IRDA chairman said the new product regime, as and when they come into force with different dates to stagger the implementation, gives time to insurance companies to readjust their processes.
"We are now earning approximately Rs 2,000 crore a quarter and if we take away the fictitious revenues, we have reached almost the pre-crisis level."
The surge has further distorted the market, which has already seen a massive shift of consumers to diesel cars.
For the biggest diesel guzzlers, booking tankers directly from oilcos no longer makes business sense. For many, it's time to jump to the pump.
Religare now holds 14.48% in DCHL, as per the latest shareholding pattern for the period ended Sept 2012 submitted by the company to the BSE.
Battered lender for poor SKS Microfinance, which has turned corner during December 2012 quarter, hopes to post a return on equity (RoE) of 15% during next fiscal.
Reacting sharply to the media reports, the IVRCL stock on BSE plunged to year's lowest price of Rs 31.80 before closing at Rs 33.
The bank plans to raise Rs 1,500 crore of tier-I capital and Rs 2,000 crore of tier-II subordinated debt, chairman MG Sanghvi said.
Deccan Chronicle , which had extended its financial year by six months, saw its promoters ’ holding slipping to 38.4% from 78.83% in March 2011.
Deccan Chronicle Holdings has announced a net loss of over Rs 1,040 crore for the 18 months period ended Sept 2012.
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