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Death claims up 21% in April-June quarter
The life insurance industry has paid around Rs 1,717 crore as death benefit to policy holders between April and June 2009 compared with Rs 1,422 crore during the corresponding quarter last year (an increase of 20.74 per cent), according to Life Insurance Council, the body governing life insurance companies in India.

Sibal may not continue as oil regulator
Caught in the Ambani gas dispute and facing a CBI probe over allegations of favouring Mukesh Ambani-led Reliance Industries Ltd (RIL), oil regulator V K Sibal may not continue as Director General of Hydrocarbons (DGH) from next week.

News of the day

Aban Offshore surges 4% on QIP success
The stock soared to a high of Rs 1,347, and then settled with a gain of 3.8% at Rs 1,341. Around 812,000 shares changed hands at the counter on the BSE today.
Small Business

Bajaj Auto Dec sales soar 85%

Bajaj Auto sold 220,429 two-wheelers in December 2009, registering 85 per cent growth in sales over the same month last year, when it sold 119,215 units, a company release said here today. - Bajaj Auto Dec sales soar 85% - Hero Honda clocks highest growth in 2009-10 - Mahindra to trump Ace with Maxximo - Bajaj phases out more bike models; 4 in 4 mths - Bajaj aims 1 mn-mark with Pulsar 135 LS launch - Bajaj Auto: Yesterday no more">Bajaj Auto: Yesterday no Sensex ends up 35pts For the April-December 2009 period, its total motorcycle sales increased by 17 per cent at 17,94,359 units, against 15,34,149 units in the corresponding period in 2008. In December, Bajaj launched the new Pulsar 135 LS, with an objective of making Pulsar a million-units per year brand, the release added. Bajaj’s three-wheeler sales also went up by 17 per cent, with the company selling 244,655 units during April-December 2009, compared to 209,699 units during the same period in 2008.


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