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LIC to rejig Ulips after Irda norms
Following the Insurance Regulatory Development Authority’s (Irda’s) cap on insurance charges, Life Insurance Corporation (LIC) is looking at measures like increasing the minimum premium and lock-in period, and rejigging other expenses such as fund management charges, for unit-linked insurance plans (Ulips). generic levitra

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Smart Portfolios shine in holiday week
The Smart Portfolios registered healthy gains last week in line with a pull back in the broader markets. The benchmark index, S&P CNX 500, was up 3.61 per cent in the holiday-shortened week. An investment of Rs 10 lakh at the start of the Smart Portfolios on September 1, 2009, is today valued at Rs 11.20 lakh, an appreciation of almost 12 per cent. This week, barring Praveen Panjwani, other three fund managers were able to match the benchmark’s return.

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Business Standard / New Delhi September 24, 2009, 0:57 IST
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SAIL, ONGC, IOC, NTPC may get Maharatna tag

Four public sector giants — ONGC, Steel Authority of India Ltd (SAIL), Indian Oil Corp (IOC) and National Thermal Power Corp (NTPC) — were likely to get in next ten days the Maharatna status, which would empower these Public Sector Undertakings (PSUs) with greater autonomy, a top government official said today. - Analysts' corner - OIL willing to take over ONGC"s Assam oilfields - Eight of top-10 firms lose Rs 85,000 cr in m-cap - Oil India willing to take over ONGC"s Assam oilfields - IOC fears Rs 12,000-cr loss in "09-10 - Golden oldie “We hope to confer Maharatna status in about 10 days ... as of now four appear to be there,” the Secretary, Department of Public Enterprises, Bhaskar Chatterjee told reporters on the sidelines of a CII summit. Asked if SAIL, ONGC, and NTPC are likely to make the cut to be in the Maharatna category, he said, “Yes, these are there and also Indian Oil Corporation.” Under the new status, PSUs will get more autonomy and can take investment decisions up to Rs 5,000 crore without the government approval against the present limit of Rs 1,000 crore.


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