The dairy company’s IPO size aggregates up to Rs 1,553 crore and comprises a fresh issue of equity shares aggregating up to Rs 1,428 crore and an offer-for-sale aggregating up to Rs 125 crore
The Supreme Court refused to allow a property sale to proceed after finding that the buyers had failed to prove continuous financial readiness and willingness to perform a 2004 agreement
PFRDA has extended the NPS contribution investment cut-off time to 1:30 PM for Trustee banks. This two-and-a-half-hour extension paves the way to get more recent market valuations for the same-day NAV
The government has taken various technological measures to streamline the CPGRAMS grievance redressal over the last few years. While the complaints have increased over the years due to the online mode to lodge a complaint, the time period has reduced, too
After the RBI’s MPC announces its monetary policy decision, economists scrutinise the policy stance maintained by the bank. The stance is typically explained in specific terminology to indicate the bank’s intentions regarding changing the interest rates
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Ahead of the share allotment, MV Electrosystems shares were trading with a grey market premium (GMP) hovering around Rs 100 per share, according to websites which monitor the demand for unlisted shares
Calculate & Plan your future with ICICI Prudential Life's retirement calculator
AIF lock-in periods are designed to give fund managers time to build value and exit investments strategically. Here's how hard and soft lock-ins work, why they matter, and what investors should check before investing.
The Supreme Court refused to allow a property sale to proceed after finding that the buyers had failed to prove continuous financial readiness and willingness to perform a 2004 agreement
Income-tax refunds generally arrive within three to six weeks after e-verification, but mismatches, bank validation failures, and additional checks can extend the overall waiting period
India is in the midst of a major flux, and faces challenges at two opposite ends of the generation spectrum. The first is shrinking job opportunities for the youth and the second is the estimated boom in senior citizen population
Health insurance is the first defence against medical expenses in old age. Though high premiums and exclusions are a challenge for seniors, opting for certain combinations and making small adjustments can sweeten the deal. But never trade off comprehensive coverage for lower premiums
In India, most senior citizens are dependent on their family or other for maintenance as the large part of the population does not access any form of pension (see High Dependency Among Seniors). At the same time, many of them suffer from chronic diseases, whose treatment can be costly and unaffordable for the dependent segment (see Threat Of Chronic Diseases). Lack of health insurance and non-hospitalisation expenses (which are, typically not covered by standard health policies) are resulting in high out-of-pocket expenditure and contributing to high indebtedness (see Lack Of Cover Leads To Indebtedness).
The Ayushman Bharat Yojana provides a cover of Rs 5 lakh to those above 70 years, irrespective of their health condition and socio-economic background, but that solves only part of the affordability problem
Vibha Padalkar, MD and CEO of HDFC Life Insurance, talks about why insurance penetration is still low in India, why seniors end up buying the wrong insurance product, the innovations we can expect in the future and how frequent regulatory changes can deter the flow of foreign money in the industry. Edited excerpts from an interview with Nidhi Sinha, Editor, Outlook Money
The government has taken various technological measures to streamline the CPGRAMS grievance redressal over the last few years. While the complaints have increased over the years due to the online mode to lodge a complaint, the time period has reduced, too
