Money

Business and Finance

GDP growth, regulatory reforms to boost insurance sector in India: Moody’s

Moody’s said that robust GDP expansion, along with low insurance penetration, should support double digit growth for the non-life sector over next 3-4 years.

SEBI issues notice to Raymond for market rule violations

SEBI has alleged that Raymond failed to obtain necessary approvals for related-party transactions involving the lease of a city property.

Budget 2019: National Real Estate Dev Council seeks rationalisation of GST rates

Naredco has also urged the government to solve the liquidity crisis in the real estate sector at the earliest.

Farm loan waivers don’t solve the problem, cash transfers better: IMF’s Gita Gopinath

In an interview to CNBC-TV18 in Davos, Gita Gopinath said the two big challenges for the Indian economy would be agricultural reforms and job creation.

Etihad proposes hike in stake to bail out Jet Airways

With the SEBI formula for preferential allotment seen as unrealistic and unworkable, Etihad has proposed a rights issue worth US $500 million.

ClearTax launches AI-based platform to help users save tax on their investments

ClearTax has developed an algorithm, which will tell users exactly how much and where they should invest to save tax.

Govt urges bankers to approach higher authorities in insolvency cases

This came after the government held a meeting on Monday to review the progress in the 12 biggest default cases.

SEBI refuses L&T’s share buyback offer, says not in compliance with its rules

L&T had proposed to buy back up to 6.1 crore shares from shareholders at a price of Rs 1,475 per share, aggregating to Rs 9,000 crore.

Indian billionaires' wealth grew daily by Rs 2,200 crore last year: Oxfam

According to Oxfam, top 10 per cent of India's population holds 77.4 per cent of the total national wealth.

Mehul Choksi surrenders Indian citizenship, opts for Antigua & Barbuda

Mehul Choksi, along with his 47-year-old nephew Nirav Modi, are among the prime accused in the Rs 13,500 crore Punjab National Bank fraud.