Finance

In order to further simplify the buying of health insurance by retail consumers and to help them make informed decisions, the Insurance Regulatory and Development Authority (Irdai) is set to introduce a colour coding system for all individual health products that will enable the customers to gauge the complexity of the product. In a draft released on Monday, the insurance regulator said, every health insurance product offered by general and health insurance companies shall carry a colour code, which will indicate the level and extent of the complexity of the product. The insurance companies…

Credit Suisse Group hired nine private bankers from BNP Paribas to build its wealth management business in India and capture “booming demand” in a market dominated by local firms. The Zurich-based bank recruited one managing director, two directors, three relationship managers and three assistant relationship managers to be based in Mumbai, Benjamin Cavalli, the South Asia private banking head, said in a statement on Tuesday. “The Indian market has significant opportunities that both our investment banking and wealth management businesses can capture,” Cavalli said. The Swiss bank provides services ranging from…

October 5, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. If the events of 2020 alone have taught us anything, it’s that businesses can no longer ignore their greater impact on the world and the role they play in shaping the bigger picture. So if you aren’t already, now would be a really good time to reflect on your brand values and evaluate how they’re guiding your daily actions and decisions as a business.  Brand values cannot simply be words that appear on the strategy document that gathers dust in some corner of the cloud. They…

The potential to create value sometimes entails creating a completely new industry, one in which companies that have never interacted before come together. Of course, a new market that brings them together can sometimes do the job. But a market is unlikely to be effective in promoting the kinds of knowledge exchange and co-learning required to build a new industry, especially when its future is shrouded in uncertainty. Creating the new mobility industry, for instance, will not just involve automotive companies. In fact, automakers may be one of the less important contributors. A new mobility industry will need infrastructure providers,…

The Securities and Exchange Board of India (Sebi) on Monday came out with a uniform time period for listing securities, including municipal bonds, issued on a private placement basis. The timeline will be applicable for non-convertible redeemable preference shares, debt securities, securitised debt instruments, security receipts, and municipal bonds, said Sebi in a circular. The move comes after Sebi received several requests from market participants for clarification on the time period within which such securities need to be listed following completion of the allotment. After taking feedback from market participants, Sebi…

October 4, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. Are you making the most of your company’s career page? If you haven’t made any major adjustments to it in the past few months, chances are your career page content is going to look and sound a little stale. At its essence, your career page is a marketing tool. It’s a chance to connect with candidates and tell them what your company stands for and what matters most to you.  Unfortunately, many companies neglect this prime piece of website real estate, either filling it with bland,…

A working group set up by regulator IRDAI has recommended a broad policy framework and procedure for providing insurance cover to the drone industry and also suggested various risks associated with the use of Remotely Piloted Aircraft Systems (RPAS). The working group, set up by the Insurance Regulatory and Development Authority of India (IRDAI) in June to recommend suitable insurance products for drones, suggested various procedures to be followed and the documentation required in the event of a claim. Among other things, the group in its report has come out with…

Wheat is trading at Rs 1,792 per quintal in Delhi; The barley price in the Jaipur market is trading at Rs 1,367 per quintal TopicsWheat prices | barley Wheat Wheat is trading at Rs 1,792 per quintal in Delhi. The price is expected to trade lower towards Rs 1,750 per quintal following record supplies and subdued demand from millers. Aggressive liquidation by the government will also put pressure on the price. Barley The barley price in the Jaipur market is trading at Rs 1,367 per quintal. The prices is…