Public sector general insurance firms are losing market share because of delayed merger plans and appointments. According to the latest data from the Insurance Regulatory and Development Authority of India (Irdai), four public sector general insurance companies had a market share of 44.64 per cent as of June 2018, compared to 49.65 per cent a year ago.

The Securities and Exchange Board of India (Sebi) is looking at the prospect of allowing mutual funds (MFs) to make use of covered calls as part of their equity strategy.

Covered calls are an options strategy where an investor holds a long position in an asset and writes (sells) call options (having the right but no obligation to buy) on that same asset to generate an income stream.

SBI Life Insurance, a JV between State Bank of India and BNP Paribas Cardiff S. A., is targeting to grow its new business premium (NBP) by 25 per cent in 2018-19.

The growth will be driven by Ulip and pure protection products.

A section of Air India pilots have threatened to stop operations if their flying allowance dues are not paid immediately.

Alleging that while the salaries and perks of other employees are paid in full albeit with a delay, the same for the pilots and cabin crew are "ignored", despite the fact that flying allowances of these two licenced categories of employees form a major chunk of their salaries.

Idea Cellular on Friday said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished "all major rights" including that of nominating a director on the board.

Idea's statement comes at a time when the telecom firm has received the government's approval for merger with Vodafone.

Microsoft India and Apollo Hospitals have partnered to build an artificial intelligence-powered platform, designed to predict the risk of Cardiovascular Disease (CVD) in the Indian population. Under the collaboration, which is part of Microsoft’s AI Network for Healthcare initiative, the two entities have launched an AI-powered Cardiovascular Disease Risk Score API (application program interface)

Idea Cellular today said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished “all major rights” including that of nominating a director on the board. Idea’s statement comes at a time when the telecom firm has received the government’s approval for merger with Vodafone. The combination is set to create the country’s largest mobile phone operator worth more than USD 23 billion with a 35 per cent market share.

India's Bharat Petroleum Corp Ltd will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, two industry sources said on Friday.

When contacted, a BPCL spokesman could not immediately confirm the duration of the shutdown, saying that a decision will be made in one to two days.

Ashok Leyland has won an order of 300 double-decker buses from Bangladesh Road Transport Corporation (BRTC).

Leyland has to deliver the order within eight months.

Vinod K. Dasari, Managing Director of Ashok Leyland, said Bangladesh is one of the key export markets and this order further strengthens the company's position.

Shares of ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE in early morning trade, extending gains of the past 4 weeks after the company’s June quarter net profit beat the Street estimates.

The stock of fast moving consumer goods (FMCG) company was the largest gainer among the S&P BSE Sensex at 09:38 am. It outperformed the market by surging 17% in past one month, as compared to a 4% rise in the benchmark index.

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