Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Interest rates unlikely to rise in FY10: Bankers
When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.

The fight club
Indian fashion designers should call their fraternity The Fight Club. It has been said before in this column that the very inception of the Fashion Design Council of India (FDCI) happened amidst intense internal wrangling. But ever since some designers walked out of the FDCI to set up the Fashion Foundation of India (FFI), the bitterness between the different factions came out in the open for all to see. There are reports that there might be another spilt. There are also rumours that there could be a patch-up between the three fashion bodies (for those who tuned in late, there is also a Fashion Design Promotion Council) sometime in the near future.

News of the day

Sunil Jain: How rich are India's poor?
- Many poverties - How many mouths to feed? - High inflation numbers derail Dalal Street - Sunil Jain: And now, quotas for Muslims">Sunil Jain: And now, quotas for Muslims - New rule raises number of poor by 100 million - "Over 27% were living below poverty line in 04-05"
Corporate

DLF Pramerica Life eyes 3-fold rise in business

DLF Pramerica Life Insurance is expecting new business of about Rs 90 crore in 2010, three times the business generated in the first year of operations. Markets open strong; Tata Steel up 2% “Next year, we will grow faster than the market and add 30 branches. Over the next two-three years, we will have a pan-India presence,” Mehta said. DLF Pramerica expects to break even in seven-eight years. The promoters of the joint venture company will invest Rs 1,000 crore over the next five-six years. It has a capital base of Rs 187 crore. Of the 30 branches opened so far, 19 are in Punjab while the rest are in New Delhi and Haryana. In the last one year, the company has added 700 employees and 1,100 agents. It has sold about 11,000 policies since the launch with a total business of Rs 25 crore. Mehta said DLF Pramerica would close the year with new business of Rs 35 crore as people invest in insurance policies during the end of the year to lower their tax outgo. The company is targeting sections such as schools, teachers and defence personnel to increase its share in the crowded life insurance market. It is focusing on traditional pure protection plans and long duration products of 15 years.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009