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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 Consultancy Services (TCS), a leading IT services, business solutions and outsourcing firm, has been named technology partner of Ducati Motor Holding Spa, the leading manufacturer of motorbikes and superbikes based out of Bologna, Italy. The company has signed a multi-million dollar, multi agreement with Ducati to deliver technology-based services that will help improve customer … Read more TCS in a multi-million dollar contract with Ducati
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
Neotel has announced Tata Communications, currently a shareholder in the first converged communications network operator in South Africa, has acquired the 30% stake previously held by Eskom and Transnet. This has resulted in Tata Communications in association with Tata Africa Holdings becoming a controlling shareholder in Neotel. Ajay Pandey, MD and CEO of Neotel said, … Read more Tata Communications’ increases share holding in Neotel