Health insurers such as Aditya Birla Health, Religare Health, Max Bupa and online aggregator Policybazaar are actively promoting the idea of buying a Rs 1-crore health cover. “Earlier, high-value covers constituted 4-5 per cent of enquiries, today, the share has gone up to over 50 per cent. There is a realisation that a Rs 1-crore cover can take care of everything – from big COVID-19 claim to advanced cancer treatment,” adds Amit Chhabra, Business Head, Health Insurance, Policybazaar.com. These policies are promoted on television as well as through online modes. As per Policybazaar.com, a 40-year-old couple with two kids will be able to obtain this sum insured by paying Rs 23,000 to Rs 2 lakh a year, depending on the product, features and health insurer. … [Read more...] about Insurance companies are pushing Rs 1-crore health covers. Do you really need them?
Rs 16 crore in pounds
FMCG major Britannia Industries has planned a capital expenditure of around Rs 700 crore over the next two-and-half years for its new facilities and is bullish on the rural demand during the COVID-19 crisis, a company official said on Monday. … [Read more...] about Britannia Industries plans Rs 700 crore capex; bullish on rural demand
Sterlite TechnologiesStandalone Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Net Sales/Income from operations745.161,040.541,344.82Other Operating Income------Total Income From Operations745.161,040.541,344.82EXPENDITUREConsumption of Raw Materials326.34481.43665.72Purchase of Traded Goods0.310.410.12Increase/Decrease in Stocks15.979.1225.17Power & Fuel------Employees Cost116.21124.41121.91Depreciation57.9059.3155.75Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses156.65238.89233.49P/L Before Other Inc. , Int., Excpt. Items & Tax71.78126.97242.66Other Income7.638.669.70P/L Before Int., Excpt. Items & Tax79.41135.63252.36Interest46.3252.2342.94P/L Before Exceptional Items & Tax33.0983.40209.42Exceptional Items------P/L Before Tax33.0983.40209.42Tax9.2312.2871.79P/L After Tax from Ordinary Activities23.8671.12137.63Prior Year Adjustments------Extra Ordinary Items------Net … [Read more...] about Sterlite Techno Standalone June 2020 Net Sales at Rs 745.16 crore, down 44.59% Y-o-Y
Bank of MaharashtraConsolidated Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Interest Earned(a) Int. /Disc. on Adv/Bills1,691.081,577.701,522.19(b) Income on Investment996.87989.061,027.86(c) Int. on balances With RBI162.7686.6252.03(d) Others45.55152.95170.60Other Income368.85392.19427.36EXPENDITUREInterest Expended1,808.101,783.561,775.61Employees Cost486.16480.95430.15Other Expenses260.49338.86327.72Depreciation------Operating Profit before Provisions and contingencies710.36595.15666.56Provisions And Contingencies608.94910.11920.72Exceptional Items------P/L Before Tax101.42-314.96-254.16Tax0.16-372.55-343.27P/L After Tax from Ordinary Activities101.2657.5989.11Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period101.2657.5989.11Minority Interest------Share Of P/L Of Associates3.81-3.81--Net P/L After M.I & Associates105.0753.7889.11Equity Share Capital5,824.115,824.115,824.11Reserves Excluding Revaluation Reserves3,820.553,820.551,756.81Equity … [Read more...] about Bank of Mah Consolidated June 2020 Net Interest Income (NII) at Rs 1,088.16 crore, up 9.14% Y-o-Y
CeatConsolidated Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Net Sales/Income from operations1,120.161,573.411,752.10Other Operating Income------Total Income From Operations1,120.161,573.411,752.10EXPENDITUREConsumption of Raw Materials457.00897.78966.49Purchase of Traded Goods0.510.9915.87Increase/Decrease in Stocks211.76-43.6277.20Power & Fuel------Employees Cost151.25141.77134.37Depreciation78.5474.4964.42Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses197.63376.13391.04P/L Before Other Inc., Int., Excpt. Items & Tax23.47125.87102.71Other Income2.823.5111.95P/L Before Int., Excpt. Items & Tax26.29129.38114.66Interest48.7840.6534.88P/L Before Exceptional Items & Tax-22.4988.7379.78Exceptional Items-21.79-28.18-0.60P/L Before Tax-44.2860.5579.18Tax-5.5611.352.22P/L After Tax from Ordinary Activities-38.7249.2076.96Prior Year Adjustments------Extra Ordinary Items------Net … [Read more...] about Ceat Consolidated June 2020 Net Sales at Rs 1,120.16 crore, down 36.07% Y-o-Y