Synopsis
SBI, Titan, Adani Green, Godrej Consumer, Adani Gas, ICICI Lombard GIC, Bosch, Tata Communications, Hindustan Petroleum, OFSS and Apollo Tyres will announce quarterly earnings today.
Reuters
Stocks in buzz: Britannia, Sterlite Tech, PNB, Ashoka Buildcon, Indian Overseas Bank, Shipping Corp, Linde India, Bank of India, Barbeque Nation and others
Nifty futures on the Singapore Exchange traded 29 points, or 0.18 per cent higher at 16,194, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today s trade:
SBI, Titan, Adani Green: State Bank of India,
Godrej Consumer Products, Adani Total Gas, ICICI Lombard General Insurance Company, Bosch, Tata Communications,
Why demand for Covid health cover is infectious - The Hindu BusinessLine
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LS okays amendment in General Insurance Business (Nationalisation) Act
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Full functional autonomy for PSU general insurers not privatisation: Unions
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India needs more private insurance companies. Govt must use Covid trigger to make this happen
More players could make the market more competitive as they would vie to offer accessible and low-cost insurance products.
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The Union Cabinet has cleared amendments paving the way for privatisation of one state-owned general insurance company.
In her budget speech, Finance Minister Nirmala Sitharaman had said that the government will take up two public sector banks and one general insurance company for privatisation in the current financial year.
Public sector insurance firms hold a greater share of the market even though they are fewer in number. Lesser competition, low levels of capital and weak financial health of public sector insurance firms make it difficult for them to offer low-cost affordable insurance products. They are unable to cater to the emerging risks a fact that is truer in the aftermath of Covid-19.