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Reliance Retail (RRL), part of Reliance Industries (RIL), has set its eyes on two of Henkel India’s soap brands. Aramusk is male deodorant soap whereas Moloy is sandalwood soap; both brands are estimated to be worth Rs 10 crore. These brands have been unable generate significant revenues nationalwide but these brands are majorly demand in … Read more Reliance Retail eyes to acquire Henkel’s two soap brands
The announcement does not come as a surprise to us given the troubled state of the Dubai real estate market and there was always a possibility of Emaar being involved in consolidation of the market by virtue of its size and position. Emaar’s press release states that the three private entities which are being proposed … Read more Emaar Properties Merger – The Unanswered Questions
State owned telecom service providers — Mahanagar Telephone Nigam (MTNL) and Bharat Sanchar Nigam (BSNL) — have entered into an agreement with Conexus Mobile in order to provide a flat international data roaming plan for their customers. As a part of the agreement, subscribers of MTNL and BSNL will be offered unlimited data roaming service … Read more MTNL, BSNL International Roaming agreement with Conexus
In a landmark notification issued by the RBI, the consumers in India finally get the right to see what is their inside their credit report. Indian Credit Cards and Loans Tracking Agency – Cardbhai has published the RBI notification. The notification said, any person, who applies for grant or sanction of credit facility, from any … Read more Indians get the Right to See their Credit Report from CIBIL
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