Business
Life Insurance Corporation of India will launch LIC Credit Cards
Life Insurance Corporation of India, India’s largest and oldest life insurance company, is planning to launch its much awaited launch of Credit Cards in the month of October.
The insurance company was earlier in talks with a firm but due to some reason, the deal could not materialize. At present, the company is negotiating with some [...]
ICICI Prudential SMART fund appealing retail investors
ICICI Prudential has launched a new product, ICICI Prudential SMART fund. NFO opened on August 18 which will be closed on September 19. Nilesh Shah, Deputy Managing Director of ICICI Prudential, revealed that SMART Fund will be placed among the retail investors also as it is not a kind of capital protected product. Though credit risk is involved in it, there will be no market risks. Debentures are formulated in such manner that when the Nifty index go down, they do not participate, having the principal amount back credited with some minimum assured returns.
Infosys will also be in special economic zones now
Infosys Technologies is now reported to be expanding in the special economic zones (SEZ) of the country to take some tax advantage. This had been reported by a top official of the Company on Wednesday to Indiatimes reporters.
Infosys is planning to have all their expansions in special economic zones (SEZs) as in Software Technology Parks [...]
India Is Still the Tortoise, China Is the Hare
Sitting in Mumbai traffic for two hours to travel a short distance is enough to shake even the most enthusiastic India bulls. India’s infrastructure needs are painfully apparent the instant one arrives in the second-most-populous nation. From bumpy roads to flaky telecommunications to clogged ports to omnipresent shantytowns, India has a long way to go [...]