Life insurance companies have been given a two-month extension to withdraw products and riders that are not in tandem with the new product regulations. This is a good news for policyholders as they would have no sudden dearth of products to choose from, while for insurers this means that they have more time to get products out of the market.The Insurance Regulatory and Development Authority of India (IRDAI) had earlier asked insurers to withdraw products by November 30. But this deadline has now been extended to January 31, 2020.IRDAI said that they had received representations from Life Insurance Council and various other life insurers, requesting for an extension of the timeline. Insurers had sought an extension citing reasons like the need to ensure system preparedness and necessary training of personnel.Close However, the deadline to refile or modify existing products, which was fixed at February 29, 2020, will continue. This applies to products under the linked and non-liked … [Read more...] about Life insurers get extension till January 2020 to withdraw old products
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The US-China trade war, sluggish global economy and a prolonged subdued demand took the sheen of steel in recent times but brokerages and experts are now seeing a glint of revival in the sector.In a report on December 6, Edelweiss Securities said that the US-China trade war had not curbed steel trade in Asia. Besides, China’s production rate had likely peaked and the construction demand in the first half of the calendar year 2020 could even surpass the estimates.Also, low raw material prices are helping maintain the margins in China. All these factors augur well for steel manufacturers, as a stable market balance in China is critical for them.Close "Apprehensions of China upsetting the steel applecart are overdone due to limited capacity increase (38mt) through to calendar year 2023 and steady growth in construction and infrastructure segments, which is 52 percent of demand," said Edelweiss Securities. related news 'Investors with long-term horizon can look at … [Read more...] about Signs of recovery and hope; are steel manufacturers finally ready to shine?
Share prices of insurance companies rallied 2-8 percent in the morning trade on December 10 after a media report said that the government may raise the foreign direct investment (FDI) limit in the sector.HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent."The government may raise the overseas investment limit in insurance to 74 percent in the February budget, up from 49 percent now, possibly paving the way for foreign control of companies," The Economic Times quoted people with knowledge of the matter as saying.Close The Insurance Regulatory and Development Authority of India (IRDAI) sought the views of stakeholders in a December 2 letter on the direction of the government. The letter, to insurance companies and others, has called for suggestions on raising the FDI … [Read more...] about Insurance stocks gain 2-8% on report of likely increase in FDI limit
Hyundai Motor India on Tuesday said it will increase prices of its entire product range from next month to primarily offset impact of rising input costs."The extent of price increase may vary for different models and fuel types," Hyundai Motor India Ltd (HMIL) said in a statement.The company, however, did not share details of model wise price change.Close The increase has been necessitated on account of rise in input and material costs, it added.The company is working out on details and would share the details of the model wise price hike later this month.Maruti Suzuki and Tata Motors have already announced to hike prices from January.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th … [Read more...] about Hyundai to increase vehicle prices from January
Nokia recently launched its first smart TV in India in association with Indian online retailer Flipkart. The HMD Global brand joins other smartphone OEMs like Xiaomi, OnePlus, and Motorola to expand its product portfolio to smart TVs.The 55-inch 4K Nokia Smart TV launched at Rs 41,999 and will be available starting December 10 at 12.00 pm. While Nokia has only revealed details about the 55-inch model, the firm will expand its 4K TV lineup in the coming months. Flipkart is also offering a No Cost EMI payment option and a flat Rs 2000 instant discount on prepaid transactions during the first flash sale. Additionally, the online retailer is providing complete TV protection at a launch price of Rs 999.The 55-inch Nokia TV utilises a 4K ADS panel, a variant of the IPS technology with similar features. The panel outputs 4K UHD resolution with a 60Hz refresh rate. Nokia’s smart TV boasts a 1200:1 contrast ratio, 178-degree viewing angles and a peak brightness of 400 nits. The television … [Read more...] about Nokia 55-inch 4K Smart TV launched in India – here’s what it costs