The finance ministry has set a record target of Rs 2.5 trillion of...
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Disaster is directly linked to climate change: Amit Shah
This Bill does not infringe on the federal structure. The primary...
New Income Tax Bill to be introduced in monsoon session: FM Sitharaman
The simplification exercise was guided by three core principles...
Max Financial Q4 profit doubles to Rs 144 cr
Max Life’s assets under management (AUM) were at Rs 1,07,510 crore as on March 31, 2022, a rise of 19 per cent over the previous year Max Financial Services Ltd on Tuesday reported a two-fold jump in consolidated net profit at Rs 144 crore for the last quarter of...
Equity MFs see Rs 15,890-cr inflow in April amid volatile stock market
All the equity-oriented categories received net inflows in April with sectoral/ thematic funds category being the biggest beneficiary with a net inflow of Rs 3,843 crore. The segment also saw a launch of a new fund -- ICICI Prudential Housing Opportunities Fund, which...
LIC leads life insurer’s new business premium growth of 84% in April
The largest insurer, state-owned LIC's first year premium or new business premium more than doubled (at 141 per cent rise) to ₹ 11,716 crore as against ₹ 4,856.76 crore in April 2021, the Insurance Regulatory and Development Authority of India (IRDAI) said LIC...
LIC IPO: Grey market premium falls by 90% ahead of listing
In the unofficial market, shares of the insurance major exchanged hands at a minuscule premium of Rs 8-10 per share over the issue price, which is 90 per cent below the premium of Rs 100-105 per share it commanded a week earlier Mumbai: As the much-awaited initial...
Karnataka govt to conduct fire safety audit in 166 government hospitals
In the video conference, Prime Minister Modi had suggested all chief ministers conduct a Fire Safety Audit as incidents of fire accidents have increased due to summer heat Bengaluru: The Karnataka government on Sunday instructed officials to conduct a fire safety...
Cyclone Asani: Several flights delayed, cancelled due to bad weather
Visakhapatnam: The India Meteorological Department (IMD) on Tuesday predicted rainfall and strong winds for three states; Andhra Pradesh, Odisha and West Bengal Visakhapatnam International Airport director Srinivas said that IndiGo has cancelled 23 flights, both...
NSE Academy ties up with RIMS for risk management education
In addition to the certification opportunities, NAL and RIMS will jointly deliver ‘Introduction to Cyber Risk and Data Security’ and ‘Risk Management Techniques’ self-learning online courses. NAL and RIMS also plan to deliver a series of Masterclasses (focused topical...
Visakhapatnam port suspends operations due to cyclonic storm Asani
Cyclone Asani, which formed over the southeast Bay of Bengal, intensified into a severe cyclonic storm on Sunday, as it moved towards the southern state of Andhra Pradesh and the eastern state of Odisha. NEW DELHI: India's Visakhapatnam port will suspend operations...
Jan Suraksha schemes bring insurance, pension within reach of common man: FM
Finance Minister Nirmala Sitharaman Under PMJJBY, a cumulative number of 12.76 crore persons have enrolled since inception for life cover, and families of 5,76,121 persons have received claims for Rs 11,522 crore under the scheme. The scheme has proved extremely...
LIC IPO subscribed nearly 3 times; share allocation on May 12
Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. LIC had fixed the price band at Rs 902-949 per equity share Bidders in LIC IPO will be allocated shares on May 12, and the insurance behemoth...