Finance

The rise in the number of Covid-19 cases in the country has led to a surge in health insurance claims. Non-life insurers, as of Tuesday, have received more than 100,000 claims to the tune of Rs 1,644 crore. Of the total claims received, nearly 66,000 claims amounting to Rs 628.95 crore have been settled so far. When policies were issued, insurers were caught on the wrong foot. “This explains why insurers were worried about hospitals fleecing patients. We wanted the cost to be reasonable and consistent,” said a senior insurance executive. “The gap in…

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said its board has approved a proposal to raise up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs). The fund will be raised in one or more tranches. “The Board has given its in-principle approval for issuance of Non-Convertible Debentures for an aggregate amount not exceeding Rs 3,000 crores in one or more tranches on private placement basis,” APSEZ said in a regulatory filing to the BSE. The debentures to be issued will be listed on BSE Limited and/ or…

August 7, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. I was recently referred to Robby Blanchard, an increasingly popular online marketer who got his start as a gym owner. Blanchard was perpetually looking for new and better ways to market his gym, and in the process, he developed a series of easy steps that every business can use to accelerate their desired marketing goals. He became familiar with the Clickbank online digital platform, and within five years became Clickbank’s top-selling affiliate. Following that success, he created an online program called “Commission Hero” to teach other…

When Isaac Newton published his third law of motion in 1687 — that for every action, there is an equal and opposite reaction — he unintentionally gave us a conceptual model that extended beyond the motion of physical objects. About 300 years later, the economist Albert Hirschman applied this action–reaction lens to the study of political, social, and economic progress and arrived at a provocative conclusion. He proposed in his book The Rhetoric of Reaction that opposition to progress is often “shaped, not so much by fundamental personality traits, but simply by the imperatives of argument, almost regardless of the…

In a massive crackdown against front-runners, market regulator Securities and Exchange Board of India (Sebi) imposed a stock market ban on more than two dozen individuals. Sebi also ordered impounding of their bank accounts to an extent of the alleged illicit gains made by these individuals. The market regulator passed a 55-page interim order in the matter of front running trading activity by dealers of Reliance Securities. Between December 2019 and April 2020, Sebi’s internal alert system generated front running alerts. Front running is a term used to describe a broker,…

Plus, YouTube, Reddit, Mailchimp, and Amazon, too.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. August 9, 2020 2 min readDisclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. In 2018, an estimated 1.8 billion people worldwide purchased products or services online, amounting to $2.8 trillion in global e-retail sales. Projections suggest that the…

After witnessing year-on-year drop in premiums for the last four months, life insurance companies are finally in the green. New business premium (NBP) of life insurers grew 6.86 per cent in July to Rs 22,986 crore, compared to Rs 21,509 crore in the corresponding period a year ago. It was, largely driven by private insurers’ performance. Private insurers, 23 in total, amassed NBP to the tune of Rs 7,815 crore in July, up 26 per cent from Rs 6,197 crore in the same period last year. State-owned insurance behemoth – Life Insurance Corporation – was still…

The price of Shankar 6, the benchmark cotton, is around Rs 15,800 per bale. Soybean, at the benchmark Indore market, is trading at Rs 3,869 per quintal…