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Insurance: Kamesh Goyal
I pay an annual premium of Rs 12,000 on a unit-liked insurance plan (Ulip). An agent mis-sold me this policy three years back, but I continued with it. I will be completing the three-year lock-in period soon. Should I surrender this policy? When does it make sense to discontinue an Ulip?

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Tata Power with Norway firm to dev hydropower project
Tata Power and SN Power, Norway’s fast growing international renewable energy company, signed an exclusive partnership agreement to develop joint hydropower projects in India and Nepal.

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S C Kalia takes over as Union Bank ED

State-run Union Bank of India today announced the appointment of Subhash Chander Kalia as its Executive Director. - PNB may acquire majority stake in Kazakh bank - FII-TO-FII TRADES: PNB traded at 7% premium - Union Bank may raise $500 mn overseas - Govt kicks off talks on bank consolidation - Rupee gains 8 paise to 46.22 vs $ - UBI says no rules violated Prior to this, Kalia was serving as the Executive Director of Vijaya Bank. He has also worked with Bank of Baroda in various capacities, a release said. Kalia was instrumental in setting up of Bank of Baroda"s Joint Ventures -- Baroda Pioneer Asset Management Company and Baroda L & G Life Insurance Company, it added.


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