Day: March 16, 2020

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E-commerce marketplace and Aegon on Monday joined hands to sell comprehensive insurance solutions for customers looking for instant digital policies with a sum assured of up to Rs 10 lakh.

With instant cover through a digital policy as its core value proposition, such policies do not require medical tests or paperwork.

has the second highest penetration among all types of insurance available in the country. One of the major problems that the insurance industry faces today is the notion that it is expensive and cumbersome to buy, followed by issues around long and rigid tenures and mis-selling.

“With this product, and Aegon Life aim to solve for these issues and make life insurance available to customers at the click of a button in a convenient and transparent manner,” said in

Micro, small and medium enterprises (MSMEs) in India braced themselves for a fresh bout of trouble as the outbreak (Covid-19) cast a long shadow over a much-anticipated mild recovery in the economy.

The has declared Covid-19 a pandemic, as more than 114 countries have reported cases of the affliction. This has material implications for the global economy.

The number of confirmed cases in India crossed the 100 mark on Sunday. Given the country’s dependence on global trade, short-term hiccups are to be expected, especially in sectors such as auto components, pharmaceuticals, textiles, and gems and jewellery.

Import-dependent sectors such as auto components (where SMEs have a share of 25-30 per cent) and pharma bulk drugs (where the SME share is 35-40 per cent) can withstand headwinds in the near term, given their inventory of

Gold, and crude oil prices hit the lower circuits on India’s MCX index on Monday, pulled down by the crisis that caused a global equity sell off in bullion, metals and energy.

traded at its lowest in international since May 2009 and crude oil, metals did their worse since 2016.

Agricultural declined sharply as sellers rushed to liquidate their stocks. was in the green initially but fell in late trading. “Funds and investment houses had bought a huge quantity of in the last few months as safe haven asset class. Now, they are coming in to liquidate to convert the metal in to cash which led to a sharp decline in silver prices globally. The same trend percolated to India as well,” said Gnanasekar Thiagarajan, Director, Commtrendz.

Silver slumped to trade below