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LIC’s Flop Show Continues As Shares Slump To All-time Low Mark. Share price of Life Insurance Corporation of India (LIC) hits all time low at Rs 777.40 a piece on the BSE at the closing with a loss of 2.86%. The total market capitalization has also fallen below Rs 5 lakh crore with today’s fall. … Read more
Elon Musk warns of dropping Twitter deal if data not provided. He may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, Musk said in a letter to the company on Monday. According to the letter, Twitter was in … Read more
Anand Rathi has given a buying advise to the stock of NCL Industries that can give you a potential gain of 47% if the current market price around Rs 164 85 is taken into consideration. The stock has a strong potential to reach its target price of 242 apiece, according to the brokerage report. NCL … Read more
If it is subject to to retirement saving, senior citizens should always choose risk free fixed income investments for senior citizens, which provide a constant source of income while posing no risk or less risk than stocks and mutual funds.In FY 2021-22, India’s annual inflation rate soared to 7.79 percent. As a consequence, for older … Read more
EPF account contributions are done by the employee as well as the employer. The employer deposits the amount into the EPF account of employees directly on a monthly basis. EPF Interest Rate Cut: 2021-2022 The Employees’ Provident Fund Organisation (EPFO) has cut the interest rate on EPF of 8.1 per cent for the financial year … Read more
UPI transactions cross Rs 10-trillion mark in May 2022, Unified Payments Interface (UPI), National Payments Corporation of India Unified Payments Interface (UPI) transactions are continued to grow in May 2022 with the platform processing transactions of Rs 10 trillion during the month. In terms of volume, transactions were at 5.95 billion during the month, according … Read more
IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution. Use-and-file mechanism will mean more flexibility for insurers in designing products and shorter timelines for introducing innovative plans. Very soon, health and general insurance companies in India will be able to launch their products without waiting for prior approval from the Insurance Regulatory … Read more
HDFC hikes lending rate by 5 bps,“HDFC again increases its Retail Prime Lending Rate (RPLR) on housing loans and it’s Adjustable Rate Home Loans (ARHL) are benchmarked on this, by 5 basis points, with effect from 1st June-2022” the housing finance company said in a statement. This is the third time hike affected by HDFC … Read more
UIDAI cautions citizens not to share Aadhaar photocopy with any organisation, What should you not to do with your Aadhaar number, What not to do with your Aadhaar number, UIDAI warns citizens against sharing Aadhaar photocopies to counter misuse, Do not share Aadhaar copies indiscriminately, use masked Aadhaar or virtual ID for opening bank accounts, … Read more
Tips to ensure a hassle-free claim settlement, claim settlement, insurance claim, tips for insurance claim settlement, insurance claim settlement process, Knowing the key do’s and don’ts of the claim settlement process can ensure people that their claim is settled on time and in a hassle-free manner. No insurance policy can serve its real purpose without … Read more