Finance

In view of the disruption of normal business activity following outbreak of the coronavirus pandemic, the regulator IRDAI on Wednesday permitted life insurers to obtain consent of prospective policy holders electronically. This facility, to be allowed on an experimental basis with immediate effect till December 31, 2020, will remain limited to pure risk products, meaning those policies which do not involve any savings element, the Insurance Development and Regulatory Authority of India (IRDAI) said in a circular. “Life insurers are allowed to obtain the customer’s consent without requiring wet signature on…

As equity investors bid up share prices on Dalal Street, the valuation of the benchmark indices has hit an all-time high. At the close of trade on Wednesday, the NSE Nifty 50 index price-to-earnings (PE) multiple reached an all-time high of 30.4 times its trailing 12-month earnings per share (EPS). The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x. In comparison, the index was valued at 28.6x at its life-time high of around 12,355…

August 4, 2020 10 min readOpinions expressed by Entrepreneur contributors are their own. Branding isn’t just your logo and website design, it’s your experience, product, partners, and more. Branding a new venture takes work — you have to really know what your business stands for and ensure that people Inside and outside of your company know, too. In the modern age, a brand is increasingly shaped by how you act, not only what you say. Think of branding as the interface between your business and customers. It helps you connect more meaningfully with them, tells your story, conveys your…

You’ve probably heard these stories before. There’s the proud janitor at NASA who tells President Kennedy that he isn’t just sweeping up; he is helping put a man on the moon. And the gung-ho stonemason who tells architect Christopher Wren that he isn’t just hammering rock; he is building a cathedral to God’s glory. The stories are popular, even though they probably never happened. And they get told and retold to support the power of purpose. It’s the subtext that bothers me. Invariably, the moral of these stories is that employers (a label that literally defines the rest of us…

The benchmark indices posted their biggest single-day gains in nearly seven weeks, amid supportive global markets and sharp gains in index heavyweights Reliance Industries (RIL) and HDFC Bank. Ending its four-day losing streak, the Sensex surged 748 points, or 2.03 per cent, to end at 37,688. Recouping all the losses made in the previous session, the Nifty50 index rose 211.25 points, or 1.94 per cent, to end at 11,102. Both the indices gained the most since June 18. More than three-fourths of the index gains, however, came from RIL and HDFC Bank. Shares of RIL jumped…

Grab this bundle while it’s on sale today.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 3, 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. Organic search traffic, that is, online traffic that comes from search engines, comprises 53 percent of all traffic on the Internet. If there are…

The Insurance Regulatory and Development Authority of India (Irdai) launched the Arogya Sanjeevani Health Insurance Policy on April 1, 2020. The main objective of the plan was to make insurance more accessible, affordable and less confusing for policy buyers. Irdai allowed several insurers to launch this policy on July 7, 2020. What is the importance of Arogya Sanjeevani Health Insurance Policy? The policy aims to standardise health insurance in India. Policy documents and their wordings are, more often than not, confusing for the customers. Irdai wanted all companies to offer plans…

Leading stock exchange BSE on Monday reported a 21.4 per cent decline in net profit at Rs 32.48 crore in quarter ended June 30, 2020. The exchange had posted a net profit of Rs 41.32 crore in the year-ago period, BSE said in a regulatory filing on the NSE. Total income declined to Rs 162.11 crore in the quarter under review from Rs 165.97 crore in the corresponding quarter a year ago. “BSE’s shift of expiry of weekly contracts from Thursday to Monday has been very well received by…