IT firms brace for soft Q3, mid-caps to beat larger cos
BENGALURU: Indian IT firms are expected to deliver a moderate performance in a seasonally weak Dec quarter, weighed down by furloughs (lesser number of working days in Dec). Demand remained subdued, with only limited recovery in discretionary spending, and growth was largely driven by clients’ cost-optimisation priorities. Brokerages estimate that enterprise technology spending is likely…
Mediclaim cashless approval in an hour; claim settlement in 3 hours
The Centre is planning to make it mandatory for health insurance companies to approve cashless authorization requests within an hour, and final claim settlement requests within three hours, according to two people close to the development. Alongside, a professional agency may be hired to design standardized insurance claim and application forms that are easy to…
GST exemption hurting insurance brokers! Private insurance companies reduce commissions – to offset loss of input tax credit
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
