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Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life insurers set to report strong quarter

Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.

17 July 2019 7:05 AM IST

Cotton yarn mills are cutting down production due to lower demand from both domestic and export markets.

Cotton yarn mills cut output as orders dry up

Almost 60 per cent yarn mills, which are largely small and medium units, have cut their production.

17 July 2019 7:01 AM IST

The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Taxmen detect Rs 37,946 crore fraud in FY19

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

16 July 2019 4:34 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks bad loans down at Rs 9.34 lakh crore at FY19-end: Sitharaman

Govt has instituted a comprehensive 4R's strategy for recognition of non-performing assets (NPAs) transparently.

16 July 2019 4:08 PM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Govt denies possibility of reintroduction of Old Pension Scheme

In 2004, government introduced National Pension Scheme (NPS) and made mandatory for all Central government employees.

16 July 2019 1:02 PM IST

Indias sugar output in the last marketing year (October-September 2018) was also a record of the sort at 32.5 million tonne.

India to keep sugar export subsidies even as rivals complain-sources

India's exports surged to 3.3 million tonnes from 620,000 tonnes a year earlier.

16 July 2019 11:22 AM IST

In December, at the CASP13 meeting in Riviera Maya, Mexico, DeepMind beat seasoned biologists at predicting the shapes of proteins, the basic building blocks of disease.

AI players could give Big Pharma a run for money

DeepMind's simulation doesn't yet produce the kind of atomic-level resolution that is important for drug discovery.

16 July 2019 1:54 AM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Steel consumers resent safeguard duty

Steel imports have considerably decreased in the last three years.

16 July 2019 1:46 AM IST

Finance Minsitry would soon be issuing new guidelines on appointing the heads.

Government mulls splitting top tier of general insurers

To a question if their tenure will also be similar to those of the banks, the source said, the government is working on...

16 July 2019 1:34 AM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

If you fail to file ITR by due date, you will be penalised, even get...

In case, you fail to file your ITR, the income tax department may send you a notice and you could be jailed.

15 July 2019 2:11 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI to come out with mobile app for currency notes identification

RBI has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with...

15 July 2019 9:43 AM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Crude oil demand growth to remain stable

Going forward OPEC expects global demand for its crude oil to decline next year as their rivals continue to pump more...

15 July 2019 8:03 AM IST