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According to a report by the insurance regulatory body, Insurance Regulatory & Development Authority (IRDA), private insurers have raised their market share to 62% during the April-December 2008 period over 45% in a year ago period. The total annual premium equivalent (APE) for private insurers grew by 38%, to Rs 18,220 crore for the nine … Read more Private insurers market share rises to 62%
Tata Investment Corporation (TIC), a non-banking financial company (NBFC), has hiked its stake in Tata Elxsi, a technology company of the Tata Group, to 2.04% through open market transactions. With this transaction, TIC now holds 6.34 lakh shares, representing 2.04% stake in Tata Elxsi. Prior to that, the former held 1.50% stake in Tata Elxsi.
Thomas Cook (India), the premier travel agency, has announced the launch of a tourism road show styled Holiday Carnival in Cochin to showcase popular tourist destinations both in India and abroad. The event is part of the 30-city road show organized by Thomas Cook (India) and its partners in the road show, including airlines, state … Read more Thomas Cook launches Holiday Carnival in Cochin
Foreign institutional investors (FIIs) were net sellers of Rs 363.37 crore (provisional) in the cash market on Monday, as per information available on the BSE website. While FIIs made gross purchases of Rs 769.63 crore, their gross sales aggregated Rs 1,133 crore. Domestic institutional investors (DIIs) were net buyers of Rs 275.97 crore (provisional) on … Read more FII net sellers of Rs 363 cr in cash segment on Monday
Hindustan Construction Company Ltd (HCC) has informed BSE that HCC-Laing-Sadbhav Consortium i.e. Hindustan Construction Co. Ltd (HCC) John Laing Corporation Investment Ltd (U.K.) and Sadbhav Engineering Ltd has received a Letter of Award from National Highways Authority of India, New Delhi, to construct the 96.5 km highway from Maharashtra-Madhya Pradesh Border to Dhule on NH-3 … Read more HCC bags Rs 1415 crore BOT project of NHAI
Jindal Petroleum has signed four production sharing contracts with the Georgia government for exploration and production of oil and gas in four blocks. Out of the four blocks, the affiliate of Jindal Steel and Power is likely to have 85% share in three blocks, while in the fourth block it will have 100% share.