| Implement mechanism to reduce delay in licence renewal: IBAI | 24-NOV-09 |
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| The Insurance Brokers Association of India (IBAI) today demanded implementation of a mechanism to reduce delays in renewal of licences and dub-bed the recommendations of the Swarup Committee as being “unpractical” and “misconceived”. |
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| Insurance brokers insist on speedy licence renewal | 24-NOV-09 |
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| The Insurance Brokers Association of India (IBAI) today demanded implementation of a mechanism to reduce delays in renewal of licences and dubbed the recommendations of the Swarup Committee as being “unpractical” and “misconceived”. |
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| Fitch Assigns Ratings to LICMF Income Plus Fund | 23-NOV-09 |
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| Fitch Ratings has today assigned LICMF Mutual Fund Asset Management Company Ltd's (LICMF AMC) LICMF Income Plus Fund a credit rating of 'AA+(ind)' and a volatility rating of 'V1(ind)'. |
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| LIC to rejig Ulips after Irda norms | 23-NOV-09 |
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| Following the Insurance Regulatory Development Authority’s (Irda’s) cap on insurance charges, Life Insurance Corporation (LIC) is looking at measures like increasing the minimum premium and lock-in period, and rejigging other expenses such as fund management charges, for unit-linked insurance plans (Ulips). |
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| State not to resort to open market borrowing till Jan | 18-NOV-09 |
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| The Orissa government will not resort to open market borrowing till January 2010. It has already indicated to the Reserve Bank of India (RBI) that it will not resort to open market borrowing till January next year after which it will review the fiscal position of the state. |
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| LIC Housing: Room to grow | 11-NOV-09 |
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| Although cost of funds came down, yields on loans weren’t high enough for LIC Housing Finance to post an increase in margins in the September 2009 quarter. The firm’s net interest margin stayed sequentially flat at 2.45 per cent while showing a slight fall year-on-year. |
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| RIL discovers oil in Cambay basin | 11-NOV-09 |
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| Mukesh Ambani-controlled Reliance Industries (RIL) today said it has made its first on-land oil discovery in the Cambay basin, around 130 km from Ahmedabad. |
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| Andhra Bank seeks nod for LIC trail commission | 10-NOV-09 |
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| Andhra Bank, whose insurance venture with Bank of Baroda and Legal & General was launched today, has approached the regulator to protect the trail commission it stands to earn from its distribution tie-up with Life Insurance Corporation of India (LIC). |
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| Haryana govt to impose licence-raj for cable TV | 10-NOV-09 |
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| The government of Haryana will shortly do what the information and broadcasting ministry had tried to introduce for years by taking a decision to auction three-year licences to run cable operations in every city and town in the state. |
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| Decision on uniform licence fee to be delayed | 05-NOV-09 |
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| Telecom operators looking for uniform licence fee will have to wait longer as the sectoral regulator, Trai, seeks to take the view of the industry on the issue, a process that would take about two months. |
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| DoT relents; to seek Trai views on uniform licence fee | 04-NOV-09 |
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| After initial resistance, the Department of Telecom (DoT) has relented and would now seek telecom regulator Telecom Regulatory Authority of India's (Trai) recommendations on a proposal to bring in a uniform licence fee. |
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| Timex gets product licence of ICC Cricket World Cup 2011 | 30-OCT-09 |
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| The company, which today introduced a new range of watches under 'Statement Series', said it would launch special edition watches with the ICC logo for Cricket World Cup 2011, to be held in the Indian subcontinent. |
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| LIC Housing Finance net surges 27% | 30-OCT-09 |
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| LIC Housing Finance posted a 27 per cent rise in its net profit to Rs 171.25 crore for the quarter ended September 30 as compared to Rs 135 crore in the year-ago quarter. The growth was helped by an Rs 41.69 crore write-back on provisions. |
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