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FMC unhappy at NCDEX pact with anchor-investor
The Forward Markets Commission (FMC), the commodity derivatives markets regulator, wants the National Commodity & Derivatives Exchange (NCDEX) to remove the Gaurav Arora-promoted Jaypee Capital Services Ltd (JC) as anchor-investor. Jaypee has 22.38 per cent stake in NCDEX, India’s second largest agri-centric futures exchange. JC was inducted as anchor investor on NCDEX on October 7, 2010, and

Irda to allow combo products
Life insurance companies will soon be allowed to tie up with non-life companies to offer health-plus-life combi products.

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Rs 1.18-cr fine on ICICI Pru for breach of agent fee norms

The insurance regulator has slapped a fine of Rs 1.18 crore on ICICI Prudential Life, India’s second-largest private life insurer, for violating norms pertaining to commissions paid to

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Fitch downgrades Vijaya Bank's rating
Mumbai/Singapore, May 31 (IBNS): Global rating agency Fitch Ratings has downgraded India-based Vijaya Bank's (Vijaya) National Long-Term (LT) rating to 'Fitch AA-(ind)' from 'Fitch AA(ind)'. The Outlook is Stable.

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Max New York Life Net Profit Up by 159% to Rs. 733 Crores
Max New York Life Insurance, the largest non bank owned private life insurer today announced its audited results for the Financial Year 2011 -12. The company recorded 10% growth in gross premium to Rs. 6,391 Crores while the profit increased 159% to Rs. 733 Crores. The Company also performed well on other parameters like asset under management, recording a growth of 24% to Rs. 17,215 Crores over the last financial year, while solvency margin increased to 534%.

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Irda likely to strengthen insurance ombudsmen

Insurance ombudsmen may soon be allowed to deal with the grievances of individual consumers involving claims higher than the Rs 20 lakh permitted at present. The scope may also be increased to

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LIC loan scam to be properly p...
LIC loan scam to be properly probed: D Subbarao

SEBI sets disclosure terms for...
SEBI sets disclosure terms for life-insurer IPOs

BSE slips 0.1 percent,after it...
BSE slips 0.1 percent,after its ninth straight week of gains

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