Insurers implement revised motor tariffs
New Delhi: General insurance companies have started giving effect to the revised motor tariffs from Monday despite uncertainty over the impact of the stay granted by the Calcutta High Court on the implementation on the new tariff structure.
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Munich Re warns insurance industry of risks
Mumbai: The global reinsurance major Munich Reinsurance Company has warned the insurance industry against ignoring "hitherto underestimated risks and unidentified loss potentials," including the insurance risk emanating from meteorites
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ICICI merger adds to higher credit growth this fiscal
Mumbai: Although competition in the banking sector has escalated, the merger of ICICI and ICICI Bank has proved to be a boon to the industrial sector which witnessed over Rs 51,500-crore additional credit flow during the first quarter of this fiscal.
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Corporate confidence highest in June: BoJ report
Mumbai: Japanese corporate confidence showed its strongest rise on record in June 2002, beating even the most optimistic forecasts as strong exports cheered big manufacturers, but a surging yen cast a shadow over the outlook.
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Dollar slips a shade against euro
Mumbai: The dollar slipped within half acent of the psychologically-important parity level with the euro on Monday, dogged by continued investor disillusionment with US asset markets.
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PacificCentury dollar bonds tighten
Mumbai: Dollar bonds of PacificCentury CyberWorks tightened five basis points on Monday after PCCW said it would sell its 40-per cent stake in its wireless joint venture for $614 million to partner Telstra Corp.
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