Newsmakers: First major crop insurance scheme, Premji most generous Indian and more

Key business news events for the day

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Azim Premji most generous Indian for third year: Report  Azim Premji, who donated Rs 27,514 crore for education is the Most Generous Indian for the third year running followed by Nandan Nilekani and Narayana Murthy in the second and third place, respectively. As per the Hurun India Philanthropy List, which is a ranking of the most generous individuals from India, 70-year old Azim Hashim Premji was named as the most generous Indian as he donated Rs 27,514 crore for education.

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Maruti releases first sketch of its compact SUV Vitara Breeza Maruti Suzuki has released the broad sketches of its upcoming compact sports utility vehicle (SUV), branded as Vitara Breeza that would make its global debut in the Auto Expo in Greater Noida next month. The much-awaited super compact SUV from Maruti Suzuki Brezza, that means "fresh breeze" in Italian is expected to compete with Ford EcoSport and Mahindra's upcoming KUV100, along with crossover models like Honda Mobilio.

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RIL to connect small entrepreneurs in Bengal: Mukesh AmbaniReliance Industries chairman Mukesh Ambani said the company would partner small entrepreneurs of West Bengal by providing them connectivity. "In the next phase, we will partner with the small entrepreneurs of the state by providing them with connectivity," Ambani said at the opening of the two-day Bengal Global Business Summit in Kolkata.

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Govt to launch first major crop insurance scheme in 2016/17 The government will launch its first major crop damage insurance scheme for farmers in the fiscal year starting April 1, Agriculture Minister Radha Mohan Singh said, in what could be Prime Minister Narendra Modi's first significant move to address the distress plaguing the country's agricultural sector.

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Sensex gains post China rout, but ends below 25KSnapping four-day long losing streak, the S&P BSE Sensex rose 82 points, but ended below its crucial psychological level of 25,000 in trade, while broader CNX Nifty closed just a tad above its key support level of 7,600. The headline indices gained tracking positive trend seen in Asian markets as Chinese shares rallied in volatile trading after the government suspended the stock market "circuit breaker" mechanism and the central bank moved to stabilize the yuan with its reference rate.