Financial Express - India's leading business newspaper from the Indian Express Group

HDFC Standard Life to be first life insurance company in private sector

HDFC has received a new lease of life. The IRDA has granted registration to HDFC Standard Life Insurance, as the first private sector life insurance company in India.

Reserve Bank allows banks to sell GoI-Secs on same day of allotment

RBI has allowed banks to sell government of India securities (GoI-Secs) allotted after primary auctions on the same day of allotment. It is nearly after 10 years that an explicit RBI notification has come through to this effect after a circular issued on July 26, 1991, prevented banks from doing so.

Bombay Dyeing case fuels depository war

Bombay Dyeing-Bajoria battle, where the company got to know of the acquisition of shares over the 5% limit quite by chance following a download from the depository, has spawned a fresh round of the battle of the depositories.

Squeeze on Orange -- Hutchison defers launch in Delhi, Calcutta, Gujarat

The much-anticipated launch of the Orange brand of The Hutchison Group in Delhi, Calcutta and Gujarat has been deferred. It is believed that France Telecom, which is the foreign equity partner of Hutchison's Mumbai rival, BPL, is raising objections over the use of the Orange brand name outside the Mumbai circle.

Drug firms call for sweeping changes in new policy

Nine top-notch domestic drug companies, under the aegis of the Indian Pharmaceutical Alliance (IPA), have called for sweeping changes in the proposed new drug policy.