Fwd: Today's Exclusives - IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking

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From: Moneylife <noreply@moneylife.in>
Date: Wed, May 16, 2012 at 8:13 PM
Subject: Today's Exclusives - IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking
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16 May 2012   Moneylife Exclusive IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking Moneylife Digital Team Speaking at a Moneylife Foundation seminar, IRDA chairman J Hari Narayan also said prohibiting banks from selling insurance products is not feasible in India ...   ADVT Other ML Exclusives   4 doctors of Max Hospital held guilty of negligence; anxious father awaits action after CIC's order Following the death of his daughter due to medical negligence in Delhi's posh Max Hospital, the aggrieved father invoked 50 RTI applications in various departments to seek justice. Last week's order by CIC Shailesh Gandhi provides some hope... .................................................................................................................................................... Warburg Pincus' dud investment in Moser Baer: An honest mistake? Warburg Pincus, a private equity giant, sold its investment in Moser Baer after taking a massive loss. It is strange that Warburg took 12 years to realise what was apparent long time ago... .................................................................................................................................................... Daily Market Report: Nifty may stage a slow recovery If today's lows hold, the Nifty may see a short rally... .................................................................................................................................................... Unimpressive quarterly earnings results show cost pressures Sales growth of the 415 companies that have declared their results so far, have been excellent but their margins have been squeezed, leading to very poor profit growth... .................................................................................................................................................... N Prasad of Matrix Lab arrested for sweetheart deal with Jagan Reddy According to CBI, Prasad invested several hundred crores of rupees in companies floated either by YSR Reddy or his son, Jaganmohan Reddy and paid huge premium for the shares, which was nothing but a quid pro quo deal... .................................................................................................................................................... Ayurvedic doctor penalised for giving allopathic medicine that led to a patient's death The National Consumer Commission, while upholding State Consumer Forum's decision, questioned why an Ayurvedic practitioner administered allopathic medicines without any knowledge of the same... .................................................................................................................................................... Fund Performance: Worst Equity Funds Schemes from JM Financial, LIC Nomura and HSBC have done disastrously... .................................................................................................................................................... When the going gets tough, airlines get stingy! "It's the economy stupid," said an airline executive I know. While innovative ways to price various services is the global airline model these days, there are days it gets too much and some of these are ahead of us! .................................................................................................................................................... Thrills and perils at the front desk The hectic work at the front desk meant staff being alert all the time, but despite this there were some goof-ups that were resolved without much ado. The 34rd part of a series describing the unknown triumphs and travails of doing international business... .................................................................................................................................................... Gay marriage: President Obama's bold move The president's endorsement of gay marriage was a leap of faith but also had an eye on opinion polls. It actually may be Obama's insurance policy if the economy tanks...   ADVT     Personal finance today - Bharti Airtel partners with Axis for mobile banking services - 'Wait-listed Tatkal passengers to get preference over others'     At a Glance   - Maharashtra to form guidelines for radiation from mobile towers - Opposition fears repeat of 1991 as rupee touches record low - Air India begins international operations; pilots want government to initiate talks - US slaps sanctions against Dawood aides Chhota Shakeel and Tiger Memon - CBI raids Yeddyurappa, kin's residences   Corporate Wrap-up   - Glenmark gets nod from US for migraine tablets - Facebook raises IPO price range to $34-$38 due to strong demand - Welspun wins $225 million solar project in Madhya Pradesh - CCI okays Nippon Life's proposal to acquire stake in RCAML     FROM the ARCHIVES   RIL does not hold stake in any media company – True or False? It may be true that on paper, RIL does not hold any stake in any media company, as the minister stated in Rajya Sabha. However, the Reliance group now openly controls Eenadu TV and the Network18 Group... ...................................................................................................................................................... 'Lucrative' assignments: A Messy Saga Top bureaucrats and chairmen of banks and public sector entities (barring a few honourable exceptions) are guilty of corruption and looting of public assets. However, their political godfathers ensure that they escape strict action...   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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