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Irda likely to relax cap on Ulip charges
Insurers want mortality charges outside the ceiling

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Marine cargo premium income growth falls to 3%
Low economic activity and unwillingness by insurers to underwrite loss-making portfolios led to a fall in business for segments such as marine cargo and health.

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UBI files DRHP for IPO to raise Rs 50 cr
Kolkata-based United Bank of India (UBI) has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), for an initial public offering (IPO), with the issue size of Rs 50 crore.
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Indian retailers' earnings to come under pressure: Macquarie

A stuttering GDP growth and high-base effect are likely to push same store sales (SSS) growth and profitability of Indian retailers in the red zone for the January-March 2009 quarter, research firm, Macquarie, said. "Year-on-year trends in SSS growth and profitability are likely to remain under pressure due to a high base effect. Q1 09 (January-March 2009) results for the retail sector are, therefore, likely to be subdued," Macquarie said in a report.


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