Committee Act and carve out the provisions on contract farming into a separate law......
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Ten stocks to buy for Samvat 2073 during this Mahurat Trading
Uploading Date : 21-10-2016NEW DELHI: The S&P BSE Sensex, which has risen over 8 per cent in Samvat 2072, looks poised to hit a new record in Samvat 2073, led by growth in earnings, introduction of the GST, rise in consumption and a fall in interest rates, all of which bode well for the equity market.......
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Home textile segment may be covered under special package
Uploading Date : 21-10-2016The made-ups and home textile segment is expected to be covered under the Rs 6,000-crore special package recently approved for the garment sector.........
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Niti aayog drawing up blueprint for reforms in the farming sector
Uploading Date : 19-10-2016NEW DELHI: India is readying a raft of far-reaching reforms in the neglected agriculture sector, often seen as a politically sensitive subject, by trying to pitch the Niti Aayog’s blueprint directly with the states...........
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SBI eyes Tier-I bond issue again, hopes to raise over Rs 3000 cr
Uploading Date : 19-10-2016State Bank of India is opting for additional tier-1 (AT1) bonds for the second time in the recent past to raise up to Rs 3,300 crore to boost its capital adequacy. The lender had in September issued AT1 bonds worth Rs 2,100 to Yes Bank at an interest rate of 9 percent.............
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Rate panel eyed growth concerns; took solace in low inflation: RBI minutes
Uploading Date : 18-10-2016MUMBAI: The minutes of the Reserve Bank of India's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation, spurred the bank's recent rate cut decision......
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