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The non-life insurers witnessed a 2.33% decline in their gross premium income collection in February 2009 as compared to 6% in January 2009. High discounts, ongoing economic slowdown and the cut-throat competition are considered to be the reason for this decline. Public sector general insurer National Insurance recorded a 10.43% fall in growth, while New … Read more Premium collection of general insurers decline by 2.33% in Feb
LME copper rallies to 5-month high, closes up 4% at $4,300 per tonne; all base metals end higher Friday after week of better-than-expected economic data. Friday’s US non-farm payroll data was in line with expectations. Fund buying, technical buy-stops, momentum buying pushed prices higher. The G 20 summit, improved economic data spurring bulls into action. … Read more London Metal – Copper Hits $4,300 per Tonne – China Effect
ICICI Prudential Life Insurance is planning to expand its service in the health insurance segment, company officials announced. ICICI Prudential Life Insurance’s Managing Director Shikha Sharma said that besides huge growth potential in this sector the competition is also less as there are fewer players in health insurance as compared to life insurance. This prompted … Read more ICICI Prudential to expand service in health insurance sector
JSW Steel has informed us that the company has achieved highest ever production during 4th Quarter ended March 2009 showing growth of 11% over corresponding quarter of last year. The Crude Steel production of 4.56 lakh tons in March 2009 was higher by 28% over the corresponding month of last year and 39% sequentially over … Read more JSW reports highest ever Quarterly Production in Q4 FY 08-09
Educomp Solutions, through its subsidiary Purple Leap, has launched Career center in Tamil Nadu and held a press meet to discuss the prospects of the Purple Leap. Amit Bansal CEO, Purple Leap addressed the meet. Highlights Educomp Solutions has majority stake (76%) in Purple Leap and has become strategic investor to the company. Purple Leap … Read more Educomp Solutions – Career programs for graduates – Purple Leap
Piramal Healthcare plans to shut its manufacturing unit in Huddersfield in the United Kindom. The facility generated revenue of 19 million pounds (Rs 135 crore) in FY’09. Company has currently 3 facilities in the UK. The facilities other than Huddersfield are Morpeth & Grangemouth. Both sites will continue to provide services from European geography. Pharma … Read more Piramal Healthcare To book Rs 71 crore loss in Q4 FY’09