EPS Update: The demand for implementing the enhanced pension under EPS-95 immediately is growing as the matter was raised in the Lok Sabha by a member of parliament on Monday. N K Premachandran, a member of the Revolutionary Socialist Party, demanded that the government should immediately implement the enhanced pension scheme as approved by the
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around Rs 17,500 crore in gross written premiums (GWP), aims to double its business in the next three years. In a conversation with Narayanan V, MD & CEO Kamlesh Rao outlines the company’s growth strategy, distribution mix, and the impact of recent regulatory changes. Also
The Employees’ Provident Fund Organisation (EPFO) may introduce a “self-approval” mechanism for subscribers to withdraw provident fund (PF) monies from their accumulated corpus under an automated process by early next fiscal year, according to official sources. If this results in any liquidity crunch for the EPFO, it may avail cash-credit from commercial banks to meet
Bajaj Allianz General Insurance has launched two innovative motor insurance add-on covers: Eco Assure – Repair Protection, and Named Driver Cover. According to the company, these offerings are first-of-their-kind in the insurance industry, designed to enhance customer convenience, promote sustainability, and provide comprehensive and personalized coverage. Eco Assure-Repair Protection is the industry’s first initiative designed
Weeks after the Reserve Bank advising banks to take required measures immediately to lower the number of inoperative accounts, Punjab National Bank (PNB) has launched a nationwide campaign to reactivate dormant accounts, including Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. Dormant or inoperative account refers to an account in which no customer induced transaction has
India’s housing market is poised for a remarkable transformation by 2025, driven by rapid urbanization, technological innovations, and changing consumer preferences. With its critical role in the economy, the housing sector is expected to contribute 13% to the national GDP by 2025, reflecting its resilience and potential. Projected to grow into a $1-trillion market by
Systematic Investment Plans (SIPs) in mutual funds are growing in popularity, with record-breaking participation from retail investors. According to the latest data, the number of SIP accounts surged to an all-time high of 10.22 crore in November 2024, up from 10.12 crore in October. The SIP AUM (Assets Under Management) also reached an impressive Rs
By Gautami Gavankar “We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” Warren Buffett’s fundamental rule for investing in known or emerging avenues resonates strongly with the next generation (next-gen) of Ultra High Net Worth Individuals (UHNIs) in India. These young titans of wealth are not
The fourth quarter of the current fiscal year is expected to see a record Rs 60,000 crore launches of projects by top listed developers. This is a substantial increase from the Rs 24,000 crore worth launches in the corresponding period of the previous year. A recent report by Kotak Institutional Equities attributed the sharp increase
The Competition Commission of India (CCI) has dismissed an antitrust case against Microsoft for bundling the Windows 10 operating system (OS) with its pre-installed antivirus software. The regulator ruled that the there is no indication that Microsoft has placed any restrictions or mandatory conditions on users regarding the use of Microsoft Defender, the anti-virus software.
Aadit Palicha, co-founder and CEO of Zepto, on Tuesday termed as “inaccurate”, the statement made by Zomato founder and CEO Deepinder Goyal that more than half of the quarterly cash burn in the quick commerce industry comes from the Bengaluru-based firm alone. Palicha was referring to a statement made by Goyal in an interview to
Shares of fast-moving consumer goods (FMCG) companies, part of the BSE FMCG Index, fell to a nearly two-year low, as demand and inflation concerns weigh on the sector. Data from the stock exchange showed that the FMCG Index closed at 18,317.32 on Tuesday, the lowest since June 12, 2023, when it was at 18,180.22. The
Stocks tumbled in morning trading on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day. The tariffs between the U.S., China, Canada, and Mexico has helped to extend a recent slump for U.S. stocks that was
