This decision aims to plug the arbitrage, which high-net-worth individuals (HNIS) are using to get tax-free returns on their high-value policies via Section 10(10D).
The stocks of life insurance firms reacted sharply to the announcement of the finance minister on Wednesday, with most witnessing around 10 per cent fall in a day. On Thursday, however, of the five life insurance companies that are listed on the bourses, only two - HDFC Life Insurance and Max Financial Services - ended in the red. The rest - Life Insurance Corporation (LIC), ICICI Prudential Life Insurance, and SBI Life Insurance - witnessed marginal gains in the share price.
Esta historia es de la edición February 03, 2023 de Business Standard.
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Esta historia es de la edición February 03, 2023 de Business Standard.
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Indian sports beyond the boundary
Little has been written about Indian sport, and practically nothing about the governance challenges as sport is powered by commerce.
Expansion of Ayushman Bharat a priority
Expansion of Ayushman Bharat Yojana to cover everyone aged above 70 years, launch of the National Health Claims Exchange (NHCX) and a special drive against tobacco use among youngsters were among the top agenda items discussed during the first high-level meeting chaired by Union Minister of Health and Family Welfare, JP Nadda on Friday.
MAKING A RACQUET
At long last, India has a player in the top 100 ATP rankings. But can Indian tennis match the success of badminton?
Will rural consumers roar?
\"Rural FMCG growth overtakes urban after 5 quarters,\" read the headline (Business Standard, May 8, 2024).
MFS or NPS? Go for both if you don't mind latter's lock-in
If one were to compare the category average returns of Tier-I equity plans of the National Pension System (NPS) with the direct plans of largecap mutual funds (MFS), the latter have a small edge currently.
Ambuja eyes more buys after Penna deal
Adani Group aims to become leader in cement sector in 4 years
Sensex, Nifty hit lifetime highs
Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data.
Short-term margin overhang likely for Tata Communications
The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies.
CLSA sees further rerating scope in Vedanta
Shares of Vedanta rose as much as 2.8 per cent on Friday after the Hong Kong-based brokerage CLSA in a report said there was scope for further re-rating for the stock.
Abrdn favours Chinese, Indian stocks on policy boost hopes
Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.
