In recent discussions between the Department of Financial Services and insurance players, it was brought up that insurance penetration needs rapid scaling up to achieve “insurance for all”.
Hectic buying in index majors Reliance Industries, ITC and HDFC twins also added to the momentum, traders said.
The inaugural edition of namaste.ai features a cover story on JRD Tata as a tribute to the ‘Father of Indian Aviation’.
The submission was made by senior advocate Ramji Srinivasan appearing for the RP before a division bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula.
Nifty PSU Bank slipped 0.73 per cent, led by a 3.22 per cent drop in Bank of Baroda shares, after the Reserve Bank of India (RBI) banned the lender from onboarding new customers via its mobile app.
Retreating crude oil prices also supported the Indian currency even as outflow of foreign funds capped a sharp gain, forex traders said.
The Reserve Bank of India raised its inflation projection for FY24 from 5.1 per cent to 5.4 per cent, while retaining its GDP projection at 6.5 per cent.
Finance secretary T V Somanathan said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity.
The associations – ASSOCHAM, CII and FICCI – will also set rules for implementation of disclosure norms and structured digital database requirements, SEBI said in a release.
The fresh case against Goyal is based on a May 3 case filed by the Central Bureau of Investigation (CBI) in its Delhi office in connection with defrauding Canara Bank to the tune of Rs 538 crore.