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Aswathy Varughese

  • Invest for biggest bang for buck, govt tells LIC

    In view of its exponentially growing pool of resources running into lakhs of crores of rupees, Life Insurance Corporation (LIC), the country’s largest life insurer with an 83% market share, must develop in-house capacity for proper assessment of investment opportunities, said top finance ministry...

    Sunday, 26 May 2013 - 6:26am
  • Sebi seeks more teeth to deal with Ponzi schemes

    India’s market regulator, the Securities and Exchange Board of India (Sebi), which completed 25 years on Friday, faces the challenge of attracting household savings from sceptical small investors into equities. “Win confidence of small investors. It is when a small investor says my money is safe...

    Saturday, 25 May 2013 - 10:23am
  • Private insurers get to go overseas

    The Insurance Regulatory Development Authority (Irda) has allowed domestic insurers to open full-fledged branches overseas. Till now, only Life Insurance Corporation and state-owned non-life insurers were allowed to open legal entities or representative offices overseas.  The step would give...

    Friday, 24 May 2013 - 9:42am
  • Shares plunge worldwide on liquidity panic

    Global shares were routed after the biggest drop in Japanese shares since the Fukushima nuclear disaster in March 2011 amid fears that quantitative easing (a euphemism for printing money) by central banks will end, even as Chinese manufacturing unexpectedly shrank. Japan’s Nikkei slumped 7.32%...

    Friday, 24 May 2013 - 8:51am
  • Rel Life has zero tolerance towards money laundering

    The recent expose by Cobrapost has put the spotlight back on the regulatory framework dealing with money laundering. Despite the talk of loose ends and breach of trust, Anup Rao, CEO, Reliance Life, is pretty clear that India has some of the best regulations in place. The question is one of...

    Thursday, 23 May 2013 - 6:48am
  • Sebi makes algo trading tougher

    Brokers, traders need to audit their systems every six months; penalties higher now.

    Wednesday, 22 May 2013 - 10:07am
  • Shareholding rule deadline seen slowing rally

    The spectacular 10% upswing in the stock market over the last five weeks, mainly driven by heavy inflows from foreign institutional investors, may well slow as companies will soon be scrambling to sell shares in the market or issue new ones to fulfil market regulator Sebi’s mandatory minimum...

    Wednesday, 22 May 2013 - 9:50am
  • ECGC ups cover for exporters, bankers

    Exporters having exposure to crisis-ridden Spain, Portugal, Greece and other European countries will get additional risk coverage.

    Tuesday, 21 May 2013 - 5:00am
  • StanChart to buy Morgan Stanley's India wealth unit

    StanChart is expected to pay an $8 million advance upfront. The rest of the undisclosed deal sum will be paid later.

    Tuesday, 21 May 2013 - 5:00am
  • Private non-life insurers outdo public peers

    For the first time since de-tarrifing kicked in in 2008, public sector general insurers have been outflanked by their private sector rivals. The market share in terms of gross premium underwritten for public non-life insurers declined by almost 5% to 58.3%, while private ones gained around 41.7...

    Monday, 20 May 2013 - 9:28am