Search result for 'icici lombard'

ICICI Lombard's net profit declined by 2% to Rs 510 crore in Q4 FY25, while total income rose to Rs 5,851 crore. The company also declared a final dividend of Rs 7 per share.

The Reserve Bank of India has imposed a Rs 1 lakh penalty on Magadh Central Co-operative Bank for failing to comply with KYC guidelines. The bank did not conduct periodic reviews of customer risk...

ICICI Lombard's net profit jumped 68% to Rs 724 crore in Q3 FY25, driven by strong performance. Gross premium income declined slightly, while solvency ratio remained healthy.

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.

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.

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'...

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.

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.

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.

SBI introduces 'MSME Sahaj', an end-to-end digital invoice financing solution designed to streamline and expedite financing for small businesses.

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...

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...

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.

ADB is open to funding India's space sector, focusing on aligning with Sustainable Development Goals (SDGs). The bank is also actively supporting climate finance and renewable energy initiatives in...

ICICI Lombard General Insurance reported a strong Q4 FY24 with net profit rising 18.9% to Rs 520 crore. The company is optimistic about FY25 growth, driven by industry tailwinds and a focus on...

ICICI Lombard General Insurance reported an 18.9% increase in its March quarter net profit to Rs 520 crore. Read more about their financial performance.

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.

Union Minister Parshottam Rupala urges stakeholders to contribute towards developing guidelines for vessel insurance schemes, aiming to replicate the success of the Group Accident Insurance Scheme...

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.

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

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.