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1790237489 bank strike

Bank Strike: 3-day bank strike from September 28: Centre government employees to get salary in advance on September 25; banks to open this Sunday, advisory issued to customers

The government has decided to advance the payment of salaries, wages and pensions for central government employees. Bank strike from September 28-30: In lieu of the upcoming three-day bank strike from September 28 to September 30, the Finance Ministry has asked all ministries and departments to arrange for the advance payment of September salaries.The salaries...
no truce sameer hiremath left and baba kalyani

Baba votes against nephew, but Sameer secures Hikal chair

NO TRUCE Sameer Hiremath (left) and Baba Kalyani MUMBAI: Baba Kalyani voted against his own nephew and lost. Sameer Hiremath, 52, secured the chairmanship of Hikal despite opposition from Bharat Forge’s chairman and MD, with public shareholders tipping the balance.The resolution passed narrowly. Of the votes cast, nearly 52% backed Sameer’s appointment as CMD, against...
declining insurance costs graph

Commissions capped as fees soar 4x faster than premium; regulator seeks to limit distribution costs and misselling

MUMBAI: The insurance regulator has sought to curb distribution costs and misselling by tightening limits on commissions and other expenses, after a reform meant to give insurers greater flexibility instead resulted in a big chunk of premium income being gobbled up by distributors.The Insurance Regulatory and Development Authority of India (Irdai), in a consultation paper,...
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