IRDA slaps fine of Rs 10 lakh on Tata AIA Life Insurance
Insurance regulator IRDA today imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for excess payment to corporate agents. Besides, the regulator has also levied a fine of Rs 5 lakh on IndiaFirst Life Insurance for providing non-financial incentives to staff of corporate agent. Besides, the... read more »
Dip in borrowing cost, affordable housing to boost house purchases in 2015
Declining borrowing costs, improving employment outlook and availability of affordable housing projects are encouraging prospective home buyers to purchase new properties in 2015, a survey has said. According to a report by ZyFin Research titled ‘New Home Purchase Sentiment Index’, the... read more »
Asian Paints not going to Andhra Pradesh
Karnataka Chief Minister Siddaramaiah on Wednesday dismissed reports that Asian PaintsBSE 0.49 % was planning to take its proposed investment to Visakhapatnam in Andhra Pradesh at the invitation of N Chandrababu Naidu. “Asian Paints is not going anywhere,” the CM said in reply to a... read more »
Mercedes Benz records 41% growth in first half of 2015, eyes number 1 posit...
Stuttgart based luxury car maker, Mercedes Benz continues its dream run in India. The German car maker posted its highest ever quarter two (April to June) sales in 2015, posting a growth of 43 per cent to 3093 units, which led to a half yearly growth of 41 per cent in the first half of 2015 to 6659... read more »
