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Reliance Nippon Life Insurance acknowledged as one of the Best Insurance Companies to Work for in 2021
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jüSTa Hotels and Resorts announces opening of jüSTa Birding Resort in Dharamshala for nature lovers
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Dollar remains up slightly versus major rivals after ADP data (SPY +0.4%). Oil rebounds on bullish API Inventory Data.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 1.86% while the DAX gains 0.54%. The FTSE 100 is off 0.01%.
What Is Moving the Markets
Here are the headlines moving the markets.
Naked Short Selling: The Truth Is Much Worse Than You Have Been Told There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, its not China. Its a homegrown threat that everyone has been afraid to talk about. Until now. That fear has now turned into rage. Hordes of new retail investors are banding together to take on Wall Street. They are not willing to sit back and watch naked short sellers, funded by big banks, manipulate stocks, harm companies, and fleece shareholders. The battle that launched this week over GameStop
Dollars for finance, rupees for PSU banks
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Last Updated: Feb 02, 2021, 08:36 AM IST
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Industry CEOs and experts claim that the move will provide a fillip to an industry that needs more finances to insure more people in the world’s second-most populous nation and raise funds for long-gestation projects such as ports, road assets and aviation hubs.
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The FDI cap on insurance companies was first raised from 26 per cent to 49 per cent in March 2016.
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Five years after India increased the ceiling on overseas ownership in the insurance sector, finance minister Nirmala Sitharaman on Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing.
Government s move to relax FDI limit for insurance a big boost for small insurers
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After years of deliberation, the Indian government has increased the Foreign Direct Investment (FDI) limit in insurance companies to 74% against the current 49%, Finance Minister Nirmala Sitharaman announced on Monday in the Union Budget of 21-22 albeit some “safeguards”.
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Experts anticipate more of the country s 23 private life insurers and 28 private general and health insurers to contribute to the growth of the sector with more impact.
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MUMBAI: Five years after India increased the ceiling on overseas ownership in its insurers, Finance Minister Nirmala Sitharaman Monday heralded bold reforms in a sector considered crucial for underpinning infrastructure financing. She raised the headroom on foreign holding to 74% in one go, potentially multiplying fund-raising avenues in a long-gestation industry that needs as much capital as is available.
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