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SBI Life net rises marginally to Rs 77.6 cr in Mar qtr

SBI Life net rises marginally to Rs 77.6 cr in Mar qtr

by AIP Online Bureau | Apr 26, 2023 | Indian News, Life

The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year Mumbai: SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in...

Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23

by AIP Online Bureau | Apr 26, 2023 | Indian News, Life, Wealth Management/ Philanthropy

As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. Mumbai: Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the...
Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction

Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction

by AIP Online Bureau | Apr 26, 2023 | Indian News, Life, Non-Life

However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC’s judgement in the appeal filed by Torrent Investments Mumbai bench of the National Company Law Tribunal (NCLT) has extended the...
SC sets aside Gujarat HC order to treat Ayurveda physicians at par with allopathy doctors

SC sets aside Gujarat HC order to treat Ayurveda physicians at par with allopathy doctors

by AIP Online Bureau | Apr 26, 2023 | Health, Indian News, Policy

While recognising the importance of Ayurveda practitioners and the need to promote alternative or indigenous systems of medicine, the top court said that it cannot be oblivious of the fact that both categories of doctors are certainly not performing equal work to be...
HDFC Life’s net profit  remains flat at Rs 359 crore in Q4 FY 23

HDFC Life’s net profit remains flat at Rs 359 crore in Q4 FY 23

by AIP Online Bureau | Apr 26, 2023 | Indian News, Life

Mumbai: HDFC Life Insurance reported a smaller-than-expected rise in fourth-quarter profit on Wednesday, as higher expenses more than offset the rise in income from premiums. The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to Rs 359...
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