Insurance companies may have to publish annual reports: IRDA

by

Insurance Regulatory and Development Authority (IRDA) may soon ask insurance companies to publish their annual reports in newspapers in a move to bring in more transparency. The authority had recently asked for details of investments made by insurance companies in stock markets between September and November. Officials at IRDA stated that the insurers will be … Read more Insurance companies may have to publish annual reports: IRDA

India fiscal deficit reaches 132% of budgeted level

by

Increasing deficit may be a bad news at a time when economy is going sluggish and growth is set to shrink by at least two percentage points In what depicts the worsening condition of government finances in one of most painful years for global economy, India’s fiscal deficit in first eight month (Apr-Nov) period of … Read more India fiscal deficit reaches 132% of budgeted level

Market to see a cautious opening ahead of New Year

by

US markets were closed on the last trading day of the year. The Indian market is likely to make a cautious opening on the first day of the New Year after its worst annual performance ever since 1980, shaking the confidence of retail investors as well as expert investors alike. Yesterdays’ trading was a dismal … Read more Market to see a cautious opening ahead of New Year