Motherson Sumi, Bajaj Holdings, Shriram Transport, AU Small Finance Bank, IndiaMart InterMesh and Laurus Labs are among companies scheduled to announce quarterly results today.
ONGC: India s flagship oil and gas producer Oil and Natural Gas Corporation (ONGC) said it is seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure.
Morepen Laboratories: The drug firm Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland s private venture capital firm Corinth Investment Holdings and Liquid Holdings, a promoter group of the company, on a preferential basis
RIL: Billionaire Mukesh Ambani s Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.
AMCs: Shares of asset management companies are likely to be in focus after Sebi directed the mutual fund (MF) industry that a fifth of the salary of top executives be paid in form of units of mutual fund schemes they oversee.
Affle India: The company board has approved the opening of QIP of equity shares of face value of Rs 10 each from April 28. The floor price for the issue is Rs 5,422.94 per equity share. Further a meeting of Fund Raising Committee will be held on or after May 4 to consider and approve the issue price.
After the Furore, the Rs50 Lakh Insurance Policy for Healthcare Workers is Resumed
Moneylife Digital Team
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After facing a backlash on social media about not doing anything on the expired Rs50 lakh insurance cover for doctors, nurses and other healthcare workers, the Indian government decided to resume the same policy from 20 April 2021. However, there is no word in the notification about what happens to the insurance protection during the period from 24th March, when the policy expired and 20 April 2021, when it is resumed.
In a tweet message, Dr Harsh Vardhan, union minister for health & family welfare says, During the Corona virus pandemic, the Pradhan Mantri Garib Kalyan Package (PMGKP) has provided a safety net to the dependents of Corona Warriors, who lost their lives to COVID19. I am glad to announce that this scheme has now been extended for a period of one year with effect from today.
The Rs50 Lakh Insurance to Healthcare Workers is Over; MoHFW Promises New Scheme moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
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MUMBAI: The family of a 48-year-old head constable who died in an accident after the van he had hitched a ride in turned turtle will get a compensation of around Rs 65 lakh, the Motor Accident Claims Tribunal has ruled. The tribunal said while the constable, Gautam More, was a “gratuitous passenger” and not covered under insurance policy, the van owner will have to pay the sum.
The accident took place in 2013. The tribunal said New India Assurance Co Ltd can disburse the amount to his widow and children and recover it from the van owner, Ravikant Dubey. It added that in the interim, Dubey would have to furnish security for the entire sum. The insurance company had contended that since he was a gratuitous passenger, his family was not entitled to compensation.