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Renewal collection from unit-linked insurance policies (ULIPs) stands stood at Rs 46,239 crore in FY 2008-09, almost double from the previous year’s collection that stood at Rs 22,380 crore. On the other hand, the total premium collection of entire insurance industry for FY 2008-09 stood at Rs 2.20 lakh crore. In FY 2008-09, the total … Read more Renewal premium collection from ULIPs stands at Rs 46,239 crore for FY’09
Private sector life insurance company, ICICI Prudential Life Insurance, has launched ICICI Pru ClaimCare to enhance its claim settlement experience. This new initiative will negate third party administrator and settle health claims directly. This is first life insurance company in India to come out with initiative to handle health claims directly. When a health claim … Read more ICICI Pru Life launches ICICI Pru ClaimCare
Japanese Financial Giant Nomura downgraded Bharti Airtel citing concerns about 3G auction price hikes, and the impact of the MTN deal on earnings. Large operators will likely bid to overcome capacity constraints in key metros, and to avoid giving competitors any spectrum advantage. Returns will likely be adversely affected. Apart from 3G, number portability could … Read more Nomura Downgrades Bharti Airtel
Pharmaceutical major Glenmark Pharmaceuticals’ subsidiary Glenmark Generics (GGL) has received ANDA approval from United States Food and Drug Administration (USFDA) for Alclometasone Dipropionate Cream, 0.05% and will start marketing and distribution of same in US market very soon. Alclometasone Dipropionate is a low to medium potency corticosteroid indicated for relief of the inflammatory and pruritic … Read more Glenmark Pharma’s subsidiary receives USFDA approval for Alclometasone
Bharti Airtel, one of the leading telecom service providers in India, has launched ‘Jobs On Mobile Service’ in Karnataka — a job search service for blue collar jobs such as drivers, cooks, guards and many more. With demand for blue collar jobs increasing steadily, the telecom operator has launched the job search service to bridge … Read more Airtel introduces job search services on mobile – Where is the Service ?
Citigroup hosted mr. Bhave, Chairman SEBI as the keynote speaker. Here is what he told @ the conference. We live in uncertain times. While the pain has receded in the last few months, and is probably behind us, the uncertainty remains. Mr. Bhave pointed out that even as the Sensex fell from 21,000 to 8,300 … Read more Mr. Bhave wants Long Term Retail Participation