‘There is more expansion in the industry happening in retail lines, so we will continue to focus on those lines.’
Posts tagged Rediff
Banks record a higher deposit growth rate in Q2 FY25 (05-10-2024)
Banks recorded a higher growth year-on-year (Y-o-Y) in raising deposits during the second quarter of financial year 2025 (Q2FY25) compared to Q1FY25, owing to intensified efforts to raise liabilities by offering higher rates and innovative schemes.
Market Rout Shaves Rs 16 Trn From MCap (05-10-2024)
On a five-day rolling basis, FPI selling is the highest in 24 years.
‘Living Standards For Indians Will Rise Steeply’ (05-10-2024)
‘It took us 75 years to reach a per capita income of $2,730.’ ‘According to IMF projections, it will take only five years to add another $2,000.’
How LIC plans to enter the health insurance segment (04-10-2024)
State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. “LIC doesn’t need a composite licence. “Even if it is introduced, they will not opt for it.
LML owner sues Bajaj Auto over ‘Freedom’ trademark (04-10-2024)
SG Corporate Mobility – the parent company of the Indian two-wheeler brand LML – has taken auto major Bajaj Auto to high court, claiming that it was illegally using its ‘Freedom’ trademark in newly-launched Bajaj Freedom CNG motorbikes, the company said in a statement on Thursday. SG Corporate Mobility claims that the term ‘Freedom’ has a deep-rooted association dating back to 2002 when the company had introduced its ‘LML Freedom’ motorcycle. The trademark ‘Freedom,’ along with the ‘LML’ brand, was officially assigned to SG Corporate Mobility in 2021 after being transferred by LML.
Escalation in US-China trade war may help India (04-10-2024)
The escalation in the US-China trade war is expected to help India increase its exports and attract investments from American companies, think tank GTRI said on Friday. He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed.
Forex kitty jumps at record high of $704.88 bn (04-10-2024)
India’s forex reserves jumped by $12.59 billion to a new all-time high of $704.88 billion for the week ended September 27, the Reserve Bank said on Friday. The overall kitty had swelled by $2.84 billion to $692.3 billion in the previous reporting week. The $12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the $700 billion mark.
India’s services sector activity slips to 10-month low (04-10-2024)
India’s services sector activity fell to a 10-month low in September as new businesses, international sales and output growth moderated, a monthly survey said on Friday. The seasonally adjusted HSBC India Services Business Activity Index fell from 60.9 in August to 57.7 in September, indicating that though the output registered an increase, the pace of growth was the slowest since November 2023. In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
India’s services sector activity slips to 10-month low (04-10-2024)
India’s services sector activity fell to a 10-month low in September as new businesses, international sales and output growth moderated, a monthly survey said on Friday. The seasonally adjusted HSBC India Services Business Activity Index fell from 60.9 in August to 57.7 in September, indicating that though the output registered an increase, the pace of growth was the slowest since November 2023. In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.