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| Today's News |
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September 03, 2010
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Insurance industry reinvents itself under new regime
Mumbai: India's insurance industry is set to reinvent itself under the new regime announced recently by the Insurance Regulatory & Development Authority (IRDA). The new investor-friendly policies will help cut costs and commissions, as well as improve returns for policy buyers. |
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TCS No.2 insurance BPO service provider in UK
Mumbai: Tata Consultancy Services (TCS) has become the second-largest insurance business process outsourcing (BPO) provider in the UK, after winning two deals worth around Rs 1,800 crore (US$ 385.65 million). UK-based Capita is the number one player in this space. |
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Imperial Auto in joint venture with Italian co
Pune: Imperial Auto Industries (IAI) and Allevard Rejna Autosuspensions, a company belonging to Italian group Sogefi, have entered into an alliance to manufacture elastic suspension components for the domestic and overseas automotive companies. |
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Parle, Keventer ink deal to set up plant in city
Kolkata: Food and beverages major Parle Agro has inked an agreement with Keventer Agro to set up a food processing plant in Kolkata to manufacture Hippo - Parle Agro's snacks brand. |
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Tata Power-led consortium to set up 240-mw project in Indonesia
Mumbai: A consortium led by Tata Power, India's largest private power utility, will develop a 240 mega watt (MW) geothermal power project in Indonesia. The total cost of the project will range from 2,900 crore (US$ 621.4 million) to 3,800 crore (US$ 814.2 million). |
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People Combine plans 16 intl schools
Chennai/ Hyderabad: People Combine group, which currently operates six schools including Oakridge, Westwood, Vikas and NTS (Nalanda Talent School) schools in Hyderabad, Visakhapatnam and Tenali, plans to set up 16 more international schools across the country by 2015. |
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CPCL lines up Rs 7,000-cr projects
Chennai: Chennai Petroleum Corporation Ltd (CPCL) plans to build a 20-inch interconnecting crude oil pipeline between Karaikkal port and its Chidambaranar oil jetty. This is part of the several projects that the company plans with a total investment of Rs 7,763.69 crore (US$ 1.66 billion) this year. |
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