The Madras High Court on Thursday stayed the Tamilnadu Mercantile Bank (TMB) from permitting any voting rights based on the "unacknowledged" shares transferred in contravention to the Banking Regulation Act. Justice N Kirubakaran passed the interim order admitting a petition filed by PSPK Maragatharajaapandian, a shareholder.
DLF Pramerica Life’s Aajeevan Samriddhi
Private insurer DLF Pramerica Life Insurance (DPLI) launched an insurance-cum-savings plan — Aajeevan Samriddhi — that aims to help customers protect financial security of their families in their life time. “With the rising cost of living and increasing life spans, customers are looking at products that can address their retirement planning and continued financial protection. The plan provides customers dual benefit of Whole Life Protection till age 99," said DPLI CEO & MD Pavan Dhamija.