Wednesday, September 29, 2010

Micro insurance is now macro business

Micro insurance is now macro business

Micro insurance is now macro business

Posted: 29 Sep 2010 01:11 PM PDT

Fifty two-year-old Madanpal is a milk procurement supervisor at Ludhiana Milk Union. He maintains checks and balances at the local collection centre and settles accounts. But he also doubles as a part-time insurance agent, educating colleagues on the benefits of having a life cover.

US Senate blocks fresh anti-outsourcing bill

Posted: 29 Sep 2010 01:20 PM PDT

In a relief to the Indian IT industry, the Republicans in the US Senate blocked an anti-outsourcing bill that would have deterred American companies from shifting jobs to competitive locations overseas.

Etisalat in talks with RCOM

Posted: 29 Sep 2010 12:48 PM PDT

Emirates Telecommunications Corp, the United Arab Emirates' biggest phone company, is in talks for mergers and acquisitions with India's Reliance Communications Ltd to expand in the world's second-largest wireless market.

Mahindra staff under pink threat

Posted: 29 Sep 2010 12:39 PM PDT

The announcement of Mahindra Satyam's results on Wednesday, brought with it fresh pink slip concerns for employees of the IT firm.

Satyam reports Rs 125cr loss for '09-10

Posted: 29 Sep 2010 05:51 AM PDT

Mahindra Satyam (formerly Satyam Computer) on Wednesday reported a consolidated loss of Rs 124.60 crore for the year ended March 2010.

Sensex closes below 20K level

Posted: 29 Sep 2010 04:27 AM PDT

The Bombay Stock Exchange benchmark Sensex today fell by 148 points to close below psychological 20,000 level as investors locked in profits judging the 12 per cent rally in last four weeks an overdone.

Silver shines at new high of Rs 33,750 per kg

Posted: 29 Sep 2010 03:40 AM PDT

Silver on Wednesday zoomed by Rs 800 to hit an all-time high of Rs 33,750 per kg while gold jumped by Rs 140 in the national capital on frantic buying by stockists, triggered by an overseas rally.

SBI extends teaser home loan scheme by 3 months

Posted: 29 Sep 2010 05:32 AM PDT

Country's largest lender State Bank of India today said it will extend its 8 per cent concessional home loan scheme, popularly called teaser rates, by another 3 months till December.

Mercedes-Benz to launch buses in H2 of FY'11

Posted: 29 Sep 2010 03:27 AM PDT

Mercedes-Benz India on Wednesday said it would launch buses, manufactured from its Chakan facility at Pune by the second half of 2011.

IMF boss sees low risk of 'currency war'

Posted: 28 Sep 2010 10:52 PM PDT

The risk of a global currency war is "low" but cannot be ruled out, IMF managing director Dominique Strauss-Kahn said on Tuesday.

Rupee up 30 paise to 44.85 on dollar sale

Posted: 28 Sep 2010 11:16 PM PDT

The Indian rupee on Wednesday rose by 30 paise to 44.85 against the US dollar in the early trade as exporters sold the American currency guided by weak global cues.

Tata Steel in pact to raise 3.5 bn

Posted: 29 Sep 2010 01:23 PM PDT

Tata Steel on Wednesday said it has entered into an agreement with a consortium of 13 banks, led by Standard Chartered and State Bank of India, for raising 3.53 billion (Rs 25,000 crore) to refinance the loan it took to partly fund the Corus acquisition.

Boeing wins 12 billion dollar Pentagon contract

Posted: 29 Sep 2010 03:49 PM PDT

The Pentagon on Wednesday awarded Boeing a 12-billion-dollar contract to help modernize B-52 weapons systems over eight years.
Posted by Harshad at 9:26 PM

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