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Resolution primary objective of IBC; but need to be mindful of recovery too: SBI MD Swaminathan J

The primary objective of the Insolvency and Bankruptcy Code (IBC) process is resolution of a distressed firm, but the recovery percentage also needs to be kept in mind, SBI Managing Director Swaminathan J said on Sunday. Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery

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IRDAI | Small Business: IRDAI panel suggests ‘micro insurance’ modules for low-income group, small businesses

A committee appointed by regulator IRDAI has suggested over a dozen low-cost "micro insurance" modules with a view to expand protection plans for uncovered population and small businesses. The committee has suggested that the insurers should be allowed to adopt a modular approach using various permutations and combinations for Combi

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LIC keen to retain some stake in IDBI Bank for bancassurance gains: Chairman

State-owned insurance behemoth LIC has said that it will retain part of its stake in IDBI Bank to reap the benefits of the bancassurance channel. Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chairman MR

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Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite

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Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft's proposed acquisition of the video game company will close.Berkshire now owns about 9.5% of Activision shares, Buffett said at the company's annual shareholder meeting."Occasionally I'll see

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