An official ET spoke with said the demand notice wasn’t fresh, but a follow up of one sent in January 2023, as the company had failed to give a “satisfactory” reply to the earlier show cause notice.
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Goldman Sachs reports that India’s economic slowdown may have passed its worst phase, with economic growth and earnings expected to improve. However, the firm anticipates ongoing market volatility due to domestic investment in smaller stocks and global uncertainties, particularly from…
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Prime Minister Narendra Modi’s administration is addressing a $346 billion debt through longer-dated sovereign bonds with a growing influence of households investing in insurers. This shift has led to a focus on long-term debt sales and substantial participation by insurance…
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The Insurance Regulatory and Development Authority of India (IRDAI) has identified serious lapses in the claim settlement practices of Star Health and Allied Insurance. The insurer also has the highest number of customer grievances amidst its industry peers , and…
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US consumer confidence fell for a fourth straight month in March, according to survey data published Tuesday, hitting its lowest level since the midst of the pandemic in 2021. “Consumer confidence declined for a fourth consecutive month in March, falling…
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DLF Ltd has acquired nearly 50% of its arm DLF Urban Private Limited for Rs 497 crore from Singapore’s Reco Greens, giving DLF full ownership. DLF Urban has developed a luxury housing project in New Delhi. The acquisition increases DLF’s…
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