An insurance offering that almost became a laggard is getting back into the mainstream, thanks to Covid-19. Despite the growing frequency and severity of claims, many intermediaries stopped selling the Directors and Officers (D&O) Liability insurance because the product became very commoditised in the recent past, and the servicing demands attached to it were high. Starting from the Bhopal Gas tragedy of 1984, the Indian insurance industry began to realise the need for domestic expertise in liability classes. Despite a D&O product becoming available by the late 1990s, Satyam Computers was a wake-up call. While overseas…

Geopolitical developments and trend in Covid-19 cases will set the tone for equity markets this week, analysts said, adding that with no major events scheduled, indices may consolidate. “Going ahead, we expect the market momentum to continue in the near term on back of changed sentiments and improved liquidity. Apart from global cues and development around geopolitical tensions, the monthly F&O expiry would be some of the key monitorable,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd. According to analysts, besides stock-specific action, trend in global markets,…

June 19, 2020 8 min readOpinions expressed by Entrepreneur contributors are their own. According to the Bureau of Labor Statistics, 21 million people are currently unemployed. To put this in perspective, the Great Recession in the early-2000s saw its height of unemployment in 2010 at 14.8 million. The COVID pandemic has not only left this number in the shadows, but the speed at which it occurred is also like no other in our history. The result? Employees and contractors were quickly displaced and left scratching their heads saying, “What just happened?” Businesses scrambled to communicate with employees, clients, and…

Gold prices remained stable at Rs 47,450 per 10 gram, while silver went up to Rs 48,050 from Rs 47,550 per kilogram on Saturday, according to the Good Returns. The prices of gold jewellery vary across India, which is the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. In New Delhi, the price of 22-carat gold is holding steady at Rs 46,250 per 10 gram, while in Chennai it is Rs 45,570. In Mumbai, the rate is Rs 46,100, according to Good Returns website. Prices…

June 19, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. As we learn to live in this “new normal” of media overflowing with stories about COVID-19, protests and civil unrest it’s sometimes overwhelming to think about pitching stories to journalists.  How can we pitch stories to press about our businesses when the world has turned upside down?  Journalists are looking for stories, and there are plenty of ways to provide the content they are seeking. You just need to know how to discover what they are looking for, and the most effective ways to present yourself…

Gold price in the national capital rose by Rs 144 to Rs 48,334 per 10 gram in-line with the gain in international prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 48,190 per 10 gram. Silver also gained Rs 150 to Rs 49,160 per kg from Rs 49,010 per kg in the previous trade. “Spot gold prices for 24 carat gold in Delhi were trading up by Rs 144 with strong international gold prices and rupee depreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said. The rupee…

Your main business focus cannot be on a niche that is doomed to fail. June 18, 2020 3 min readOpinions expressed by Entrepreneur contributors are their own. Here’s a little secret you may not know: If your business isn’t growing as fast as you’d like it to, it may not be the marketing that is the problem. It could be your market. Case in point — we run a monthly intensive called the Rocket Launch for our coaching clients on launching a profitable Facebook lead-generation funnel. The thing is though, before we can launch Facebook Ads, we have to…

The Insurance Regulatory and Development Authority of India (Irdai) has ruled that health insurers cannot contest claims by clients who have persisted with their policies for eight years in a row, citing non-disclosure. In such cases, insurers cannot reject claims on grounds of misrepresentations that could have been made in disclosures during commencement of the policy. This is among 17 clauses that Irdai has asked insurers to standardise in new health products from October 1, 2020, and in existing policies from April 1, 2021. The period of eight years — for which the client…