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12 March, 2015 5:17 PM Insurers eye billions of dollars as Parl clears Bill

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent. Welcoming the hike from 26 percent to 49 percent, the companies said their foreign partners were keen on a larger 15

12 March, 2015 4:37 PM 'Insurance Bill a historic moment for govt’s growth agenda'

Throwing more light on the passage of the Insurance (Amendment) Bill in the Rajya Sabha, Jayant Sinha, Minister of State for Finance said it was historic moment for the government’s growth agenda. He also assured that the bill ensures insurance premiums will not leave the country. "Citizens in this country should be very reassured that their premiums 22

12 March, 2015 4:14 PM Hike in foreign ownership good for insurance sector, Co: Max's Analjit Singh

Analjit Singh, Chairman, Max Healthcare, Chairman, Max Bupa Health Insurance Co while congratulating the government for passage of the Insurance (Amendment) Bill in Rajya Sabha said the company is now in a sweet spot since they have no obligation to their investors and would now have an additional 23 percent to play with. With the passage of the bill foreign 19

12 March, 2015 7:30 AM Sensex snaps three days of falls; insurers, ITC gain

MUMBAI (Reuters) - The BSE Sensex rose on Thursday as hopes parliament would pass a bill raising foreign investment limits in the insurance sector raised optimism that other stalled reforms would also be passed and support a recovery in the economy.Sentiment was also boosted after the International Monetary Fund said India's economy was recovering and its ability 27

12 March, 2015 6:30 AM Sensex strong, rupee strengthens; Rel Cap, Max India rally

According to him, the rise in CPI data is likely to be on account of rising food inflation. He expects food prices to rise 6.5 percent year-on-year but stay flat month-on-month. To add to macro woes, he expects CPI to stay above 5 percent for March as well. CPI is likely to trend below 5 percent from April till September. According to him, the rise in CPI data is likely 27

11 March, 2015 10:37 AM Alonso still F1's most marketable driver

LONDON (Reuters) - Fernando Alonso will be missing from Sunday's Australian season-opener but the Spaniard remains Formula One's most marketable driver, according to a survey released on Wednesday.Germany-based analysts Repucom said the double world champion, who left Ferrari for McLaren at the end of last year, had retained top position in their ranking 30

10 March, 2015 6:42 PM Democratise car safety, Global NCAP tells vehicle makers

Global NCAP (GNCAP), a U.K.-based NGO that is pioneering vehicle safety initiatives, has called on global vehicle manufacturers to democratise safety for all cars worldwide by 2020. Millions of cars sold in emerging markets fail to meet the basic safety standards of UN, it says. Crash test standards introduced 20 years ago for cars sold in Europe are yet to be met by many new cars being 33

10 March, 2015 6:24 PM A campaign to keep the IPL spirit alive

It has been a busy calendar so far for the cricket fan, especially with the ICC World Cup taking more than a month to culminate in its much-awaited finals. Three campaign teasers have already created a buzz with their launch on social media platforms. This was followed by the full-fledged campaign film’s launch on television on Tuesday night 40

9 March, 2015 8:12 PM India will look to seal the top spot in Pool B

India will find Hamilton a relief. The harsh, sunburnt vastness of the WACA has given way to the mild, pastoral settings of Seddon Park. Grass banks rise up around three-quarters of the ground, itself surrounded by a ring of trees. A white hospitality tent stands behind a hedgerow in a corner, where its chairs and tables spill out onto the grass: this is part village-green 46

8 March, 2015 4:18 AM Mueller sparkles as Bayern go 11 points clear

BERLIN (Reuters) - Thomas Mueller scored twice as Bundesliga leaders Bayern Munich came from a goal down to beat Hanover 3-1 on Saturday and stretch their advantage at the top to 11 points after VfL Wolfsburg slumped to a 1-0 loss at Augsburg.Bayern, who host Shakhtar Donetsk in their Champions League last-16 second leg next week, lacked their usual 16