APN News

  • Wednesday, July, 2022| Today's Market | Current Time: 09:27:08
  • SBI hikes lending rates by 25 bps

    Country’s largest bank SBI on Tuesday  announced a hike in its base rate by 25 basis points, making home and auto loans from the lender dearer. The lender also increased its benchmark lending rate by the same margin which would mean the existing borrowers also have to pay more for their loans. The rate hike […]

    Rising food prices threat to poor: World Bank

    World Bank President Robert Zoellick says the surge in global food prices is the biggest threat to the world’s poor. Zoellick said 44 million people have fallen into poverty in the last year because of rising food prices, noting the world is very close to a “full-blown crisis.” He called for action from rich nations […]

    ‘Accounting cos should be entrusted with audit of Corporates’

    Making a strong plea to entrust the audit of Indian corporate with Indian Accounting firms, the Indian Institute of Chartered Accountants ofIndia (ICAI) President G Ramaswamy, said this would help prevent massive frauds. It is time to entrust the audit of Indian corporates with the Indian Accountants firms, Ramaswamy said on Monday. This would prevent […]

    IPO guidelines for life insurers to be out this month

    Insurance sector regulator IRDA has said guidelines to allow life insurance companies to raise funds from the capital market will be out by the end of this month.   “They (Life insurers companies) will be completing 10 years (in business) later this year. Our IPO guidelines must be in place before that… by the end of […]

    A.M. Best: New Developments in the Indian Insurance Market Supported by Special Report on the Indian Insurance Sector

    United Kingdom: With Berkshire Hathaway unveiling a distribution agreement with Bajaj Allianz and Japan’s Nippon Life Insurance Company buying a stake in India’s Reliance Life Insurance in the past fortnight, the spotlight has again been turned on the Indian (re)insurance market’s opportunities and challenges. The full potential for growth in India’s non-life and life insurance […]

    $10-m WB loan for India service system

    The World Bank has approved $150 million loan for India to accelerate implementation of its National e-Governance Plan (NeGP), which is aimed at transforming the service delivery system across the country. This loan will initiate policy and institutional actions that will impact all the services. In a statement, the bank said it would support NeGP […]

    Ratnakar Bank Hits a Century

    Mumbai : Ratnakar Bank today announced the launch of their 99th and 100th branch, barely a month post the opening of its Mumbai main office and 10 new branches, standing committed to their strategy of rapid expansion. Their two new branches will be located at Omerga and Kurundwad respectively, both situated in Maharashtra. Ratnakar Bank, […]

    Canara HSBC Oriental Bank of Commerce Life Insurance Appoints John Holden as Chief Executive Officer

    New Delhi: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, announced the appointment of Mr John Holden as the Chief Executive Officer. He succeeds Mr Harpal Karlcut […]

    IDFC in S&P ESG India Index

    Mumbai : IDFC has entered the list of top 50 Indian companies in the S&P ESG India Index. The S&P ESG India Index comprises of 50 of the best performing stocks in the Indian market as measured by environmental, social and governance (ESG) parameters. Sponsored by the International Finance Corporation (IFC) and developed by a […]

    IDBI Federal Targets HNIs with Wealthsurance Premier

    Mumbai: Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited announced the launch of their wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan. The brand new product aims to be one of the best in the category as it is a hassle free, single premium ULIP, with a wide […]