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Featured Articles from The Economic Times

NEWS

LIC joins online play with pure term policy 

September 3, 2011 | ET BureauMUMBAI: Life Insurance Corporation will sell its policy through the internet for the first timesoon with the launch of a pure term plan. "We are in the process of designing a pure termproduct which would be sold through both online and through agents," LIC's ED- marketing SRoy Chowdhury. "The rates will be lower than what is charged at the moment," he added. LICcurrently charges higher premium for its term plans than private competitors. For example, a 30-year-old non-smoker has to pay an annual premium of 7,300 for a 25-lakh policy under LIC'sterm plan Amulya Jeevan, while she can buy online policies such as ICICI Prudential's iProtect

for 3,350 and Kotak Life's e-term plan for 2,750.NEWS

BSNL rings in VRS offer of upto Rs 20 lakh per employee 

September 21, 2011 | Kalyan Parbat , ET BureauKOLKATA: State-owned telecom operator Bharat Sanchar Nigam (BSNL) is ready to pay up toRs 20 lakh per employee as part of its proposed voluntary retirement scheme designed to revivethe loss-making company. This is the first time the telco has spelt out the details of the VRSwhich has been under discussion for the past two years. A top company executive told ET that all

BSNL employees above the age of 45 will be eligible for the VRS. The company has set aninternal target of 99,700 employees - comprising Group A (1,483)NEWS

India debuts world's cheapest tablet computer at $35tomorrow 

October 4, 2011 | Harsimran Julka , ET BureauNEW DELHI: The world's cheapest tablet computer, which will be unwrapped on Wednesday,will go on sale in India starting December, the maker of the device has said. Created for use by

students, the tablet will first be made available to colleges at Rs 1,750 apiece ($35). Also check:$35 laptop and its features in pics The tablet, will run on Google's Android platform, with WiFiconnectivity for internet access and cloud storage. It will have 256 MB of RAM, a 2GB SDmemory card, a 32 GB expandable memory slot and two USB ports.NEWS

Sony TV unit suffers fresh blow with faulty sets 

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October 12, 2011 | ReutersTOKYO: Electronics giant Sony Corp suffered a fresh blow on Wednesday after several of itsBravia LCD televisions sets emitted smoke or parts began to melt, a company official said onWednesday. Sony said it will offer free inspection and repairs available to 1.6 million of the TVsets. Sony's television unit is already heading for its eighth straight year of losses, as it battles

fierce competition from Samsung and LG of South Korea. The 11 overheating incidents all took place in Japan, but the faulty parts may affect TV sets sold around the world, the company saidin a news release.NEWS

LED TVs to have 25% share in flat panel TV sales: Samsung 

October 13, 2011 | PTICHANDIGARH: Consumer electronics major Samsung India on Thursday said LED televisionswill constitute 25 per cent of sales of its flat panel TVs in current year on the back of customers'rising demand for high definition TVs. The company also targets to double sales of flat panel

TVs this year. "This year we expect LED TVs will have share of 25 per cent of our total sales of flat panel televisions category," company's Vice President and Head AV Business , Raj KumarRishi told reporters here today.NEWS

Mutual funds are the best option to fulfil your child'saspirations 

October 12, 2011 | Akshay GuptaOver the past two decades, there has been a structural shift in the concept of a family. A large

proportion of joint families has gradually transformed into multiple nuclear families. This shifthas been due to many factors like opportunities across India and the world, the rising purchasingpower and, hence, affordability, higher influence of the western cultures, etc. Despite this shift,the Indian parents' thought process about fulfilling their child's dreams has remained the same.NEWS

DoT cautions BSNL against Chinese vendors for Rs 5,000crore contract 

October 13, 2011 | Joji Thomas Philip , ET Bureau

NEW DELHI: The telecom department has cautioned state-owned BSNL against selectingChinese vendors — ZTE and Huawei — for its Rs 5,000 crore contract for 15 million GSM linesciting concerns raised by the home ministry and the Intelligence Bureau . In its earlier tenders,BSNL had decided that Chinese vendors would only be selected for areas that were not sensitiveand did not share international boundaries with China and...NEWS

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Jeevan Saral vs recurring deposit: what's good, what's bad 

June 8, 2009 | Pallavi Mulay , ET Bureau"Boond boond se sagar banata hai" If one goes by this saying, small but periodic investments cangrow to a large sum at maturity. This is the basic investment logic behind recurring deposit

schemes. Banks and post offices have been offering such schemes in India. LIC, the largest lifeinsurance company in the country, has now joined this club. LIC launched a special plan calledJeevan Saral a couple of years back to cater to such investor needs. Jeevan Saral is nothing butan endowment assurance plan where the policyholder simply has to choose the amount and modeof premium payment.NEWS

Tata Mutual Fund launches Retirement Savings Fund 

October 11, 2011 | ET Bureau

Planning for retirement is an important goal every individual has. Tata Mutual Fund's RetirementSavings Fund plans to offer you a financial planning solution to meet this goal. The fundprimarily targets the young and middle-aged wishing to plan for their retirement. The product:The fund offers three options - progressive plan, moderate plan and conservative plan - withdifferent proportions of equity and debt. The progressive plan, for investors aged below 45, willhave 85% to 100% allocation to equity; the balance, if any, will be invested in debt.NEWS

Sony India offers repair of Bravia TVs amid recall reports 

October 12, 2011 | PTI

NEW DELHI: Japanese electronics major Sony on Wednesday said it is offering customers inIndia to repair defective television sets of 'Bravia' range free of cost as part of its global recallexercise of the product. As per reports, Sony Corp has announced that it will recall 1.6 million of its 'Bravia' LCD televisions across the globe after "several incidents of TV sets emitting smokeor parts melting due to faulty components". "Upon request, Sony India is offering a freeinspection of the affected products.NEWS

Launch of world's cheapest tablet 'Aakash' today, likely tobe sold for $60 in retail 

October 5, 2011 | Harsimran Julka , ET BureauNEW DELHI: You may soon be able to lay your hands on the $35 tablet, in retail stores albeit atalmost double the price. The $35 tablet nicknamed Aakash , will be available at retail stores at amaximum retail price of Rs 2999 ($60), shortly after its launch on Wednesday, said its makerDatawind. New Apple iPhone 4S: Full coverage on the new smartphone "The Rs 3,000 figure isthe 'maximum suggested retail price' of the commercial version of the product which we willoffer with an embedded cellular modem and SIM," said Suneet Singh Tuli, CEO of Datawind,

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