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The lender has also appointed Abhay Bhutada as its managing director and Vijay Deshwal as chief executive officer. Deshwal, currently a business head at ICICI Bank, will assume charge at Magma from the first week of July. He will also be the Group CEO of Poonawalla Group’s financial services business.
LIC goes easy on claim settlement requirementsTo address the difficulties experienced by policyholders in submitting documents required for claim settlement in the servicing branch, the insurer has allowed submission of documents in any nearby LIC office for due maturity… Read MoreStocks in focus: Praj Industries, Adani Power, Raymond and more
from Stocks-Markets-Economic Times https://ift.tt/2R4a9QG
… Read MoreBetting on high-yield stocks emerges as winning strategy in AsiaWhile stocks that pay relatively large dividends are rising globally, for the most part the gains are happening in-line with the wider market. Not so in Asia though, where MSCI Inc.’s key gauge for this category of shares has… Read MoreS&P hits record, Nasdaq jumps 1% as weak jobs data eases Fed tapering worriesThe Labor Department's closely watched employment report showed U.S. employers hired far fewer workers than expected in April, with nonfarm payrolls increasing by only 266,000 jobs last month after rising by 770,000 in March.… Read MoreBezos sells $2.4 billion of Amazon in second wave this weekBezos sold 739,032 shares under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings, days after he disposed of an identical amount. He said earlier this week in a filing that he plans to … Read More
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