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Disclosure norms will increase transparency: Insurers
A day after Irda recommended that insurance firms should make public disclosures, insurers said the move would increase transparency in the sector and allow customers to take informed decisions.

Hit-and-run claims triple in a year
With the number of hit-and-run road accidents seeing a sharp rise last year, non-life insurance companies have seen a three-fold rise in claims settled under the Solatium Fund.

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Nalco to foray into energy sector
National Aluminium Company (Nalco), a leading producer of aluminium in the country, intends to enter the energy sector as an independent power producer.
International Business

Transport bandh hit some CAT students

A few students in Hyderabad could not reach the test centres in time to appear for the Common Admission Test (CAT) today, the penultimate day of the computer-based test, due to the bandh call given by the Telangana Rashtra Samithi, a political outfit fighting for a separate statehood for Telanagana. - IIMs may double CAT window next year - Letters: Global warmers?">Letters: Global warmers? - Markets begin week in red; metals, Reliance drag Sensex - Index may bounce back after consolidation - Reliance Communications: Paisa power">Reliance Communications: Paisa power - Govt probing report of under-declaration of RCom"s revenues A statement issued by TIME, a training institute, said a few students contacted the call centre of US company Prometric, which is implementing the test for admission into the Indian Institutes of Management (IIMs), and were told that all slots for the exam for this year were full and asked them to appear next year. The transport facilities and business activities have been suspended for the second day in the 10 districts of Telangana. This apart, a few students could not take the tests at three computer laboratories at the MVSR Engineering College at Nagargul on the outskirts of the city due to a server error. Prometric chief operating officer Charles Kernan said new appointments had been provided to candidates who either had been unable to take the test or have had a less than complete test experience.


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