India business news

The company’s Pension and Group Superannuation Business showed a growth of 39.46% and crossed one lac crore in the same period, collecting Rs 1,26,696.21 cr as New Business Premium Income as against Rs 90848.86 cr in the previous year corresponding period. … [Read more...] about LIC’s new business premium reports 25% growth for FY 2020

This was the third time within a year that China raised the Kashmir issue at the UN Security Council using what is known as the “any other business” (AOB) item of the agenda, people familiar with developments said on condition of anonymity. China brought up the issue in August last year and in January. Prior to this, the last time the Kashmir issue was on the Security Council’s agenda was in 1971. … [Read more...] about India again rejects China’s interference in internal affairs

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery. … [Read more...] about India needs to look beyond what rating agencies think, says ex-RBI governor Raghuram Rajan

The Reserve Bank of India (RBI) on Thursday left the repo rate unchanged at four per cent after the meeting of its six-member Monetary Policy Committee (MPC). The reverse repo rate was also kept unchanged at 3.3 per cent, RBI governor Shakti Kanta Das said at a press conference. … [Read more...] about Repo rate unchanged at 4%, surge in Covid-19 subdued early signs of revival: RBI governor Shaktikanta Das

According to experts, market participants cheered the RBI's balanced approach, which is seen in line with expectations that the central bank will be looking at alternate measures such as forward guidance and maintain sufficient liquidity. … [Read more...] about Sensex jumps 362 pts post RBI policy; Nifty tops 11,200