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"The JV has applied for a preliminary licence to the regulator and it will start with more than 300 crore of initial investment," said a source aware of the plans. Another insurance veteran, V Jagannathan, the founder of Star Health and Allied Insurance Company, has also sought to set up a standalone health insurance company, as reported earlier.
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The Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December.
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The survey by law firm Khaitan & Co shared exclusively with ET, showed that companies will use domestic arbitration for both small disputes (75%) and large disputes (85%) over any other dispute resolution mechanism.
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A key reason for the underperformance was that the stocks, which appreciated well in the benchmark index, were missing in the portfolio of the majority of the schemes. "In 2023, the markets were driven by liquidity. A large number of stocks went up irrespective of fundamentals. Since mutual funds avoided such momentum stocks, their returns lagged that of the benchmark," said a fund distributor on condition of anonymity.
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The companies that could be blacklisted include chipmakers Qingdao SiEn, SwaySure, and Shenzhen Pensun Technology Co., or PST, the people said, asking not to be named because they werent authorized to discuss non-public information. Biden officials are also weighing sanctions on Chinas leading memory chipmaker, ChangXin Memory Technologies Inc.
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