A near five-fold increase in claims since the current phase of Rajasthan’s Bhamashah insurance scheme amid allegations of large-scale fraud by hospitals, has resulted in PSU insurance firm The New India Assurance (NIA) Comp
As floodwaters have started to recede in parts of Kerala, insurance companies expect claims from the affected people to cross Rs 1,000 crore. On Monday, the Centre declared the deluge as a ‘calamity of severe nature’. So
State Bank of India has fired a fresh salvo in the battle of control over UTI even as the government and UTI’s largest investor, US investment firm T Rowe Price (TRP), are trying to hammer out a peace settlement.
While the government and T.Rowe Price (TRP) negotiate a possible truce after the US investment firm went to court, UTI’s managing director has made it clear he plans to leave when his term is over on Monday.
The simmering battle at the country’s sixth largest mutual fund, UTI, has erupted into a full-scale war, and the mutual fund’s proposed initial public offering (IPO) could be the first casualty with its managing director
The one risk which we are getting conscious about is the impact on corporate credit quality in a rising interest rate environment, says Amandeep Chopra, group president and head-Fixed Income, UTI Asset Management Company (AMC