On the insistence of the regulator, and directions issued by the apex body of non-life insurers – General Insurance Council – the insurance companies are working on a standardised insurance product for Covid treatment, with sum assured ranging between Rs 1 lakh and 5 lakh. The product needs to be offered mandatorily from June 15 onwards and the insurers have been given time till June 4 to come up with recommendations on the product, said sources aware of the development. In view of disparity of claims for Covid treatment, recently, the Insurance Regulatory and Development Authority of India (IRDAI)…

Moody’s Investors Service (Moody’s) downgraded the Government of India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2 and maintained a negative outlook. The downgrade came after market hours on Monday. READ ABOUT IT HERE Here’s how leading analysts have interpreted the development and its likely impact on the markets. Abhimanyu Sofat, head of research, IIFL Securities Moody’s decision to lower India’s rating is a reflection of the stress in Indian economy and fiscal situation that has been amplified by the virus outbreak. We believe the subdued policy response for short…

May 28, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. As any digital marketing pro can tell you, programmatic advertising is one of the most critical — and least understood — concepts in the industry today. It’s a strategy made more difficult by the fact that individual platforms and vendors in the space use a confusing array of redundant and overlapping terms to describe the process. For the average business, though, understanding and making use of programmatic advertising is essential in today’s multichannel environment. In reality, programmatic advertising is a pretty simple thing to grasp, once…

Gold exchange-traded funds (ETFs) have given investors an average return of 48.7 per cent over the past year. Investors who have become overweight on the yellow metal (vis-à-vis their original allocation of 10 or 15 per cent of their portfolio) should book partial profits from time to time and bring their allocation back to the original level. If they allow themselves to become heavily overweight on the yellow metal, it will increase their portfolio risk. Whenever the bull-run in gold ends, their portfolio could take a beating. Most experts today are of the view that the…

Mutual funds have invested just Rs 1,230 crore in stock markets during the lockdown and industry experts believe they are still waiting for a good “entry point” and maintaining high liquidity for any possible redemptions by corporate houses. Going ahead, the primary factor that will determine mutual fund (MF) investment into equity will be their own inflows from investors. This will be put to test as many retail investors are facing the risk of pay cuts and job loss over the next quarter or so, said Vidya Bala, co-founder of Primeinvestor.in. …

May 28, 2020 6 min readOpinions expressed by Entrepreneur contributors are their own. The world has changed a lot in the past few months. Maybe you got laid off from your full-time job and are ready to earn some extra money. Or maybe you now have time to pursue a freelance dream.  I started freelancing a few years ago and eventually was able to open my own branding agency. Because I got my start on Upwork, I’d like to share with you some tips on taking the leap and joining this freelancing platform.  Related: 11 Best Websites to Find…

Prior to the Civil War, Ulysses S. Grant didn’t show much promise. He called his admission to the U.S. military academy at West Point “an accident,” and when he graduated in 1843, he was only in the middle of his class. Just over a decade later, in 1854, he resigned from the U.S. Army. In the next few years, he proved to be a failure in business — even during boom times, such as the California gold rush. In 1861, as the slave states seceded from the U.S. and the Union rushed to build up its army, Grant struggled just…

The price of silver jumped by 3.33 per cent in Mumbai’s spot Zaveri Bazaar on Saturday to hit the highest in six-and-a-half years as investors booked the white precious metal as an alternative to gold amid expectation of an spurt in its demand with the gradual opening up of the economy from the eight-week nationwide lockdown. In the spot Zaveri Bazaar, silver added Rs 1,615 to trade at Rs 50,050 a kg (without GST) on Saturday from Rs 48,435 a day earlier. This price level in rupee value was not seen after October 2013. Standard gold…