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The committee formed by the insurance regulator to review the motor insurance service provider (MISP) guidelines has suggested that automotive dealers can be considered as of one of the distribution channels for soliciting motor insurance business. They may work as insurance intermediaries in much the same way as insurance brokers, but must solicit motor insurance business only. They may also choose to become sub-brokers or sub-agents and work for a broker or a corporate agent respectively. And the option to become a separate distribution channel or sub-broker should be left with the automotive dealer. If they…

Gold rose on Wednesday to a one-week high as the dollar weakened on US Treasury secretary nominee Janet Yellen’s call to “act big” on measures to help the American economy recover from the impact of the pandemic. Brent Crude, too, jumped and traded above $56 a barrel. Spot gold gained 1.18 per cent to $1,862.10 per ounce by 8.20 pm IST, having risen 1 per cent to a near one-week high earlier. In Delhi, gold gained for the third day, rising Rs 347 to Rs 48,758 per 10 gram. “Gold looks…

A Chinese restaurant owner wrote his own reviews of every item on the menu, and the result is just great.Free Book Preview Ultimate Guide to Facebook Advertising Get a glimpse of how to use Facebook’s marketing resources to your business’s advantage. January 19, 2021 4 min readThis article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Sometimes the best advice you can take in life and in business is to ‘be yourself’ . This was demonstrated by Feigang Fei , owner of a restaurant in Montreal, Canada, who went viral…

Largest asset manager SBI Mutual Fund on Tuesday said it is targeting to raise up to Rs 2,000 crore from investors through a newly launched scheme which will help create retirement corpus. SBI Retirement Benefit Fund, whose new fund offer got announced on Tuesday is retirement solution-oriented scheme offering an option of investing as per an investment plan as based on risk profile, a statement said. The scheme offers an option to avail Term Insurance of up to Rs 50 lakh on SIPs (systematic investment plan), and a facility for regular…

Investment through participatory notes (P-notes) in the domestic capital market rose to a 31-month high of Rs 87,132 crore at December-end, reflecting the bullish stance of FPIs. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Sebi data, the value of P-note investments in Indian markets — equity, debt, and hybrid securities — increased to Rs 87,132 crore till December-end from Rs 83,114 crore at…

January 18, 2021 6 min readOpinions expressed by Entrepreneur contributors are their own. Service providers in certain industries — like travel and leisure, for example — have been hit hard by the pandemic. According to an August 2020 survey by the National Federation of Independent Business, 21{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} of business owners say they’ll permanently shut down if the economy doesn’t improve within the next six months. Regardless of industry, service professionals need to acquire multiple revenue streams to weaken the financial risk, given today’s economy. It’s also critical to operate with the right mindset about one’s work. Whether you’re an…

A working group constituted by the insurance regulator to study the scope of linking motor insurance premium with traffic violations has recommended adding “traffic violation premium” in every motor insurance policy in addition to motor own damage, basic third party, additional third party, and compulsory personal accident premium. It will float over own damage and third party sections of motor insurance and can be attached to any section of motor insurance cover being purchased. “This will ensure, regardless of any insurance cover a motor owner wants to buy, he/she will be subjected to Traffic Violation Premium,…

By Dhara Ranasinghe LONDON (Reuters) – More governments are selling bonds that mature in 30, 50 and even 100 years’ time, capitalising on rock-bottom borrowing costs and a willingness among investors to look past risks for the sake of slightly higher yields. After Germany’s state of North Rhine Westphalia (NRW) raised 2 billion euros on Jan. 5 via a 100-year issue, France said on Monday it would soon sell a 50-year bond, its first new debt at that maturity since 2016. A brisk start that has also seen Mexico…