Mild Recovery in Mumbai + Noida Real Estate – Bangalore and Hyderabad No Signs of Recovery

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Mumbai Residential Real Estate absorption was around 5,000 units a month in March-May 2009, which is broadly in-line with levels in early 2008 and up significantly from around 2,000 units/month in September 2008-February 2009. The number of months of unsold inventory has fallen to 11, which is in-line with early 2008 levels and may be … Read more Mild Recovery in Mumbai + Noida Real Estate – Bangalore and Hyderabad No Signs of Recovery

NSDL, CDSL revise norms for expired commodity stocks

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The National Securities Depository and Central Depository Services (India) have revised the norms relating to expired commodity stocks. The depository entities have decided to restrict off-market deals, which enabled inter-client transfer of expired commodity stocks at exchange warehouses. As per a circular issued by NCDEX on Tuesday, members must transfer the holdings from his pool … Read more NSDL, CDSL revise norms for expired commodity stocks

SBI Life Maha Anand ULIP – Review

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SBI Life has recently launched SBI Life Maha Anand — a unit linked (ULIP), non participating insurance plan. It is an simple and affordable scheme which does not require any medical examination, offers flexibility to increase investments of policyholders through top-ups and liquidity through partial withdrawals. Under the scheme, a policyholder needs to choose premium … Read more SBI Life Maha Anand ULIP – Review

FIIs net sellers of Rs 251 cr (prov) in the cash segment on Tuesday

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Foreign institutional investors (FIIs) were net sellers of Rs 250.86 crore (provisional) in the cash segment on Tuesday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 2,392.50 crore, their gross sales stood at Rs 2,643.36 crore. Similarly, domestic institutional investors (DIIs) were net sellers of Rs 7.44 crore … Read more FIIs net sellers of Rs 251 cr (prov) in the cash segment on Tuesday

Bharti AXA to launch micro-health insurance

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Bharti AXA General Insurance, a private insurance sector player, plans to launch micro-health insurance to explore the rural market. For this, the company has tied with rural co-operative banks. Further, it is in talks with micro-finance institutions and non-government organisations. Under health insurance, the insurer plans to improve its premium income from the present level … Read more Bharti AXA to launch micro-health insurance