Fwd: Today's Exclusives - Did New India Assurance overcharge lakhs of mediclaim policyholders? - I

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From: Moneylife <noreply@moneylife.in>
Date: Fri, May 11, 2012 at 7:21 PM
Subject: Today's Exclusives - Did New India Assurance overcharge lakhs of mediclaim policyholders? - I
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11 May 2012   Moneylife Exclusive Did New India Assurance overcharge lakhs of mediclaim policyholders? - I Raj Pradhan Is New India Assurance sitting on crores of extra premium collected due to a software glitch? It does not even know how many policyholders paid excess premium and is stonewalling all questions...   ADVT Other ML Exclusives   Air travellers stranded as pilot strike hit flights Aviation minister Ajit Singh says that the aviation industry and Air India are passing through a tough phase due to high price of ATF, high service tax along with airport charges. Why are Indigo, GoAir and SpiceJet less affected? .................................................................................................................................................... Daily Market Report: Nifty, Sensex show signs of minor reversal which may not be sustained Expect Nifty to find support at around 4,880... .................................................................................................................................................... More Enrons in sight in India? Casting aside the need for transparency and competition, the politicians and civil servants of both coal and environment ministries made hay while the sun was shining and merrily allotted around 200 coal blocks without auctions. Soon, the coal-power bubble will burst. A Coalgate and a multitude of Enrons will unfold, followed by unmanageable NPAs with the banks. After all, the people of India are always there to bear the burden of the sins of their political leaders... .................................................................................................................................................... The Finance Bill 2012 as passed in Lok Sabha: What are the implications? The important amendments made by the finance minister to the Finance Bill have now been approved by the Lok Sabha. The amendments proposed in the Finance Bill are perceived to be a major roll back on the part of the finance minister. As far as GAAR is concerned, it will be interesting to note what happens between now and 1st April 2013 when the said provisions are expected to come into force... .................................................................................................................................................... Health ministry sets up committee to examine report on irregularities in drugs approval The ministry of health and family welfare has set up a three-member committee to examine validity of the scientific and statutory basis adopted for approval of new drugs without clinical trials. The committee has been asked to submit its report within two months... .................................................................................................................................................... Sintex has reported 35% decline in net profit amidst looming FCCB repayment date Prefabs and monolithic maker, Sintex, has reported a sharp decline in its net profit for the year while the board has announced dividends despite urgent need to pay off FCCBs... .................................................................................................................................................... Lupin Laboratories Q4 net profit falls 33% on higher tax outflow Higher than normal tax outflow has hit Lupin while its sales were aided by a weaker rupee and is likely to face headwinds going forward... .................................................................................................................................................... IRB Infrastructure tanks 41.4% as its chairman is investigated in a murder case Managing director Virendra Mhaiskar and three members of the company are alleged to be involved in the murder of an RTI activist... .................................................................................................................................................... Life Insurance: Toxic plans Where is corporate governance in all this? .................................................................................................................................................... Mis-selling: Banker's dozen Mis-selling by banks is sparing no one... .................................................................................................................................................... DSP BlackRock Dynamic Asset Allocation Fund: Aiming to time the market Dynamic plans give fund managers the flexibility to time the market but it has not worked that well so far... .................................................................................................................................................... Beginning hotel life at the Courtyard Though the author had stayed in some of the top hotels in the world as a guest, this was the first time he was on the opposite side of the table, taking care of the guests. The 31st part of a series describing the unknown triumphs and travails of doing international business...   ADVT     Personal finance today - India Post to set up 1000 ATMs at post offices - DGCA warns airlines against hiking fares     At a Glance   - Kingfisher pilots call off stir, management promises payments by 15th May - Ambedkar cartoon triggers pandemonium in Parliament - SC refuses to entertain Air India's plea against Indian Pilots Guild - Court reserves order on charge framing against Essar, Loop promoters - Raid on cosmetics factories in Kerala; products worth Rs50 lakh seized   Corporate Wrap-up   - Lower provisioning pushes Federal Bank net up 38% in Q4 - Panasonic buys 76% stake in Firepro Systems - Dr Reddy's Laboratories Q4 net profit up 2% at Rs343 crore - India invites Chinese steel makers to set up pellet plants     FROM the ARCHIVES   President Pratibha Patil's luxurious home continues to be built The 2,42,000 sq ft of land in Pune returned by President Patil is to be 'suitably' used for an alternative purpose. Communication from the ministry of defence is awaited, said Southern Command officials... ...................................................................................................................................................... Kingfisher Airlines no more a subsidiary: UB Holding In February, Kingfisher allotted shares to banks and financial institutions against optionally convertible debentures, thus reducing stake of UB Holding. The question is who are these smart bankers who put money into the carrier which has been reporting losses since its inception...   To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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