Financial Express - India's leading business newspaper from the Indian Express Group

Umbrella insurance act on anvil

The Government is keen on merging all existing insurance acts including Insurance Act of 1938 and the General Insurance Business Act of 1972, the Life Insurance Act 1956 to form one umbrella act to regulate life, non-life and reinsurance business in the country.

Jalan favours flexible interest rates

Continuing from where he left off in Mumbai on Thursday, RBI governor Bimal Jalan on Friday stressed on the need for a more flexible interest rate structure apart from the development of a robust debt market in private sector bonds.

Satyam Infoway files for second ADR float to raise $130m

Satyam Infoway has filed prospectus for its second ADR float of $130 million with the Securities and Exchange Commission of the US. The second float is likely to be priced close to the market price of its ADRs

Centre weighs strategy to tax farm income

As a first step towards introduction of taxation on agricultural income in the country, the Government is likely to bring in uniform application of permanent account number and one-by-six scheme across all sectors in the Budget.

Bitter battle ends -- Mannesmann, Vodafone set takeover at $181 bn

After a bitter three-month battle, Germany's Mannesmann AG surrendered to Britain's Vodafone AirTouch PLC in a friendly $180.95 billion merger, the biggest deal ever and one likely to reshape the global-telecommunications landscape.