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Chinese firm Tencent sells 2.1% in PB Fintech for Rs 1,668 crore; SBI MF, SocGen pick up stake

by AIP Online Bureau | Aug 29, 2024 | Indian News, Intermediaries, Technology

The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent’s sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent New Delhi: Chinese conglomerate...
Mpox emergency may add to economic, fiscal challenges in some African sovereigns: Fitch

Mpox emergency may add to economic, fiscal challenges in some African sovereigns: Fitch

by AIP Online Bureau | Aug 29, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Policy, Risk Management

In most of African countries , the number of confirmed mpox cases is very low, often in the single digits. However, there could be underreporting in some countries and the emergency declaration highlights the potential for case numbers to rise sharply, bringing the...
LIC pays Rs 3662 cr dividend cheque to Sitharaman

LIC pays Rs 3662 cr dividend cheque to Sitharaman

by AIP Online Bureau | Aug 29, 2024 | Indian News, Life

(L toR) M P Tangirala, additional secretary, Department of of Financial Services, Siddhartha Mohanty, CEO & MD, LIC, Nirmala Sitharaman, Union Minister of Finance, M Jagannath, MD, LIC LIC also paid interim dividend of Rs. 2441.45 crores on 1st March 2024, thus...
India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief

India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief

by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to build a financial system that serves the broader society, it was essential to give priority to digital financial inclusion. While significant strides have been made in expanding financial inclusion, the...
GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart

GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart

by AIP Online Bureau | Aug 29, 2024 | International News, Non-Life, Reinsurance

In AM Best’s `World’s 50 largest reinsurers in 2023’, Munich Re is the largest IFRS 17 reporting  reinsurer followed by Hannover Re and  SCOR Re. Swiss Re is the largest non-IFRS 17 reporting reinsurer globally,  followed by Berkshire Hathaway and...
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