IRDA allows TPAs to sell health insurance
Overruling objections from general insurers, the IRDA has decided to permit yet another set of intermediaries to distribute insurance. Third party administrators will be allowed to distribute health insurance along with other services they offer at present.
Credit Suisse to look for partners for Dhabol Power
Enron International has appointed Credit Suisse First Boston to look for a fifth partner for its 1.87 billion dollar Phase-II Dabhol Power Project at Guhagar after the MSEB expressed its `inability to invest for the time being.'
Nasdaq Composite braces for its worst year ever
Heading into the finish of what figures to be the worst year, Friday's rally in the Nasdaq composite not withstanding, 2000 is going to go down as the year the index posted the biggest loss in its 29-year history.