Search result for 'insurance company'

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.

Indian Markets: Q3 Earnings, Inflation, FII Activity Key

January 12, 2025 10:53

Analysts predict volatile week for Indian markets, driven by Q3 earnings, inflation data, FII trading, crude oil, and US dollar trends.

Laxmi Dental IPO: Rs 314 Crore Raised from Anchor Investors

January 11, 2025 14:28

Laxmi Dental, backed by OrbiMed, raises Rs 314 crore from anchor investors ahead of its IPO. The IPO opens for subscription on January 13th.

US Sanctions Russian Energy Sector, 2 Indian Firms Named

January 10, 2025 22:54

The US has imposed sanctions on two Indian companies for allegedly violating American sanctions on Russia by transporting LNG. The sanctions target over 200 entities and individuals, aiming to...

ASK Property Fund & Sotheby's Launch ₹1,000 Cr Luxury Housing Fund

January 7, 2025 13:45

ASK Property Fund and India Sotheby's International Realty have launched a ₹1,000 crore equity fund for investing in luxury residential projects across India.

Capital Infra Trust IPO: Rs 703 Crore Mobilized from Anchor Investors

January 7, 2025 00:42

Capital Infra Trust, an InvIT sponsored by Gawar Construction, has raised Rs 703 crore from anchor investors ahead of its IPO launch. The IPO opens for public subscription on January 7 and will...

TRAI to Pilot Digital Consent System for Spam Control

January 5, 2025 15:49

TRAI is launching a pilot program to digitize past user consents for commercial communications, aiming to combat spam and offer opt-out options. The regulator is also tightening anti-spam norms and...

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...

FinMin Urges Banks & Insurance to Expedite Grievance Resolution

January 1, 2025 18:18

India's Finance Ministry calls on public sector banks and insurance companies to speed up resolution of customer complaints, emphasizing quality and timeliness.

Health Insurers Disallowed Rs 15,100 Cr Claims in FY24

December 30, 2024 15:49

Health insurers in India rejected claims worth Rs 15,100 crore during FY24, representing 12.9% of total claims filed, as per Irdai data. Learn more about the reasons behind claim rejection and the...

Non-Life Insurance Claims Ratio Dips in FY24: Irdai

December 23, 2024 17:01

India's non-life insurance claims ratio decreased to 82.52% in FY24, according to the Irdai report. The report also highlights industry growth and profit trends.

SEBI Bans 9 Entities in Front-Running Case, Impounds Rs 21 Cr

December 22, 2024 10:49

SEBI has banned nine entities, including PNB MetLife dealer Sachin Dagli, for front-running, impounding illegal gains of over Rs 21 crore. The scheme involved using confidential information to...

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.

Fidelity Sells 1.3% Stake in Granules India for Rs 191 Crore

December 20, 2024 21:12

Fidelity Investments divested a 1.3% stake in Granules India for Rs 191 crore through open market transactions. The shares were sold at an average price of Rs 596 apiece.

Goldman Sachs, Citigroup Invest Rs 210 Crore in Amber Enterprises

December 20, 2024 20:16

Goldman Sachs, Citigroup Global Markets, and four other entities bought 3.45 lakh shares or 1.02% stake in Amber Enterprises for Rs 210 crore through block deals on the NSE.

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...

Kalpataru Projects Raises Rs 1,000 Cr via QIP

December 18, 2024 10:49

Kalpataru Projects International (KPIL) has raised Rs 1,000 crore through a Qualified Institutional Placement (QIP), marking its first equity raise in over a decade. The funds will strengthen the...

Indian Rupee Value Market-Determined: MoS Finance

December 17, 2024 18:56

The value of the Indian Rupee is market-determined, with no specific target, Minister of State for Finance Pankaj Chaudhary informed Parliament. Learn about factors influencing the INR exchange...

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.

Brookfield India REIT Raises Rs 3,500 Crore via QIP

December 13, 2024 11:43

Brookfield India REIT raises Rs 3,500 crore through QIP issue to reduce debt. The issue saw strong demand from institutional investors, including IFC and LIC.

ICICI Bank Partners with CBA for Australia-India Trade

December 11, 2024 22:26

ICICI Bank has partnered with Commonwealth Bank of Australia to facilitate investments, business setup, and trade between the two countries. Read more about this strategic partnership.

Star Health Aims to Double Business in TN

December 10, 2024 19:19

Star Health Insurance plans to double its business in Tamil Nadu over the next four years, with new agents, offices and a customized policy, 'Super Star'.

Shapoorji Pallonji Sells Mumbai Land for Rs 455 cr

December 10, 2024 18:13

Shapoorji Pallonji Group sold a 1,820 sq meter land parcel in Mumbai's Juhu for Rs 455 crore to Agarwal Holdings. The transaction was finalised and registered in November 2024.

Star Health Takes Steps After Data Breach: MD

December 10, 2024 17:32

Star Health Insurance has taken multiple measures to prevent future data breaches following a recent incident where 3.1 crore customer data was leaked. The company is strengthening its security...

Torrent Power QIP Oversubscribed 4 Times - Rs 3,500 Cr Raised

December 9, 2024 19:46

Torrent Power's Rs 3,500 crore QIP was oversubscribed four times, receiving bids of Rs 14,000 crore. The issue was placed with investors like SBI MF, Capital Group, and Norges Bank.

LIC Targets 1 Lakh Bima Sakhi for Women Empowerment

December 9, 2024 18:25

LIC aims to enroll 1 lakh Bima Sakhi in the next 12 months, spending Rs 840 crore on stipends. The program seeks to empower women and expand LIC's reach. Learn more.

Airtel Flags 8 Billion Spam Calls in 2.5 Months

December 9, 2024 13:23

Bharti Airtel's AI-powered network has flagged 8 billion spam calls and 0.8 billion spam SMSes in 2.5 months, identifying 1 million spammers daily.

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...

Galaxy Health Opens First Regional Office in Chennai

December 6, 2024 16:38

Galaxy Health Insurance launches its first regional office and digital sales center in Chennai, aiming to increase health insurance penetration in South India. The company also launched its...

Canara Bank Gets RBI Nod for Life Insurance & MF Stake Divestment

December 5, 2024 22:02

Canara Bank secures RBI approval to divest its stake in Canara HSBC Life Insurance and Canara Robeco Asset Management through IPOs, aiming to reduce ownership to 30% by 2029.

Star Health Insurance Expands in MP: 5,000 Agents, 150 Managers by March

December 5, 2024 19:47

Star Health Insurance to add 5,000 agents and 150 managers in Madhya Pradesh by March 2025 under its expansion plans. The company will open Gramin Bima Kendras in 14 districts.

GST Reduction on Health & Life Insurance: FM's Update

December 2, 2024 15:46

Finance Minister Nirmala Sitharaman says the cost of health and life insurance could decrease if the GST Council recommends a reduction in GST rates on these policies. Learn more about the...

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.

CarDekho Group Turns Profitable in FY24, Posts Rs 37 Cr Profit

November 28, 2024 19:07

CarDekho Group reports Rs 37 crore profit in FY24, a turnaround from losses in FY23. The growth is attributed to its insuretech and fintech platforms, InsuranceDekho and rupyy.

Rs 313 Crore Railway Property Damaged in Accidents: Govt

November 27, 2024 16:50

Indian Railways reported Rs 313 crore worth of property damage due to train accidents in the past five years. The government has implemented safety measures resulting in a significant decline in...

SBI Fundraise Hits Rs 50,000 Cr in FY25: Infra Bonds Drive Growth

November 27, 2024 16:18

State Bank of India (SBI) has raised Rs 50,000 crore in FY25 through a combination of infra bonds, AT1 bonds, Tier 2 bonds, and long-term bonds, attracting strong investor interest.

HDFC Life Data Breach: Assessing Impact - Insurance News

November 25, 2024 17:58

HDFC Life Insurance confirms data leaks and is assessing the potential impact. The company is investigating the cause and taking steps to safeguard customer interests. Read more.

Zomato Joins BSE Sensex, Replaces JSW Steel - Latest News

November 22, 2024 19:56

Zomato will be included in the BSE Sensex, replacing JSW Steel from December 23. This is part of the latest reconstitution announced by Asia Index Private Ltd.

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...

Zopper Raises USD 25 Million in Series D Funding

November 21, 2024 17:47

Insurtech firm Zopper secures USD 25 million in Series D funding led by Elevation Capital and Dharana Capital. The funds will be used to enhance digital infrastructure and expand its insurance...

Irdai Urges Bankers to Focus on Core Jobs, Avoid Insurance Mis-selling

November 19, 2024 20:51

Irdai Chairman Debasis Panda urges bankers to prioritize their core roles and avoid mis-selling of insurance products. He emphasizes the need for a balance in bancassurance, ensuring that insurance...

DIPAM Revises Capital Restructuring Norms for CPSEs

November 18, 2024 21:43

DIPAM issues revised guidelines for CPSE capital restructuring, mandating higher dividend payouts and introducing share buyback options. Learn more about the new norms.

SBI Raises Rs 10,000 Cr Through Infrastructure Bonds

November 18, 2024 17:06

State Bank of India raises Rs 10,000 crore through its seventh infrastructure bond issuance, attracting oversubscribed bids from investors. The funds will be used to enhance long-term resources for...

Cedar-IBSi Capital Invests in Fintech Startups

November 16, 2024 15:48

Cedar-IBSi Capital is investing in 10-15 fintech startups, focusing on companies offering innovative tech solutions for financial institutions. The fund has already made its first investment in...

Galaxy Health Insurance Launches 'Galaxy Promise' Family Health Plan

November 14, 2024 18:48

Galaxy Health Insurance has launched 'Galaxy Promise', an affordable health insurance plan for families, offering sum insured options from Rs 3 lakh to Rs 1 crore. The plan features multiple...

Niva Bupa Shares Surge 6% on Market Debut

November 14, 2024 10:46

Niva Bupa Health Insurance shares debuted on the BSE and NSE with a premium of 6%, reaching Rs 78.50. The company's IPO was oversubscribed 1.8 times.

GIC Re Q2 Profit Up 16% to Rs 1,861 cr - News

November 13, 2024 12:33

GIC Re reported a 16% increase in net profit to Rs 1,861 crore in Q2 FY25, while gross premium declined year-on-year. Read more.

Zinka Logistics Raises Rs 501 cr From Anchor Investors Ahead of IPO

November 12, 2024 22:10

Zinka Logistics, a digital platform for truck operators, has raised Rs 501 crore from anchor investors ahead of its Rs 1,115 crore IPO. The IPO is scheduled for November 13-18.

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.

Sebi Simplifies FPI Registration: Abridged CAF Option

November 12, 2024 19:07

Sebi introduces an abridged CAF for certain FPI categories to streamline registration, allowing applicants to fill only unique fields. This aims to simplify onboarding and reduce information...

LIC Appeals GST Demand in Uttarakhand

November 12, 2024 17:43

Life Insurance Corporation (LIC) has challenged a GST demand of Rs 20.18 lakh by the Uttarakhand tax administration, appealing the order before the state's GST Commissioner.

Eastern India Leads in Retirement Planning: Study

November 12, 2024 16:55

A study reveals Eastern Indians are better prepared for retirement due to higher savings and investment rates compared to other regions in India.

Niva Bupa IPO Oversubscribed: 1.80 Times

November 11, 2024 18:45

Niva Bupa Health Insurance IPO closes at 1.80 times subscription. Retail investors showed strong interest, subscribing 2.73 times. The company aims to strengthen solvency levels with the IPO proceeds.

Simplify Insurance Policies to Reduce Complaints: IRDA Advisory

November 11, 2024 16:03

IRDA advisory panel member stresses on simplifying insurance policy terms and conditions to reduce customer complaints. Learn about the need for clarity and fairness in insurance claims.

LIC to Buy Health Insurance Stake in FY25

November 8, 2024 19:39

Life Insurance Corporation of India (LIC) plans to finalize a stake purchase in a standalone health insurer this fiscal year. LIC's MD and CEO, Siddhartha Mohanty, revealed that the company is...

Niva Bupa IPO Gets 1.17 Times Subscription - Day 2

November 8, 2024 18:11

Niva Bupa Health Insurance IPO received 1.17 times subscription on day 2. QIBs saw 1.50 times subscription, RIIs 1.34 times. The IPO will conclude on November 11.

Shriram Life Insurance Reports Rs 50 Cr Profit in H1

November 8, 2024 16:49

Shriram Life Insurance Company reported a net profit of Rs 50 crore in H1 FY25, driven by strong policy sales. The insurer also expanded its branch network and invested in technology.

Niva Bupa IPO Subscribed 65% on Day 1

November 7, 2024 17:52

Niva Bupa Health Insurance IPO received 65% subscription on day 1, with QIBs subscribing 79% and RIIs 70%. The IPO, priced at Rs 70-74 per share, will conclude on November 11.

Niva Bupa Raises Rs 990 Cr Ahead of IPO

November 6, 2024 22:18

Niva Bupa Health Insurance raised Rs 990 crore from anchor investors ahead of its IPO, which will open for public subscription on November 7. The IPO aims to raise Rs 2,200 crore.

Swiggy Raises Rs 5,085 Crore Ahead of IPO

November 5, 2024 23:23

Food delivery giant Swiggy has secured Rs 5,085 crore from anchor investors ahead of its IPO, indicating strong investor interest. The IPO opens on November 6th.

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...

Healthcare Trust: NITI Aayog Calls for Ethical Practices

November 5, 2024 17:02

NITI Aayog member VK Paul expresses concern over unethical practices in healthcare, urging hospitals and insurance companies to play by the rules and build trust.

Sagility India IPO: Rs 945 Cr Anchor Investor Funding

November 4, 2024 22:28

Sagility India, a healthcare tech services provider, raised Rs 945 crore from anchor investors ahead of its IPO, which opens on November 5th.

Niva Bupa IPO: Rs 2,200 Cr Issue, Price Band at Rs 70-74/Share

November 4, 2024 13:35

Niva Bupa Health Insurance plans to raise Rs 2,200 crore via IPO, setting a price band of Rs 70-74 per share. The IPO opens on November 7 and closes on November 11.

PSU Banks Monetize Rs 4.5 Cr Through Scrap Disposal

November 1, 2024 19:00

Public sector banks and financial institutions have earned Rs 4.5 crore through scrap disposal during a special campaign focusing on space management and environmental initiatives.

Star Health Data Leak: Telegram Accuses Company of Diversionary Tactics

October 30, 2024 22:14

Telegram accuses Star Health of focusing on data leak distribution instead of addressing security vulnerabilities after over 3.1 crore customer data was leaked.

Star Health Q2 PAT at Rs 111.29 cr - Profit, Revenue & Investment Growth

October 30, 2024 14:33

Star Health reports a profit after tax of Rs 111.29 crore for Q2FY25. Gross written premium surged to Rs 4,371.30 crore and investment assets grew by 17.2%.

Sagility India IPO: Rs 2,107 cr Offer, Price Band at Rs 28-30

October 30, 2024 13:01

Sagility India, a healthcare tech services provider, has fixed a price band of Rs 28-30 per share for its Rs 2,107 crore IPO. The offer opens on November 5th and closes on November 7th.

HDFC Standard Life Buys PNB Housing Shares | Rs 90 Crore Deal

October 29, 2024 19:48

HDFC Standard Life Insurance Co. bought over 10 lakh shares of PNB Housing Finance for Rs 90 crore. Asia Opportunities V (Mauritius) Ltd trimmed its stake in the company.

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.

BRICS Boost Trade, Financial Settlement in Local Currencies

October 23, 2024 21:12

BRICS nations agree to strengthen trade and financial settlement in local currencies, explore independent cross-border settlement and depositary infrastructure, and establish a BRICS reinsurance...

SBI Raises Rs 5,000 Cr via Basel III Bonds

October 23, 2024 20:21

State Bank of India (SBI) raised Rs 5,000 crore through the issuance of Basel III-compliant Additional Tier 1 bonds, attracting bids exceeding 3.5 times the base issue size. The bonds carry a 7.98%...

BRICS Nations Boost Trade, Local Currency Settlements

October 23, 2024 19:49

BRICS nations agree to strengthen trade and financial settlement in local currencies, study feasibility of an independent cross-border settlement and depositary infrastructure, and a BRICS...

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.

Sikkim Landslide Damages Teesta-V Hydro Project: NHPC

October 22, 2024 19:31

A major landslide in Sikkim has caused an estimated Rs 327.67 crore in damage to NHPC's Teesta-V Power Station, forcing the project to halt operations.

ICICI Pru Life Profit Rises to Rs 252 Crore in Q2 FY25

October 22, 2024 18:44

ICICI Prudential Life Insurance Company reported a marginal rise of 3% in its net profit to Rs 252 crore in the September quarter, with total income rising to Rs 25,229 crore. The company's assets...

Insurance Conglomerates & Listing: Irdai Chairman's Call

October 22, 2024 15:15

Irdai chairman Debasish Panda encourages more conglomerates to enter the Indian insurance market and urges companies to list for greater transparency and shareholder benefits.

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.

Data Leak Concerns: Irdai Orders IT Audits for Insurers

October 21, 2024 17:39

Insurance regulator Irdai has directed two insurers to conduct IT system audits after concerns over data leaks. The regulator is taking steps to protect policyholders' data.

Niva Bupa, Paras Healthcare Get Sebi Nod for IPOs

October 21, 2024 15:28

Niva Bupa Health Insurance and Paras Healthcare have received Sebi's approval to raise funds through IPOs, with Niva Bupa aiming for Rs 3,000 crore and Paras Healthcare targeting Rs 400 crore.

ACESO Expands Life Insurance Policy Assignment Services

October 18, 2024 17:40

ACESO now offers its innovative ALIP program to policyholders of major private insurers, enabling them to access the full surrender value of their policies while maintaining life cover.

Adani Enterprises Raises $500 Million in Equity Sale

October 17, 2024 19:57

Adani Enterprises, the flagship company of Gautam Adani's conglomerate, has raised $500 million through a qualified institutional placement (QIP) to fund future growth plans. The QIP saw strong...

Havells Q2 Profit Up 7.5% to Rs 268 Crore - Business News

October 17, 2024 16:02

Havells India reported a 7.5% increase in its Q2 net profit to Rs 268 crore, driven by improved consumer demand. Revenue rose 16.38% to Rs 4,539 crore. Read more.

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...

Senores, Sagility Get Sebi Approval for IPOs

October 15, 2024 16:51

Senores Pharmaceuticals and Sagility India receive Sebi's approval to launch IPOs, while Bombay Dyeing's rights issue document is returned. Read more about the details of the IPOs and the...

Hyundai Motor India IPO: Rs 8,315 Cr Raised from Anchor Investors

October 14, 2024 21:59

Hyundai Motor India Ltd (HMIL) raised Rs 8,315 crore from anchor investors ahead of its mega IPO, which opens for public subscription on October 15. The IPO, valued at Rs 27,870 crore, will be the...

Star Health Data Leak: Telegram Removes Bots, Monitors Recreation

October 11, 2024 19:59

Telegram has removed bots sharing sensitive Star Health data and is monitoring for recreation. The leak allegedly involved a senior official selling customer data.

Star Health Data Leak: 3 Cr Customers Affected, CISO Allegedly Involved

October 9, 2024 21:46

A hacker claims to have obtained personal data of 3.1 crore Star Health customers, alleging the company's CISO sold the data. Star Health is investigating.

Sebi Proposes Broker G-Sec Trading via RBI System

October 4, 2024 21:13

Sebi proposes allowing registered stock brokers to trade in government securities (G-Secs) through RBI-managed electronic system, aiming to facilitate retail participation.

Insurance Premium Rise, Agent Commission Cut: IRDAI's Revised Surrender Value

September 30, 2024 17:46

IRDAI's revised surrender value guidelines come into effect on Tuesday, potentially leading to higher insurance premiums or reduced agent commissions. Learn about the impact on policyholders and...

PNB Raises Rs 5,000 Cr via QIP Issue

September 27, 2024 19:10

Punjab National Bank (PNB) has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP) issue, boosting its capital adequacy ratio.

Sebi Simplifies FPI Registration: Abridged CAF Proposed

September 24, 2024 17:21

SEBI proposes an abridged Common Application Form (CAF) for certain FPI categories, aiming to ease onboarding and reduce duplication of information.

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.

Banks to Raise Rs 1.3 Lakh Crore from Bonds: Icra

September 24, 2024 13:17

Slower deposit growth is pushing banks to raise funds from bonds, with an estimated Rs 1.3 lakh crore to be raised in FY25, according to a report by Icra. Public sector banks are expected to drive...

Star Health Data Leak: 3.1 Cr Customers Affected

September 20, 2024 21:08

A cyber security researcher claims a Star Health Insurance official sold personal data of over 3.1 crore customers, including mobile numbers, addresses, and medical conditions. The company has...

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.

Infosys to Drive LIC's Digital Transformation with NextGen Platform

September 16, 2024 10:29

Infosys has been selected by LIC to drive its digital transformation with a NextGen Digital Platform focusing on omnichannel experiences and data-driven personalization.

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.

Western Carriers IPO: Rs 148 Cr Raised from Anchor Investors

September 12, 2024 21:30

Western Carriers, a leading logistics firm, raised Rs 148 crore from anchor investors ahead of its IPO. The IPO will open for subscription on September 13th and close on September 18th.

Goldman Sachs, ICICI Pru Invest in Arvind Fashions for Rs 381 Crore

September 11, 2024 20:07

Goldman Sachs, ICICI Prudential Life Insurance, and Mahindra Manulife MF invest Rs 381 crore in Arvind Fashions through open market transactions. The deal saw Multiples Alternate Asset Management...

PN Gadgil Jewellers Raises Rs 330 Cr from Anchor Investors Ahead of IPO

September 9, 2024 22:31

PN Gadgil Jewellers has raised Rs 330 crore from anchor investors ahead of its IPO. The IPO, which opens on September 10, is expected to raise Rs 1,100 crore.

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.

Bajaj Housing Finance IPO: Rs 1,758 cr from Anchor Investors

September 6, 2024 22:29

Bajaj Housing Finance raised Rs 1,758 crore from anchor investors ahead of its IPO. The IPO will open for public subscription on September 9 and conclude on September 11.

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.

Kross IPO: Rs 150 Crore Raised from Anchor Investors

September 6, 2024 19:44

Auto parts maker Kross Ltd has raised Rs 150 crore from anchor investors ahead of its IPO, which will open for subscription on September 9. The IPO comprises a fresh issue of Rs 250 crore and an...

Flood Relief: PSU Insurers to Expedite Claims in Andhra, Telangana

September 5, 2024 19:17

The Finance Ministry has directed PSU insurance companies to expedite claim settlements for flood victims in Andhra Pradesh and Telangana, organizing special camps and simplifying processes.

Star Health Launches Braille Insurance Policy for Visually Impaired

September 4, 2024 16:23

Star Health introduces Special Care Gold, the first insurance policy in Braille, designed for individuals with 40% or more disability. This initiative promotes inclusivity and accessibility in...

Govt to Amend CPSE Capital Restructuring Guidelines

September 1, 2024 14:13

The Indian government is revising its 2016 guidelines on CPSE capital restructuring, focusing on dividend payments, bonus issues, and share buybacks. The amendments aim to optimize government...

Jio Finance Launches Home Loans: Beta Mode Rollout

August 30, 2024 21:23

Jio Finance is rolling out home loans in beta mode, along with other products like loans against property and loans on securities. The company also discussed its joint venture with BlackRock and...

Baazar Style Retail IPO: Rs 250 Cr Raised From Anchor Investors

August 29, 2024 22:29

Baazar Style Retail, backed by Rekha Jhunjhunwala, has raised Rs 250 crore from anchor investors ahead of its Rs 835 crore IPO. The IPO will open on August 30 and close on September 3.

IndiaFirst Life: First Indian Life Insurer in GIFT City

August 28, 2024 21:29

IndiaFirst Life becomes the first Indian life insurer to commence operations in GIFT City, offering foreign currency-denominated life insurance solutions for international customers.

India's GDP Growth to Slow to 7.1% in June Quarter: SBI

August 26, 2024 18:45

SBI economists predict India's GDP growth to slow to 7.1% in the June quarter, citing softer manufacturing and lower government spending. They also see a space for monetary policy easing.

Insurance Firm Ordered to Pay Rs 225 cr to Maha Farmers - News18

August 24, 2024 17:49

The Central government has ordered an insurance firm to pay Rs 225 crore to 2 lakh farmers in Maharashtra's Parbhani district within a week for pending soyabean crop insurance claims.

Adani Group Sells Ambuja Cements Stake for Rs 4,250 cr

August 23, 2024 19:59

Adani Group promoter offloads 2.8% stake in Ambuja Cements to GQG Partners and other investors for Rs 4,250 crore, reducing promoter holding to 48.1%.

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...

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.

SBI Life Insurance Invests Rs 184 Cr in KIMS

August 20, 2024 22:28

SBI Life Insurance has increased its stake in Krishna Institute of Medical Sciences (KIMS) by purchasing an additional 7.75 lakh shares for Rs 184 crore.

Google Expands AI in India: Language & Agriculture

August 15, 2024 11:40

Google is expanding its AI initiatives in India, focusing on language barriers and agricultural efficiency. The company is launching new tools and programs to support economic development and...

Shriram Life Insurance AUM Hits Rs 11,841 cr in Q1 FY25

August 13, 2024 13:38

Shriram Life Insurance reports a profit of Rs 27 crore in Q1 FY25, with AUM crossing Rs 11,841 crore. The company witnessed a significant growth in new business premiums and individual policies.

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...

Blackstone Sells 33 Crore Nexus Select Trust Units for Rs 4,550 Cr

August 9, 2024 18:52

Blackstone sold 33 crore units in its REIT firm 'Nexus Select Trust' for Rs 4,550 crore through a block deal. The investment firm's stake in Nexus Select Trust will now reduce to 21 per cent.

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...

GIFT City & NFSU Partner for Corporate Forensics Center

August 7, 2024 22:13

GIFT City in Gandhinagar has partnered with the National Forensic Sciences University to establish a 'Centre of Excellence in Corporate Forensics' focusing on international arbitration, fraud...

ICICI Prudential Life Insurance AUM Hits Rs 3.14 Lakh Crore

August 7, 2024 22:12

ICICI Prudential Life Insurance's assets under management have surpassed Rs 3.14 lakh crore, marking a significant milestone. The company has covered 9.84 crore lives and boasts an in-force sum...

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.

Ola Electric IPO Over-Subscribed: Rs 6,145 cr Offer Gets 4.27 Times Subscription

August 6, 2024 19:57

Ola Electric Mobility's Rs 6,145 crore IPO received 4.27 times subscription on the last day of the offer. The IPO will help the company expand its cell manufacturing capacity and invest in R&D.

FirstCry Parent Brainbees Raises Rs 1,886 Cr Ahead of IPO

August 5, 2024 22:36

Brainbees Solutions, parent company of FirstCry, secures Rs 1,886 crore from anchor investors ahead of its initial public offering (IPO), which opens on August 6.

Niti Aayog: Deepening Corporate Bond Markets

August 5, 2024 20:59

Niti Aayog is working on proposals to deepen the corporate bond market in India, aiming to provide an alternative to bank financing for borrowers. The government think tank aims to improve the...

Ola Electric IPO Fully Subscribed: Rs 6,145 Crore Raised

August 5, 2024 18:31

Ola Electric Mobility's IPO was fully subscribed on Day 2, driven by retail and non-institutional investor demand. The IPO raised Rs 6,145 crore, with plans for cell manufacturing expansion and R&D.

Adani Energy Solutions Raises Rs 8,373 Crore via QIP

August 5, 2024 18:28

Adani Energy Solutions Limited (AESL) raises Rs 8,373.10 crore via qualified institutions placement to fund renewable energy infrastructure and improve energy efficiency.

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...

Adani Energy QIP: INQ, SBI, Citigroup Lead Investors - USD 1 Billion Raise

August 4, 2024 12:19

Adani Energy Solutions Ltd raised USD 1 billion through QIP, with INQ Holdings, SBI Mutual Fund, and Citigroup being the top investors. The QIP was oversubscribed six times, signaling investor...

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...

Ola Electric IPO Subscribed 35% on Day 1

August 2, 2024 18:03

Ola Electric Mobility's IPO received a muted response from investors on Day 1, with the issue being subscribed 35%. Retail portion was fully subscribed.

Ola Electric IPO: Rs 2,763 cr Raised from Anchor Investors

August 1, 2024 22:06

Ola Electric Mobility has raised Rs 2,763 crore from anchor investors ahead of its IPO, which opens for public subscription on August 2. The IPO will fund expansion of its cell manufacturing plant...

Druckenmiller Invests in Adani: Energy Unit QIP Oversubscribed 6x

August 1, 2024 19:38

Stanley Druckenmiller's family office invests in Adani Energy Solutions' QIP, oversubscribed six-times with Rs 50,000 crore demand. The investment marks a vote of confidence in the conglomerate.

Farmers' Income Promise a 'Jumla': Cong MP Surjewala - India News

August 1, 2024 18:57

Congress MP Randeep Surjewala slams Modi government's promise to double farmers' income, calling it a 'jumla'. He also criticizes budget cuts and lack of MSP implementation.

Ceigall India IPO: Rs 375 Cr Raised from Anchor Investors

July 31, 2024 21:46

Infrastructure firm Ceigall India has raised Rs 375 crore from anchor investors ahead of its IPO, which opens on August 1. The IPO comprises a fresh issue and an offer for sale.

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.

Akums Drugs Raises Rs 829 cr From Anchor Investors Ahead of IPO

July 29, 2024 22:13

Akums Drugs and Pharmaceuticals has raised Rs 829 crore from anchor investors ahead of its IPO, which will open for subscription on July 30. The IPO is a combination of a fresh issue and an offer...

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.

CPSE Value Creation Focus, Not Disinvestment: DIPAM Secy

July 25, 2024 15:32

India's DIPAM Secretary emphasizes value creation over disinvestment in CPSEs, highlighting improved performance and market capitalization growth. Disinvestment strategy is supportive, not...

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.

Vedanta Raises USD 1 Billion in QIP, Goldman Sachs & Morgan Stanley Invest

July 21, 2024 14:50

Vedanta Limited successfully raised over USD 1 billion through a QIP, attracting prominent investors like Goldman Sachs and Morgan Stanley. The funds will be used to de-leverage the company's...

USIBC Recommends PLI for Media, Entertainment in Budget

July 21, 2024 12:48

The US India Business Council (USIBC) urges India to introduce production-linked incentives for the media and entertainment industry in the upcoming Budget, aiming to position India as a leading...

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.

Vedanta QIP Oversubscribed: Rs 23,000 cr Bids for Rs 8,000 cr Offer

July 18, 2024 15:42

Vedanta's qualified institutional placement (QIP) of Rs 8,000 crore received bids worth Rs 23,000 crore, with strong interest from FIIs and domestic investors. The QIP will help the company...

Financial Services Job Crisis in India: 18 Lakh Jobs Unfilled

July 17, 2024 16:42

India faces unemployability in financial services as 18 lakh jobs went unfilled last year. FPSB India CEO highlights the need for trained professionals, especially CFPs, to meet the growing...

LIC & SBI Outperform: Infrastructure Exposure Drives Growth

July 17, 2024 15:17

LIC and SBI's stock performance surpasses peers due to heavy investment in India's infrastructure sector, while private players focus on tech and consumer sectors. Learn why infrastructure exposure...

Jio Financial Services Q1 Profit Down 6% to Rs 313 Crore

July 15, 2024 20:51

Jio Financial Services reported a 6% decline in net profit to Rs 313 crore in Q1 FY24, with total income rising marginally. The company is expanding into new areas like home loans and wealth...

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...

Q1 Earnings, Global Trends to Drive Market This Week: Analysts

July 14, 2024 10:25

Analysts predict market movement this week will hinge on Q1 results from companies like Infosys and Reliance, global trends, and foreign investor activity. Domestic inflation data and key global...

Q1 Earnings, Global Trends to Drive Market in Holiday Week

July 13, 2024 10:30

Analysts predict Q1 earnings, global trends, and foreign investor activity will influence market movement in a holiday-shortened week. Key events include Infosys and Reliance earnings, China's GDP,...

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.

SBI Raises Rs 10,000 Crore via Infrastructure Bonds

July 10, 2024 16:50

SBI has raised an additional Rs 10,000 crore through infrastructure bonds, bringing its total outstanding long-term bonds to Rs 59,718 crore. The proceeds will be used to fund infrastructure and...

Shriram Life Launches Deferred Annuity Plan for Retirement

July 5, 2024 13:36

Shriram Life Insurance introduces a Deferred Annuity Plan, providing steady retirement income with options for return of purchase price. Learn about the plan's features and eligibility.

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.

Star Health Launches Home Healthcare in 50 Cities

July 3, 2024 19:21

Star Health & Allied Insurance launches Home Health Care service in 50 cities, providing doorstep healthcare. Collaborating with Care24, Portea, CallHealth, Athulya Homecare & Argala, the service...

Star Health Aims to Double GWP to Rs 30,000 cr in 4 Years

July 3, 2024 17:35

Star Health and Allied Insurance Company aims to double its Gross Written Premium to Rs 30,000 crore in the next four years, driven by deeper market penetration. The company has set an internal...

Emcure Pharma IPO: Rs 583 Cr Raised from Anchor Investors

July 2, 2024 22:01

Emcure Pharmaceuticals, backed by Bain Capital, has raised Rs 583 crore from anchor investors ahead of its IPO. The IPO opens for subscription on July 3 and closes on July 5.

Bansal Wire IPO: Rs 223 Cr Raised from Anchor Investors

July 2, 2024 21:49

Bansal Wire Industries, a steel wire manufacturer, has raised Rs 223 crore from anchor investors ahead of its IPO, which is set to open for public subscription from July 3-5.

NaBFID Raises Rs 5,000 Crore via Bonds

July 2, 2024 15:03

National Bank for Financing Infrastructure and Development (NaBFID) successfully raised Rs 5,000 crore through listed bonds, receiving overwhelming response from investors.

Sagility India IPO: Files Draft Papers, Seeks Sebi Nod

July 1, 2024 15:37

Sagility India, a healthcare services provider, files draft papers with Sebi for an IPO. The offer for sale aims to enhance brand image, provide liquidity, and establish a public market for the...

Niva Bupa Files for Rs 3,000 Cr IPO: Health Insurance Giant Goes Public

July 1, 2024 13:22

Niva Bupa Health Insurance, formerly Max Bupa, files IPO papers with Sebi for Rs 3,000 crore, marking a significant move in India's health insurance market.

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.

India's Govt. Liabilities Rise 3.4% to ₹171.78 Lakh Crore - Finance Ministry

June 28, 2024 16:55

India's government gross liabilities increased to ₹171.78 lakh crore at the end of March 2024, a 3.4% rise from December-end, according to the finance ministry.

Fairfax Group Sells 9.7% Stake in CSB Bank for Rs 595 Crore

June 27, 2024 19:58

Fairfax Group divested a 9.7% stake in CSB Bank for Rs 595 crore through an open market transaction, reducing its shareholding to 40%.

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...

Sharda Motor Industries Promoter Sells 8.4% Stake for Rs 499 Crore

June 26, 2024 22:33

Sharda Motor Industries promoter Mala Relan sold 25 lakh shares, representing 8.4% stake in the company, for Rs 499 crore through an open market transaction. The shares were disposed of at an...

Hindustan Foods Stake Sold for Rs 638 Crore

June 26, 2024 21:55

Five entities sold an 11% stake in Hindustan Foods for Rs 638 crore through open market transactions. Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense...

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...

SBI Raises Rs 10,000 Crore for Infrastructure

June 26, 2024 13:59

State Bank of India (SBI) raises Rs 10,000 crore through infrastructure bonds, oversubscribed by four times, to fund infrastructure and affordable housing projects.

Alkem Labs Promoter Sells Shares for Rs 177 Crore

June 25, 2024 19:40

Alkem Laboratories promoter Seema Singh sold 3,58,695 shares for Rs 177 crore through an open market transaction. The shares were acquired by Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF,...

Warburg Pincus, Temasek Sell 13.7% Stake in CarTrade for Rs 535 Crore

June 24, 2024 20:43

Warburg Pincus, Temasek Holdings and JP Morgan Investment divested a 13.7% stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg...

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,...

Stanley Lifestyles IPO: Rs 161 Cr Raised from Anchor Investors

June 20, 2024 22:04

Stanley Lifestyles, a luxury furniture brand, has raised Rs 161 crore from anchor investors ahead of its Rs 537 crore IPO, which opens on June 21. The IPO comprises fresh issuance of shares and an...

Two entities exit Sansera Engg; sell 11.66 pc stake for Rs 750 crore

June 19, 2024 20:14

Two entities, Client Ebene and CVCIGP II Employee Ebene, sold their entire 11.66% stake in Sansera Engineering for Rs 750 crore through block deals on NSE.

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.

Kotak Life Insurance Expands Branch Network | New Protection Plan

June 19, 2024 15:15

Kotak Mahindra Life Insurance plans to open 40 branches across India by September-end, expanding its physical reach. They also launched a new protection plan, Kotak Gen2Gen Protect, offering...

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...

Trai Tackles Fraud & Pesky Calls: Meeting with Financial Regulators

June 14, 2024 22:26

Telecom regulator Trai met with financial institutions to address spam calls and fraud. Measures include dedicated number series and digital consent for promotional calls.

FADA Raises Concerns Over High Auto Inventory, Plans SIAM Talks

June 14, 2024 22:10

FADA, the apex body for auto retailers, expresses concern over high inventory levels and plans to discuss the issue with SIAM. The organization also seeks continuity in FAME-3 policy and...

LIC Denies Health Insurance Entry Plans

June 14, 2024 18:15

Life Insurance Corporation of India (LIC) clarifies that there is no formal proposal to enter the health insurance market, despite recent suggestions for composite licensing.

Bank of America Appoints Rahul Bajoria Head of India, ASEAN Economic Research

June 13, 2024 20:24

Bank of America appoints Rahul Bajoria as head of India and ASEAN economic research, effective September. Bajoria joins from Barclays and will be based in Mumbai.

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.

Company Name
Price
Volume

Vodafone Idea L
8.78 (+ 6.30)
149344164

Srestha Finvest
0.70 (+ 4.48)
23137882

G G Engineering
1.61 ( -1.83)
13895312

Guj. Toolroom Lt
13.95 (+ 4.97)
13247333

GTL Infrastructure
1.92 ( -2.04)
11022131

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