Search result for 'general insurance'

HDFC Bank Q4 Profit Up 7%, Flags Pricing Pressures

April 19, 2025 19:46

HDFC Bank reported a 7% rise in Q4 profit but flagged pricing pressures in home and corporate loans, impacting loan growth. The bank saw a decline in home loan disbursements due to intense...

Patanjali Acquires Majority Stake in Magma General Insurance

April 16, 2025 18:17

The Competition Commission of India (CCI) has approved Patanjali Ayurved's proposal to acquire a 98% stake in Magma General Insurance, marking a significant diversification for the company.

RCap Lenders Withdraw Petition Against IndusInd at NCLAT

March 30, 2025 11:13

Lenders of Reliance Capital have withdrawn their petition against IndusInd International Holdings Ltd at NCLAT after IIHL completed the resolution plan and paid the debt.

Bank of India & New India Assurance Partner for Insurance

March 27, 2025 16:38

Bank of India partners with New India Assurance to offer a wide range of general insurance products to its customers, including health, motor, and home insurance.

IMF Report: India's Financial System Resilient, Diverse

March 24, 2025 20:51

An IMF report highlights India's resilient and diverse financial system, driven by economic growth and well-equipped to handle shocks. Read about the report's findings and recommendations.

Shriram General Wins Fraudulent Motor Claim Case in Madhya Pradesh

March 23, 2025 18:49

Shriram General Insurance Company wins a case against fraudulent motor claim in Madhya Pradesh High Court, exposing a nexus between doctors, lawyers and police officials.

IIHL Takes Control of Reliance Capital, New Board Appointed

March 19, 2025 18:44

IndusInd International Holdings Ltd (IIHL) has taken control of Reliance Capital, completing a three-year resolution process. The company plans to establish bancassurance ties and implement...

Bajaj Finserv Shares Dip After Allianz Stake Acquisition

March 18, 2025 18:21

Bajaj Finserv shares closed over 1% lower after the company acquired Allianz SE's 26% stake in its insurance businesses. The acquisition is subject to regulatory approvals.

Sensex Jumps 1,131 Points, Reclaims 75,000 Mark

March 18, 2025 16:16

The BSE Sensex surged 1,131 points on Tuesday, driven by strong global markets and widespread buying. Nifty also gained 1.45%, with Zomato, ICICI Bank, and Tata Motors leading the rally.

Bajaj Acquires Allianz's Stake in Insurance Businesses for Rs 24,180 cr

March 17, 2025 23:05

Bajaj Finserv acquires Allianz's 26% stake in Bajaj Allianz Life and General Insurance for Rs 24,180 crore, marking the end of a 24-year partnership.

Patanjali & DS Group Acquire Magma General Insurance

March 13, 2025 20:58

Patanjali Ayurved and DS Group have acquired Magma General Insurance from Sanoti Properties for Rs 4,500 crore. The acquisition marks Patanjali's entry into the general insurance sector.

Patanjali, DS Group Acquire Magma General Insurance - Rs 4,500 Crore Deal

March 13, 2025 19:38

Patanjali Ayurved and DS Group will acquire Magma General Insurance from Sanoti Properties for Rs 4,500 crore, subject to regulatory approvals.

Valueattics Re Gets Reinsurer License from Irdai

March 13, 2025 16:40

Valueattics Re, backed by GoDigit promoters, has secured a reinsurer license from Irdai, becoming India's first private reinsurer. The company will operate with an initial paid-up capital of Rs 210...

Bima-ASBA for Insurance: Eliminates Unauthorized Deductions

February 21, 2025 18:24

Irdai's Bima-ASBA facility for insurance premiums aims to eliminate unauthorized deductions, ensure timely refunds, and enhance transparency for policyholders.

Irdai Panel to Implement Insurance Law Amendments

February 20, 2025 20:17

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, including 100% FDI and other changes.

Quality Power IPO Opens: Rs 386 Crore Raised from Anchor Investors

February 14, 2025 09:35

Quality Power, an energy transmission company, has raised over Rs 386 crore from anchor investors. The IPO opens today and closes on February 18th, with a price band of Rs 401-425 per share.

State-owned Insurers Turnaround: Rs 1,066 Cr Profit in Q3

February 13, 2025 22:21

India's public sector general insurance companies (PSGICs) achieved a financial turnaround in Q3 of 2024-25, posting a combined profit of Rs 1,066 crore, driven by reforms and improved performance.

Cholamandalam Financial Holdings Q3 PAT at Rs 1,092.90 cr

February 7, 2025 17:46

Cholamandalam Financial Holdings Ltd reported a consolidated profit after tax of Rs 1,092.90 crore for the October-December 2024 quarter. Total income surged to Rs 8,592.98 crore during the quarter.

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

February 6, 2025 18:19

State Bank of India (SBI) reported a strong 84% jump in its December quarter net profit, driven by a lower base and robust loan growth. However, NIMs narrowed slightly.

India Raises FDI Limit in Insurance to 100%

February 1, 2025 13:24

India's Finance Minister announced an increase in the foreign direct investment (FDI) limit for the insurance sector to 100%, aiming to attract more global players and boost job creation.

Budget 2025: Insurers Expect Tax Benefits, Healthcare Concessions

January 24, 2025 18:41

Insurers are hopeful for tax benefits and concessions in the Union Budget 2025-26, particularly for the insurance and healthcare sectors. They seek measures to promote financial inclusion, enhance...

Go Digit Q3 Net Profit Soars 3-fold to Rs 119 Crore

January 22, 2025 22:12

Go Digit's net profit for Q3 FY25 surged by almost 300% to Rs 119 crore, driven by strong premium growth. Learn more about the company's financial performance.

Godrej Enterprises Targets 20% Growth in Power Infra Business

January 22, 2025 21:10

Godrej Enterprises aims for 20% growth in power infrastructure business driven by renewable energy expansion in key Indian states.

Reliance Capital Delisting: Final Milestone for IIHL Acquisition

January 22, 2025 17:56

IndusInd International Holdings (IIHL) confirms Reliance Capital delisting as the final step towards acquiring the debt-ridden financial firm. The transaction is expected to be completed by...

Reliance Capital Delisting: Shares to Be Removed from Exchanges

January 21, 2025 20:48

Reliance Capital (RCAP) is seeking delisting from stock exchanges as part of its resolution process, following the acquisition by IndusInd International Holdings Ltd. The company has approached BSE...

Avendus Future Leaders Fund III Raises Rs 850 Crore

January 16, 2025 12:21

Avendus Future Leaders Fund III has secured Rs 850 crore in its first close, targeting investments in financial services, healthcare, technology, consumer goods, and manufacturing.

Zurich Kotak Appoints Alok Kumar Agarwal as MD

January 15, 2025 13:56

Zurich Kotak General Insurance has appointed Alok Kumar Agarwal as Managing Director and CEO. He joins from ICICI Lombard and takes charge effective January 1, 2025.

Union Budget 2025: Insurers Seek Tax Benefits & Incentives

January 14, 2025 16:20

Insurers are seeking tax benefits for buyers and incentives for selling policies in the upcoming Union Budget. They hope for measures to boost insurance penetration and make it more affordable.

India's Non-Life Insurance Industry: Double-Digit Growth in 2025

January 2, 2025 12:44

India's non-life insurance industry is poised for double-digit growth in 2025, fueled by regulatory changes, innovative products, and increased penetration. Experts highlight the importance of GST...

GST Council Approves Track 'Trace Mechanism to Curb Evasion

December 21, 2024 21:51

The GST Council approved a Track 'Trace Mechanism for evasion-prone goods, aiming to curb tax leakage. The mechanism will involve a unique mark on goods, enabling tracing throughout the supply chain.

Ventive Hospitality Raises Rs 719 Cr From Anchor Investors Ahead of IPO

December 19, 2024 21:38

Blackstone-backed Ventive Hospitality has raised Rs 719 crore from anchor investors ahead of its IPO, which opens for subscription on December 20. The funding round saw strong demand from mutual...

Carraro India IPO: Rs 375 cr from Anchor Investors

December 19, 2024 21:20

Carraro India, a manufacturer of transmission systems for off-highway vehicles, has raised Rs 375 crore from anchor investors ahead of its IPO opening on December 20. The IPO is an offer for sale...

Senores Pharma IPO: Rs 261 Cr from Anchor Investors

December 19, 2024 21:11

Senores Pharmaceuticals raises Rs 261 crore from anchor investors ahead of its IPO. The IPO opens on December 20 and closes on December 24. Read more.

CAG Finds Rs 194 Crore Loss by Oriental Insurance

December 19, 2024 18:08

The Comptroller and Auditor General (CAG) has flagged a Rs 194 crore loss incurred by Oriental Insurance Company due to improper bidding rates for Pradhan Mantri Fasal Bima Yojna.

Concord Enviro Systems IPO Raises Rs 150 Cr

December 19, 2024 10:51

Concord Enviro Systems, an environmental engineering solutions firm, has raised Rs 150 crore from anchor investors ahead of its Rs 500 crore IPO, which opens for subscription on December 19.

Transrail Lighting IPO: Rs 246 cr Raised from Anchor Investors

December 19, 2024 10:37

Transrail Lighting Ltd has raised Rs 246 crore from anchor investors including ICICI Prudential Mutual Fund and Tata Mutual Fund. The company's Rs 839-crore IPO is open for subscription from...

Sanathan Textiles IPO: Rs 165 Crore Mobilised from Anchor Investors

December 18, 2024 20:21

Sanathan Textiles has raised Rs 165 crore from anchor investors ahead of its IPO. The yarn manufacturer's IPO opens on December 19 and aims to raise Rs 550 crore.

Reliance Nippon Life in Talks with IndusInd Bank for Bancassurance Tie-up

December 18, 2024 17:04

Reliance Nippon Life Insurance is in talks with IndusInd Bank for a bancassurance partnership as the IIHL and RCAP deal nears completion. The partnership is expected to expand Reliance Nippon...

Bajaj Allianz Chooses Snowflake's AI Data Cloud

December 16, 2024 17:49

Bajaj Allianz General Insurance Company selects Snowflake's AI Data Cloud to enhance its data platform, aiming for improved price optimization, fraud detection, and customer experience.

Hinduja Group to Acquire Reliance Capital by Jan-End

December 15, 2024 18:00

IIHL aims to complete the acquisition of Reliance Capital by January 2025 and plans to expand its financial services business to USD 50 billion in 5 years.

IndusInd Bank Celebrates 30 Years, ABB & Yes Bank Launch New Initiatives

December 13, 2024 18:11

IndusInd Bank marks 30 years of operations, ABB partners with PwC for digital transformation, Yes Bank unveils 'Yes Business' for MSMEs, and Zee Learn appoints Mayank Jain as COO.

IGI IPO: Blackstone-Backed Gem Firm Raises Rs 1,900 Cr

December 12, 2024 21:52

International Gemmological Institute (IGI) has raised Rs 1,900 crore from anchor investors ahead of its IPO, which will open for subscription on December 13. The IPO is a combination of a fresh...

MobiKwik IPO: Rs 257 Cr Raised from Anchor Investors

December 10, 2024 21:59

MobiKwik, a fintech firm, has raised Rs 257 crore from anchor investors ahead of its IPO. The company plans to use the funds for growth in its financial services business, payment services, and...

Insurance Amendment Bill: 100% FDI Unlikely in Winter Session

December 8, 2024 14:38

The Insurance Amendment Bill, proposing 100% FDI, may not be introduced in the winter session due to required finetuning. It may be presented in the Budget session instead. The bill aims to...

India to Allow 100% FDI in Insurance Sector

November 28, 2024 20:35

India's finance ministry proposes to raise FDI limit in insurance to 100%, aiming to boost the sector's growth and expand insurance penetration.

Central Bank of India Enters Insurance Biz with Generali

November 22, 2024 16:39

Central Bank of India has received RBI approval to enter the insurance business through a joint venture with Generali group, forming FGIICL and FGILICL. The move follows CCI clearance of the bank's...

Shriram General Insurance Partners with Muthoot Securities

November 12, 2024 21:54

Shriram General Insurance partners with Muthoot Securities to offer insurance products digitally through Muthoot Securities Ltd. Customers can now buy fire, motor, engineering and health insurance...

Shriram General Partners with Muthoot Securities for Insurance

November 12, 2024 21:52

Shriram General Insurance partners with Muthoot Securities to offer general insurance products to Muthoot Securities customers.

Shriram General Insurance to Re-enter Crop Insurance

November 5, 2024 20:22

Shriram General Insurance plans to re-enter the crop insurance market as part of its diversification strategy, aiming to increase its non-motor business contribution. The company also reported...

Sundaram Finance Q2 PAT at Rs 340.09 cr - Business News

November 5, 2024 15:41

Sundaram Finance reported a Q2 PAT of Rs 340.09 crore, down from last year's Rs 366.38 crore. Assets under management grew by 20%.

Chola MS General Insurance PBT Rises 60% to Rs 350 cr

October 29, 2024 12:37

Chola MS General Insurance reported a 60% increase in profits before tax for the six months ending September 30, 2024, reaching Rs 350 crore. The company attributed the rise to non-recurring income...

Surety Bonds: Regulatory Changes Key for Growth - Experts

October 27, 2024 18:21

Experts highlight regulatory changes needed to boost surety bond market in India, aiming to reduce reliance on bank guarantees and drive infrastructure development.

Afcons Infra IPO: Rs 1,621 Cr Mobilized from Anchor Investors

October 24, 2024 22:18

Afcons Infrastructure, a Shapoorji Pallonji Group company, has raised Rs 1,621 crore from anchor investors ahead of its IPO. The IPO opens on October 25 and will raise up to Rs 5,430 crore.

Bajaj Finserv Q2 Profit Up 8% to Rs 2,087 Crore

October 23, 2024 19:12

Bajaj Finserv's consolidated net profit for Q2 FY25 rose by 8% to Rs 2,087 crore, driven by strong growth in total consolidated income. Read more about the company's performance.

Godavari Biorefineries IPO Raises Rs 166 Cr from Anchor Investors

October 22, 2024 21:23

Godavari Biorefineries Ltd has raised over Rs 166 crore from anchor investors ahead of its IPO, which opens for subscription on October 23. The company is a leading manufacturer of ethanol-based...

Allianz Exiting Bajaj Life & General Insurance JVs: Details

October 22, 2024 15:14

Allianz SE is considering an exit from its joint ventures with Bajaj Finserv in life and general insurance. The German insurer is committed to India but looking for alternatives. Read more.

ICICI Lombard Q2 Profit Surges 20% to Rs 694 Crore

October 18, 2024 17:44

ICICI Lombard General Insurance reported a 20% rise in net profit to Rs 694 crore for the second quarter ended September 2024, driven by strong premium growth.

Central Bank of India Acquires Stakes in Future Generali

October 15, 2024 19:26

The Competition Commission of India has approved Central Bank of India's acquisition of stakes in Future Generali India Insurance and Future Generali India Life Insurance. This acquisition is part...

Bima Sugam Appoints Prasun Sikdar as First MD

October 15, 2024 19:00

Bima Sugam India Federation appoints Prasun Sikdar as its first Managing Director & Chief Executive Officer, marking a major step towards revolutionising the Indian insurance industry. The...

Hi-Tech Pipes Raises Rs 500 Cr via QIP - Business News

October 12, 2024 11:49

Hi-Tech Pipes successfully raised over Rs 500 crore through a Qualified Institutional Placement (QIP), attracting leading domestic and global investors.

Hyundai India's Record IPO: Rs 27,870 Cr Offer, Valuation at Rs 1.6 Lakh Cr

October 9, 2024 15:10

Hyundai Motor India to launch India's largest IPO, raising Rs 27,870 crore and aiming for a Rs 1.6 lakh crore valuation. The IPO opens on October 15th.

SBI Sees Rs 4 Lakh Cr Credit Demand, Private Capex to Rise

September 24, 2024 16:13

SBI Chairman C S Setty expects private capital expenditure to pick up in the second half of FY24, driven by a strong Rs 4 lakh crore credit pipeline. The bank also sees renewed government spending.

RBI Unlikely to Cut Interest Rates in 2024: SBI Chief

September 18, 2024 14:42

SBI chairman C S Setty expects no interest rate cuts in 2024 due to food inflation concerns. The RBI will focus on inflation trajectory rather than monthly data.

Northern Arc Capital IPO: Rs 229 Cr Raised from Anchor Investors

September 13, 2024 21:26

Northern Arc Capital, a non-bank financial institution, has raised Rs 229 crore from anchor investors ahead of its IPO, which is scheduled to open on September 16. The IPO will be a combination of...

NHCX Gains Momentum: More Insurers Join for Efficient Claims

September 13, 2024 16:12

The National Health Claims Exchange (NHCX) platform is gaining traction among Indian health insurers, streamlining healthcare claims processing and benefiting insurers, providers, and patients.

Shriram Group to List Insurance Arms in Two Years

September 10, 2024 20:57

Shriram Group plans to list its insurance arms within the next two years, aiming to achieve a certain scale for both general and life insurance businesses.

IFFCO Tokio Appoints Subrata Mondal as MD & CEO - Insurance News

September 9, 2024 12:06

IFFCO Tokio General Insurance has appointed Subrata Mondal as its new Managing Director & CEO. Mondal brings over 36 years of experience in the insurance industry to the role.

AU Small Finance Bank Partners with United India Insurance for Insurance Distribution

September 6, 2024 20:37

AU Small Finance Bank and United India Insurance have partnered to offer general insurance solutions to customers across India, including motor, personal accident, and crop insurance.

GIC Re Offer for Sale Oversubscribed - 3.39% Stake Sold

September 4, 2024 15:34

The government's offer for sale of 3.39% stake in General Insurance Corporation (GIC Re) saw a slow start but was oversubscribed by non-retail investors. The offer for sale (OFS) received bids for...

Govt to Sell 6.78% GIC Re Stake at Rs 395/Share

September 3, 2024 18:52

India government to sell 6.78% stake in GIC Re via OFS at a floor price of Rs 395/share. The offer opens on Wednesday for institutional investors and Thursday for retail investors.

Sebi Approves IIHL's Acquisition of Invesco PMS Business

August 30, 2024 17:19

Sebi has approved IndusInd International Holdings (IIHL)'s acquisition of Invesco AMC's portfolio management services business. The transaction is expected to be completed soon, pending one final...

Surety Bonds for India's Infrastructure Development: Irdai Chairman

August 22, 2024 22:21

Irdai Chairman highlights the crucial role of surety bonds in supporting India's infrastructure development, emphasizing the need to address challenges and foster collaboration. A task force has...

ICICI Lombard Aims for Retail Health Insurance Growth with Innovative Products

August 22, 2024 17:42

ICICI Lombard General Insurance is focusing on product innovation to increase its retail share in the health insurance market, with new offerings like 'Elevate Health' and 'Infinite Claim Amount'...

Bajaj Allianz, HSBC Partner for Bancassurance in India

August 21, 2024 17:58

Bajaj Allianz General Insurance and HSBC India have partnered to offer insurance products and services to the bank's customers in India, providing personalized solutions and enhanced financial...

Central Bank Wins Bid for Future's Insurance Stakes

August 21, 2024 17:21

Central Bank of India has emerged as the successful bidder for Future Enterprises Ltd.'s stake in Future Generali India Life Insurance and Future Generali India Insurance.

Six Sense Mobility Secures Rs 6 Crore Funding from Piper Seria

August 14, 2024 21:45

Six Sense Mobility Ventures raises Rs 6 crore from Piper Seria for team expansion, production capacity, and R&D. Learn more about this funding round and other business news.

Disability Insurance in India: Bridging the Financial Gap

August 11, 2024 12:57

Learn how disability insurance is crucial in India, where many face financial hardship due to accidents and illnesses. Insurance companies are offering innovative solutions to protect income and...

Cholamandalam Financial Reports Q1 FY24 Profit at Rs 1,159.56 cr

August 9, 2024 18:12

Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax of Rs 1,159.56 crore for the April-June 2024 quarter, up from Rs 791.78 crore in the same period last year. The...

Cholamandalam MS General Insurance: Motor Insurance to Drive Growth

August 7, 2024 20:02

Cholamandalam MS General Insurance expects motor insurance to contribute 62-63% of its business by FY24, with strong growth anticipated in health insurance.

Zuno General Insurance Launches Usage-Based Motor Insurance

August 6, 2024 21:34

Zuno General Insurance launches a new motor insurance product in India that uses a mobile app to monitor driving behavior and adjust premiums based on driving scores.

No Merger Plan for Public Sector Insurance Companies: Govt

August 5, 2024 14:25

The Indian government clarifies that there are no plans to merge public sector general insurance companies, despite a previous proposal. Learn more about the latest updates on insurance mergers and...

FinMin Urges State-Owned Insurers to Focus on Profitability

August 4, 2024 18:06

India's finance ministry has instructed state-owned general insurance companies to prioritize profitable business segments and improve profitability, aiming to reduce reliance on government capital...

Wayanad Landslide: FinMin Urges Speedy Insurance Claims

August 3, 2024 16:35

India's Finance Ministry directs public sector insurers to expedite claim payouts to victims of the Wayanad landslide in Kerala. LIC, National Insurance, New India, Oriental, and United India are...

Cashless Treatment for Road Accident Victims: Gadkari

August 1, 2024 16:52

India's government has launched a pilot program in Chandigarh and Assam to provide cashless treatment to road accident victims. The scheme covers up to Rs 1.5 lakh for trauma care under Ayushman...

Star Health Q1 GWP Up 18% to Rs 3,476 cr - Business News

July 31, 2024 16:49

Star Health and Allied Insurance Company reports a strong 18% rise in Gross Written Premium for Q1 FY25, reaching Rs 3,476 crore. The company also saw growth in investments and underwriting profit.

Chola MS General Insurance Q1 GWP at Rs 1,945 cr - 14.3% Growth

July 28, 2024 19:15

Cholamandalam MS General Insurance reports strong Q1 FY24 performance with a Gross Written Premium (GWP) of Rs 1,945 crore, a 14.3% growth over the previous year.

Fortune Wealth Targets Rs 500 cr Multi-Cap Fund

July 26, 2024 22:05

Fortune Wealth aims to raise Rs 500 crore for its multi-cap portfolio fund within 5 months. The fund, launched in June 2024, has already gathered Rs 320 crore.

Bajaj Finserv Q1 Profit Jumps 10% to Rs 2,138 Crore

July 24, 2024 14:29

Bajaj Finserv's net profit rose 10% to Rs 2,138 crore in Q1 FY24, driven by strong performance in its financial services businesses. Read more.

CCI Approves Amazon's 76% Stake in Frontizo

July 23, 2024 22:50

India's competition regulator CCI has cleared Amazon's acquisition of a 76% stake in Frontizo, a company that operates Appario Retail, a major seller on Amazon India.

Kotak Mahindra Bank Shares Plunge 3%, Mcap Drops Rs 12,852 Cr

July 22, 2024 16:53

Kotak Mahindra Bank shares fell over 3% on Monday after a muted profit growth in the June quarter. The bank's market capitalization dropped by Rs 12,852 crore, making it the biggest laggard on the...

Kotak Bank Q1 Profit Surges 79% on Insurance Stake Sale

July 20, 2024 19:30

Kotak Mahindra Bank reported a 79% jump in Q1 profit, driven by a stake sale in its insurance arm and strong subsidiary performance. RBI restrictions impacted standalone growth.

Sanstar IPO: Rs 153 cr Raised from Anchor Investors

July 18, 2024 19:36

Sanstar Ltd, a plant-based speciality products company, has raised Rs 153 crore from anchor investors ahead of its IPO, which opens for subscription on July 19.

Insurance Act Amendment Bill: Key Provisions & Impact

July 14, 2024 13:01

India's government is set to introduce an amendment bill to the Insurance Act, 1938, with provisions like composite licenses and eased capital norms, aiming to increase insurance penetration and...

Banking Sector Reforms: Govt to Amend Laws in Budget Session

July 12, 2024 15:33

The Indian government is expected to introduce amendments to banking laws during the upcoming Budget session to push banking sector reforms, including privatisation of public sector banks.

Union Budget 2024: Health Insurance, Agri-Tech, and MSME Expectations

July 11, 2024 17:11

Stakeholders anticipate tax benefits for health insurance, incentives for agri-tech, and MSME relief in the upcoming Union Budget. Read about key expectations.

Cashe Enters Insurance Broking with Centcart Acquisition

July 10, 2024 17:28

Cashe, a credit-focused fintech platform, acquires Centcart Insurance Broking Services to expand into insurance distribution, aiming to provide personalized recommendations to its 5 crore customers.

IDFC First Bank Raises Rs 3,200 cr from LIC & Insurers

July 4, 2024 21:37

IDFC First Bank raised Rs 3,200 crore by selling shares to six insurance companies, including LIC and HDFC Life. The bank allotted more than 39.68 crore shares for Rs 80.63 per scrip.

Future Generali India to Hire 1% PwD by Dec 2024

June 28, 2024 18:34

Future Generali India Insurance aims to have 1% of its workforce be specially-abled persons by December 2024, showcasing its commitment to diversity and inclusion.

Truecaller & HDFC ERGO Partner for Digital Fraud Insurance

June 27, 2024 15:33

Truecaller and HDFC ERGO have partnered to launch an insurance product that protects users against digital communication fraud in India. The offering provides coverage of up to Rs 10,000 for...

SBI General Insurance Appoints Naveen Chandra Jha as MD & CEO

June 26, 2024 16:01

SBI General Insurance Company has appointed Naveen Chandra Jha as its new Managing Director and Chief Executive Officer, succeeding Kishore Kumar Poludasu. Jha has been with State Bank of India...

FMCG Sector Forecast: 7-9% Growth in 2024 | Report

June 25, 2024 16:15

India's FMCG sector is projected to grow 7-9% in 2024, driven by government initiatives and digital transformation, according to a report. The sector faces challenges, but its resilience and...

SBI to Open 400 Branches in FY25: Chairman Khara

June 23, 2024 11:39

State Bank of India (SBI) plans to open 400 branches across India in FY25, driven by the need for physical presence despite digital growth. The bank aims to expand its network in emerging areas,...

Reliance Gen.Insurance Partners with WebEngage & InfoAxon for Digital Customer Experience

June 20, 2024 17:48

Reliance General Insurance partners with WebEngage and InfoAxon to enhance customer engagement and deliver personalized experiences through digital tools.

Zurich Acquires 70% of Kotak General Insurance for Rs 5,560 Cr

June 19, 2024 16:55

Zurich Insurance acquires a 70% stake in Kotak Mahindra Bank's general insurance arm for Rs 5,560 crore, becoming the first foreign insurer to enter India since 2021 FDI rule changes.

Ahead of IPO, Dee Development Engineers garners Rs 125 cr from anchor investors

June 18, 2024 22:27

Dee Development Engineers Ltd, a piping solutions provider, has raised Rs 125 crore from anchor investors ahead of its Rs 418 crore IPO, which opens on June 19. The IPO comprises fresh issuance and...

SBI to Monetize Subsidiaries After Scaling Up: Chairman Khara

June 16, 2024 13:55

SBI Chairman Dinesh Kumar Khara says the lender will wait for subsidiaries like SBI General Insurance and SBI Payment to scale up before monetizing them. The move aims to increase valuations and...

Paytm General Insurance Withdraws Registration: Focus on Distribution

June 12, 2024 22:21

Paytm General Insurance has withdrawn its registration application with Irdai, focusing on distributing insurance products from other insurers through its subsidiary. The move aims to increase...

Life Insurance Policy Loans Now Mandatory: Irdai

June 12, 2024 17:18

Irdai mandates policy loans for life insurance savings products, extending the free look period to 30 days. The regulator aims to enhance customer experience and satisfaction.

Irdai: No Claim Rejection for Lack of Documents

June 11, 2024 20:47

Irdai has issued a circular stating that general insurance companies cannot reject claims for lack of documents. The circular also mandates customer-centric insurance solutions, including policy...

Sebi Bans 2 Individuals for Front Running, Rs 1.67 Cr Disgorgement

May 31, 2024 22:10

Sebi barred two individuals, Gaurav Dedhia and Kajal Savla, from the securities market for 3 years for front-running trades and directed them to disgorge Rs 1.67 crore in illegal gains.

Reliance General Insurance Accident Policy Covers Loans & EMIs

May 30, 2024 14:40

Reliance General Insurance's new accident policy, Reliance Personal Accident 360Shield, provides comprehensive coverage for hospitalisation, loans, EMIs, and more, offering financial protection to...

Keystone Realtors Raises Rs 800 Cr via QIP

May 28, 2024 17:17

Keystone Realtors, a Mumbai-based realty firm, has raised Rs 800 crore through a Qualified Institutional Placement (QIP). Quant Mutual Fund, SBI Life Insurance and others participated in the issue.

LIC to Enter Health Insurance, Explore Inorganic Options

May 28, 2024 13:37

LIC Chairman Siddhartha Mohanty announced plans to enter the health insurance segment and explore inorganic options. The company is also expecting composite licenses to be permitted, allowing...

Times Network Acquires Digit.in: Tech Publisher Joins Times Group

May 27, 2024 18:56

Times Network expands its digital portfolio with the acquisition of technology publisher Digit.in from 9.9 Group. This strategic move aims to attract new audiences and strengthen the Times Group's...

General Insurance Premium to Reach Rs 3.7 Lakh Cr by FY26: Report

May 27, 2024 18:52

India's general insurance sector is projected to grow by 32% to Rs 3.7 lakh crore by FY26, driven by strong private insurer growth and a recovering motor segment.

Sundaram Finance Q4 Net Profit: Rs 386 cr

May 24, 2024 19:06

Sundaram Finance reported a net profit of Rs 386 crore for Q4 FY24, with total disbursements reaching Rs 26,163 crore. Read more about the company's financial performance and outlook.

Go Digit Shares Debut with 5% Premium

May 23, 2024 10:57

Go Digit General Insurance shares listed on Thursday with a premium of over 5% against the issue price. The stock opened at Rs 281.10 and reached a high of Rs 303.

National Health Claim Exchange Launch in 2-3 Months

May 22, 2024 18:35

The National Health Claim Exchange (NHCX), a digital platform for faster health insurance claims processing, is set to launch in the next 2-3 months. The platform aims to enhance efficiency and...

Shriram General Insurance Q4 Profit: Rs 121 cr, GWP Up 34%

May 22, 2024 18:25

Shriram General Insurance reports Q4 net profit of Rs 121 crore with a 34% growth in Gross Written Premium. The company is expanding its branch network and aiming for 30% GWP growth in FY25.

Mahindra Finance Gets IRDAI Nod to Sell Insurance

May 22, 2024 15:02

Mahindra Finance receives corporate agency license from IRDAI to sell life and general insurance policies, enabling it to expand its services and revenue streams.

Awfis Space Solutions Raises Rs 268 Crore from Anchor Investors Ahead of IPO

May 21, 2024 22:10

Co-working space operator Awfis Space Solutions has raised Rs 268 crore from anchor investors ahead of its IPO, which opens on May 22. The company will use the proceeds to fund expansion and...

Jana Small Finance Bank Partners with SBI General Insurance

May 21, 2024 21:26

Jana Small Finance Bank has partnered with SBI General Insurance to sell non-life insurance products through its network. The bancassurance partnership will facilitate the distribution of insurance...

Go Digit Insurance IPO Subscribed 9.6 Times

May 17, 2024 20:32

Go Digit General Insurance IPO, backed by Fairfax, was subscribed 9.6 times on the final day. The IPO raised over Rs 1,176 crore from anchor investors. Learn more.

Go Digit General Insurance IPO Subscribed 79% on Day 2

May 16, 2024 18:15

Go Digit General Insurance IPO receives 79% subscription on day 2, with retail investors showing strong interest. The IPO closes on Friday.

Insurance Surety Bonds: Rs 3,000 Crore Issued for Infrastructure

May 15, 2024 19:29

Insurance companies have issued over 700 surety bonds worth Rs 3,000 crore, boosting infrastructure development. The Ministry of Finance has made insurance surety bonds at par with bank guarantees...

Go Digit General Insurance IPO Subscribed 36% on Day 1

May 15, 2024 17:43

Go Digit General Insurance IPO received 36% subscription on Day 1, with retail investors showing strong interest. The IPO, which closes on Friday, aims to raise Rs 2,615 crore.

Go Digit IPO Opens: Rs 1,176 Cr Raised from Anchor Investors

May 15, 2024 12:52

Go Digit General Insurance's Rs 2,615 crore IPO opens for subscription. The company raised over Rs 1,176 crore from anchor investors, including Fidelity, Goldman Sachs, and Abu Dhabi Investment...

Aditya Birla Capital Q4 Profit Doubles to Rs 1,245 Crore

May 13, 2024 18:56

Aditya Birla Capital's Q4 profit surged to Rs 1,245 crore, driven by growth across its financial services businesses. The company's consolidated income and AUM also recorded significant increases.

Hinduja Group to Take Over Reliance Capital: IRDAI Approves

May 11, 2024 17:57

IRDAI has given conditional approval to IndusInd International Holdings Ltd for the takeover of Reliance Capital. The deal is expected to be finalized by May 27, 2024.

Irdai Makes Rural & Social Sector Insurance Compulsory

May 10, 2024 22:42

IRDAI mandates insurance companies to fulfill rural, social sector, and motor third-party obligations, aiming to achieve 'Insurance for All' by 2047. Learn more about the new regulations and their...

Cholamandalam Financial Q4 PAT Up 26.9% to Rs 1,143 Cr

May 10, 2024 18:30

Cholamandalam Financial Holdings Ltd reported a 26.9% growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter.

Non-Life Insurance Premium Up 13% in FY24: Rs 2.89 Lakh Cr

May 10, 2024 18:05

India's non-life insurance sector witnessed a 13% rise in premium collection in FY24, reaching Rs 2.89 lakh crore. General insurers collected Rs 2.45 lakh crore, while standalone health insurers...

Go Digit IPO: Price Band Set at Rs 258-272/share, Opens May 15

May 10, 2024 12:32

Go Digit General Insurance, backed by Fairfax, sets IPO price band at Rs 258-272 per share. The IPO opens on May 15 and aims to raise Rs 2,615 crore.

Bharti Enterprises Sells ICICI Lombard Shares for Rs 663 Crore

May 9, 2024 20:51

Bharti Enterprises sold 0.8% stake in ICICI Lombard for Rs 663 crore, reducing its holding to 1.63%. ICICI Bank increased its stake to 51.7% after buying 0.4% stake.

Go Digit IPO: Fairfax-backed Insurer to Launch on May 15

May 9, 2024 12:50

Go Digit General Insurance, backed by Fairfax Group, is set to launch its IPO on May 15. The IPO will consist of fresh issuance and an Offer For Sale (OFS) by existing shareholders.

Indian Pet Insurance Market: Exponential Growth & Experts' Insights

May 8, 2024 16:53

India's pet insurance market is booming, driven by rising pet ownership, veterinary costs & awareness. Learn about the growth, trends & key players in this sector.

Health Insurance Claims Processing Issues: Survey

May 2, 2024 21:23

Survey reveals 43% of health insurance policyholders faced claim processing challenges, including rejections, partial approvals, and lengthy delays. Consumers advocate for regulatory changes.

Star Health Q4 Profit Up 40% to Rs 142 Crore

April 30, 2024 12:51

Star Health and Allied Insurance reported a 40% increase in net profit to Rs 142 crore for the fourth quarter ended March 2024. The company's gross written premium also saw a significant rise.

Cholamandalam General Insurance Reports Rs 7598 Crore GWP

April 28, 2024 16:29

Cholamandalam MS General Insurance Company Ltd recorded a Gross Written Premium of Rs 7,598 crore for FY24, with profit before tax growing to Rs 444 crore. The company's return on equity improved...

RCAP Lenders Urge Hinduja Group to Meet Deadline

April 28, 2024 15:53

Lenders of debt-ridden Reliance Capital (RCAP) have urged Hinduja Group's IndusInd International Holdings to expedite the resolution plan approval process and meet the May 27 deadline.

Cholamandalam Insurance Reports Rs 7598 Crore Gross Written Premium

April 28, 2024 15:39

Cholamandalam MS General Insurance Company Ltd reported Rs 7,598 crore Gross Written Premium for FY24, with profit before tax reaching Rs 444 crore. The company is pursuing a technology...

SBI General Insurance Profit Jumps 30% in FY24

April 25, 2024 17:16

SBI General Insurance reported a 30.4% rise in net profit to Rs 240 crore in FY24, driven by strong growth in overall business and a diverse product portfolio.

SBI General Insurance Profit Jumps 28% to Rs 240 cr in FY'24

April 25, 2024 16:29

SBI General Insurance reported a 28% rise in net profit at Rs 240 crore for the financial year ended March 2024, driven by strong growth in overall business.

Vodafone Idea FPO Aims to Arrest Subscriber Loss

April 17, 2024 19:47

Vodafone Idea CEO confident FPO will help arrest subscriber loss and fund network expansion, aiming to compete with rivals in 5G market.

Vodafone Idea Raises Rs 5,400 Cr From Anchor Investors Ahead of FPO

April 17, 2024 11:07

Vodafone Idea secured Rs 5,400 crore from anchor investors before its FPO, aiming to improve its position in the telecom market and enhance 4G and 5G services.

Vodafone Idea Raises Rs 5,400 cr from Anchor Investors Ahead of FPO

April 17, 2024 09:56

Vodafone Idea has raised Rs 5,400 crore from anchor investors ahead of its Rs 18,000 crore FPO. The telco aims to improve its market position and fund 5G rollout.

SC Defers Driving Licence Law Hearing to July 30

April 16, 2024 20:31

The Supreme Court has deferred a hearing on whether a light motor vehicle licence allows driving heavier vehicles, pending legal amendments. The decision follows consultations between the Ministry...

Sanlam to Raise Stake in Shriram Insurance Firms

April 5, 2024 22:35

Sanlam Ltd plans to increase its stake in Shriram General Insurance and Shriram Life Insurance to over 50% each, boosting its presence in the Indian market.

Go Digit IPO: Fairfax-Backed Insurer Gets Sebi Nod

March 4, 2024 19:41

Go Digit General Insurance, backed by Fairfax, receives Sebi's approval for IPO, raising Rs 1,250 crore through fresh issuance and an OFS. Virat Kohli and Anushka Sharma are among the investors.

JG Chemicals Raises Rs 75 Cr from Anchor Investors Ahead of IPO

March 4, 2024 19:31

JG Chemicals, a zinc oxide manufacturer, has collected over Rs 75 crore from anchor investors ahead of its IPO, which opens for public subscription from March 5-7. The IPO comprises a fresh issue...

Swan Energy Prepays Rs 2,206 Crore Debt - Swan LNG

March 4, 2024 16:01

Swan Energy's natural gas arm, Swan LNG, prepays Rs 2,206 crore debt, reducing its total debt to Rs 1,611 crore. The company expects to save Rs 250 crore in annual interest costs.

Swan Energy Prepays Rs 2,206 Crore Debt

March 4, 2024 15:28

Swan Energy's LNG arm, Swan LNG Pvt Ltd, has prepaid Rs 2,206 crore of debt, reducing its total debt to Rs 1,611 crore and saving an estimated Rs 250 crore in annual interest costs.

RK Swamy Mobilizes Rs 187 cr Ahead of IPO

March 1, 2024 20:28

RK Swamy Ltd, an integrated marketing services firm, has raised Rs 187 crore from anchor investors ahead of its IPO. The IPO will open for public subscription during March 4-6.

ICICI Bank Makes ICICI Lombard Subsidiary: 25 Lakh Shares Bought

February 29, 2024 22:39

ICICI Bank has acquired 25.14 lakh shares of ICICI Lombard General Insurance, making it a subsidiary. The move follows the bank's plan to increase its holding in the insurance company.

Swan Energy Raises Rs 3,000 Cr via QIP

February 29, 2024 16:14

Swan Energy successfully raises Rs 3,000 crore through a qualified institutional placement (QIP) to modernise its recently acquired shipyard and expand operations.

Bharat Highways InvIT IPO: Rs 826 cr raised from anchor investors

February 27, 2024 21:50

Bharat Highways InvIT, an infrastructure investment trust, has raised Rs 826 crore from anchor investors ahead of its IPO. The InvIT plans to utilize the proceeds for loan repayment.

Zurich to Acquire 70% Stake in Kotak Mahindra General

February 23, 2024 22:28

Zurich Insurance will acquire 70% stake in Kotak Mahindra General Insurance for Rs 5,560 crore, increasing its initial stake from 51%.

EPFO Adds 15.62 Lakh Members in Dec: Job Growth, Youth Dominance

February 20, 2024 17:07

EPFO recorded a net addition of 15.62 lakh members in December 2023, with youth (18-25) dominating new joiners. This surge reflects increased employment opportunities and EPFO's outreach.

LIC Q3 Profit Surges 49% to Rs 9,444 Crore

February 9, 2024 21:37

LIC reported a 49% jump in net profit to Rs 9,444 crore in Q3 FY24, driven by higher net premium income. Its AUM also increased to Rs 49.66 lakh crore, registering a growth of 12%.

Entero Healthcare IPO: Rs 716 cr Anchor Investor Funding, Opens Today

February 9, 2024 12:44

Entero Healthcare Solutions raises Rs 716 crore from anchor investors, including Singapore funds. Its IPO opens today with a price band of Rs 1,195-1,258 per share.

LIC Q2 Net Profit Surges 49% to Rs 9,444 Crore

February 8, 2024 22:20

LIC's net profit for Q2 FY24 rose 49% to Rs 9,444 crore, driven by higher net premium income. The insurer's AUM also increased to Rs 49.66 lakh crore.

Jana Small Finance Bank IPO: Rs 167 cr Raised from Anchor Investors

February 6, 2024 21:50

Jana Small Finance Bank has raised Rs 167 crore from anchor investors ahead of its IPO. TPG and Morgan Stanley-backed bank allocates shares at the upper end of the price band.

Parliamentary Panel Suggests Composite Insurance License

February 6, 2024 21:39

A parliamentary panel recommends a composite license for insurers to offer life, general, and health insurance under one entity, aiming to boost insurance penetration in India.

CCI Approves Zurich Insurance's Stake in Kotak Mahindra General Insurance

February 6, 2024 21:31

The Competition Commission of India (CCI) has approved Zurich Insurance Company's acquisition of a 70% stake in Kotak Mahindra General Insurance Company. This transaction involves Zurich acquiring...

Rashi Peripherals IPO: Rs 180 Cr From Anchor Investors

February 6, 2024 20:15

Rashi Peripherals, an ICT distributor, raised Rs 180 crore from anchor investors ahead of its IPO. The company will utilize the funds for debt payment and working capital.

Sundaram Finance Reports Strong Q3 FY24 Results, Focus on Sustainable Growth

February 6, 2024 15:19

Sundaram Finance reports strong Q3 FY24 results, with profit after tax reaching Rs 300 crore. The company emphasizes its commitment to steady and sustainable growth with best-in-class asset quality.

HDFC Bank Gets RBI Nod to Acquire Stake in ICICI Bank & Others

February 6, 2024 12:14

HDFC Bank receives RBI approval to acquire up to 9.5% stake in ICICI Bank, Axis Bank, Suryoday Small Finance Bank, Bandhan Bank, Yes Bank, and IndusInd Bank.

Cholamandalam Financial Holdings Q3 PAT Up at Rs 1,027 cr

February 6, 2024 12:05

Cholamandalam Financial Holdings Ltd reported a consolidated profit after tax of Rs 1,027 crore for the October-December 2023 quarter, up from Rs 720.16 crore in the same period last year. Total...

Park Hotels Raises Rs 409 Crore Ahead of IPO

February 3, 2024 13:37

Apeejay Surrendra Park Hotels Ltd has raised Rs 409.5 crore from anchor investors ahead of its initial public offering (IPO). The company plans to allocate 2.64 crore equity shares to 37 funds at...

Interim Budget 2023: Economists' Reactions

February 1, 2024 20:23

Economists from leading financial institutions weigh in on the Indian interim budget, highlighting key aspects like fiscal prudence, infrastructure spending, and rural development.

Interim Budget 2023: Industry Reactions & Key Highlights

February 1, 2024 18:46

Experts weigh in on India's interim Budget, praising infrastructure focus, fiscal prudence, and support for startups, women, and farmers. Read about key announcements and industry reactions.

Shriram General Insurance Net Profit Soars 51% in Q3

January 30, 2024 17:25

Shriram General Insurance's net profit jumped 51% to Rs 117 crore in Q3, driven by higher premium income, market gains, and improved claims management.

Bajaj Finserv Q3 Profit Surges 22% to Rs 2,158 Cr

January 30, 2024 14:50

Bajaj Finserv's consolidated net profit jumped 22% to Rs 2,158 crore in the December quarter, driven by strong growth in interest income and insurance subsidiaries.

Piramal Enterprises Reports Q3 Loss: RBI Norms Hit

January 29, 2024 18:17

Piramal Enterprises Ltd. posted a Rs 2,378 crore loss in Q3 due to provisions related to RBI norms on alternative investment funds. Learn more about the impact on the NBFC.

Shriram Finance Profit Up, Asset Quality Slips

January 25, 2024 20:42

Shriram Finance reported a 2.3% rise in profit for the December quarter, but asset quality slipped with stage 3 gross assets rising to 8.08%.

Cashless Hospitalization Now Available at All Hospitals: General Insurance Council

January 24, 2024 23:12

General Insurance Council launches 'Cashless Everywhere' campaign, enabling cashless hospitalisation at all hospitals, including non-empanelled ones. Policyholders can now access treatment without...

ICICI Bank Q3 Profit Jumps 25.7% on Lower Provisions

January 20, 2024 20:20

ICICI Bank's net profit soared 25.7% in Q3 to Rs 11,053 crore, driven by lower provisions and strong core business performance. Read more.

ICICI Bank Q3 Profit Surges 25.7% to Rs 11,053 cr

January 20, 2024 19:42

ICICI Bank's net profit for the December quarter jumped 25.7% to Rs 11,053 crore, driven by lower provisions and strong core business performance.

EPACK Durable Raises Rs 192 Cr from Anchor Investors Ahead of IPO

January 18, 2024 21:13

EPACK Durable, a room air conditioner ODM, raised Rs 192 crore from anchor investors ahead of its IPO. The IPO will open on January 19 and close on January 23.

ED Attaches Assets in J'K Insurance Scam

January 18, 2024 18:29

The Enforcement Directorate has attached assets worth over Rs 36 crore belonging to Reliance General Insurance and Trinity Reinsurance Brokers in connection with an alleged insurance scam in Jammu...

Insurance Sector Sees More Listings, M&A in FY24: Moody's

January 17, 2024 17:42

Indian insurance sector is expected to witness more capital transactions, including stock market listings and M&A, to improve capital adequacy and financial flexibility.

HDFC Bank Q3 Profit Rises 2.65%, Sets Aside Rs 1,200 cr for AIFs

January 16, 2024 21:37

HDFC Bank's net profit rose to Rs 17,258 crore in Q3, but the bank set aside Rs 1,200 crore for AIF exposure, impacting overall provisions.

CCI Approves Shriram Group Entities Amalgamation

January 16, 2024 21:12

India's competition watchdog, CCI, has approved the amalgamation of various Shriram Group entities, including Shriram General Insurance and Shriram Life Insurance. The move consolidates the...

ICICI Lombard Q3 Profit Up 22.4% to Rs 431 cr

January 16, 2024 21:02

ICICI Lombard General Insurance Company reported a 22.4% year-on-year growth in net income at Rs 431 crore in the December quarter, driven by higher premium income and market gains.

HR Trends 2024: Data-Driven Hiring, Salary Hikes & More

December 31, 2023 14:21

Discover key HR trends for 2024 including data-driven hiring, diversity & inclusion, salary hikes, and the impact of AI on the workforce.

ICICI Pru Life Faces Rs 270 Cr GST Demand: Details

December 27, 2023 16:54

ICICI Prudential Life Insurance has received a Rs 270 crore GST demand notice from Maharashtra authorities for alleged short payment in 2017-18. The company plans to appeal the order.

ICICI Lombard Faces Rs 5.66 Crore GST Demand

December 27, 2023 14:38

ICICI Lombard received a GST demand notice of over Rs 5.66 crore for alleged short payment. The company plans to appeal the order.

Flood Insurance Claims Camps in Tamil Nadu: FM

December 22, 2023 15:51

Finance Minister Nirmala Sitharaman announced special camps for flood insurance claims in 4 Tamil Nadu districts after cyclone Michaung. Learn about the claims process and relief efforts.

Mufti Owner Raises Rs 165 Crore Ahead of IPO

December 18, 2023 21:00

Credo Brands Marketing, the owner of denim brand Mufti, has raised Rs 165 crore from anchor investors ahead of its IPO. The IPO, which opens on December 19, is expected to fetch up to Rs 550 crore.

Cyclone Michaung: Irdai Eases Claim Settlement Norms

December 18, 2023 20:31

Insurance regulator Irdai has eased claim settlement norms for victims of Cyclone Michaung, increasing the monetary limit for surveyors to expedite claims.

Reliance General Insurance Launches Global Healthcare Policy

December 16, 2023 15:51

Reliance General Insurance introduces Reliance Health Global, offering comprehensive healthcare coverage worldwide, including overseas treatment, travel, accommodation, and emergency assistance.

Suraj Estate IPO Raises Rs 120 Cr from Anchor Investors

December 15, 2023 21:48

Suraj Estate Developers has raised Rs 120 crore from anchor investors ahead of its IPO, which will open for public subscription on December 18. The IPO is entirely a fresh issuance of equity shares...

Cyclone Michaung: FM Assures Help to Impacted MSMEs

December 13, 2023 22:59

Finance Minister Nirmala Sitharaman meets MSMEs affected by Cyclone Michaung, assuring speedy insurance claim processing and support.

Cyclone Michaung Damage: FM Assures TN Industry Support

December 13, 2023 22:36

Union Finance Minister Nirmala Sitharaman met with Tamil Nadu MSMEs affected by Cyclone Michaung, promising speedy insurance claim disbursement and support.

SBI General Launches Helpline for Flood-Affected Customers in Tamil Nadu

December 8, 2023 16:26

SBI General provides emergency helpline and fast-track claim processing for customers affected by Cyclone Michaung floods in Tamil Nadu. Contact 1800 102 1111 or email customer-care@sbigeneral.in.

Universal Sompo Insurance Sees 47% Growth in TN PMSBY

November 26, 2023 16:52

Universal Sompo General Insurance, a partner in PM Suraksha Bima Yojana, insured 21 lakh people in Tamil Nadu in the first six months of FY24, with a 47% growth.

Universal Sompo General Insurance: 47% PMSBY Growth in TN

November 26, 2023 16:50

Universal Sompo General Insurance has insured 21 lakh people in Tamil Nadu under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) in the first half of FY24, marking a 47% rise.

Private Insurers Gain Market Share in H1'FY24

November 26, 2023 15:30

Private general insurers in India increased their market share to 53.58% in H1'FY24, driven by strong growth in gross direct premiums. Learn more about the key trends in the non-life insurance sector.

Sundaram Finance H1 FY'24 Profit Up 22% to Rs 648 Cr

November 6, 2023 21:08

Sundaram Finance's net profit for H1 FY'24 surged 22% to Rs 648 crore, driven by record disbursements. Assets under management also grew significantly.

Protean eGov Tech IPO: Rs 143 Cr Raised from Anchor Investors

November 3, 2023 22:02

Protean eGov Technologies, formerly NSDL E-Governance Infrastructure, has raised over Rs 143 crore from anchor investors ahead of its Rs 490 crore IPO opening on November 6. The IPO is a pure offer...

Company Name
Price
Volume

Vodafone Idea L
7.32 (+ 0.69)
51391136

Sharanam Infra
0.61 (+ 3.39)
17951020

GTL Infrastructure
1.49 ( 0.00)
17675604

Vikas Lifecare
2.60 ( -9.41)
17580849

YES Bank Ltd.
18.09 (+ 1.23)
11801097

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