Composite licensing, fair play for PSU insurers
The Insurance (Amendment) Bill, 2024, if passed, will allow state-owned insurers to obtain composite licences to sell both life and non-life products, avoiding amendments to the Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972. The public sector life and general insurers are currently governed by separate parliamentary acts. “This…
US visa curbs, weak demand lead to decline in IT stocks
BENGALURU: Some Indian IT stocks took a hit on BSE after US President Donald Trump’s latest proclamation on the H-1B visa, deepening concerns in an already fragile demand environment. TCS and Tech Mahindra led the losses among the top five IT firms, each falling more than 3%. HCLTech saw the least decline at 1.8%. Among…
Gold & silver price prediction today: Will MCX Gold, MCX Silver hit fresh highs? Here’s the outlook for gold, silver rates
Gold has surpassed the crucial psychological mark of $4,000, signaling strong bullish momentum. (AI image) Gold and silver price prediction today: Gold and silver prices are exhibiting bullish momentum, reaching new highs, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver: MCX Gold Price…
No major impact of Trump tariffs? Moody’s says India to be fastest growing major economy; ‘succeeded in redirecting exports’
Ratings agency Moody has predicted that India’s economy will grow at a strong 6.5% through 2026 and 2027. (AI image) India will continue to be the world’s fastest growing major economy in the coming years, despite its exports taking a hit after Donald Trump administration’s 50% tariffs, according to the latest global economic outlook report…
