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Rana Daggubati, Prakash Raj booked for promoting betting apps
The complainant accused the celebrities and the influencers of...
UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India
Anil Wadhwani, Chief Executive Officer, Prudential plc The health...
IP protection: India among most challenging economies, says USTR
While India made meaningful progress to promote IP protection and enforcement in some areas over the past year, it failed to resolve recent and long-standing challenges and it created new concerns for right holders, the report by US Trade Representative said...
90pc states publish draft rules on 4 labour codes, implementation imminent says Bhupender Yadav
The minister also said that the government is working to provide social security to the entire workforce in the country and that is why e-Shram portal or national database of informal workers is being created He informed that as many as 28 crore informal workers are...
Profitability of general insurance sector to improve in FY2023: ICRA
The combined ratio across the industry deteriorated to 119% in 9M FY2022 from 112% in 9M FY2021 with increase in health claims Covid claims accounted for 6% of the total number of health claims paid in FY2021 and are expected to form around 11-12% of the total number...
Bruce de Broize appointed as MD & CEO of Future Generali India Life Insurance
Bruce de Broize, MD and CEO, Future Generali India Life Insurance The appointment follows Generali’s move to consolidate its position in FGILI by completing the transaction to become the majority stakeholder Mumbai: Generali Asia on Wednesday has announced the...
Govt says LIC share sale right-sized to make it sail through
(L to R) MR Kumar, chairman, LIC and Tuhin Kanta Pandey, secretary, Dipam at a press conference in Mumbai to announce LIC IPO “The valuation process itself is essentially a discovery process. Because you don't know what we are comparing it with? Is LIC equal to HDFC...
Govt sets LIC IPO price band at Rs 902-949, Rs 60 discount for policyholders
The issue is set to open on May 2 for anchor investors and will open for subscription on May 4 and close on May 9 Retail investors and employees of LIC are also likely get a discount of Rs 45 on subscribing to the shares of LIC New Delhi: The government has set a...
HDFC Life’s net declines 11% on Covid claims in FY2021-22, to raise capital
Vibha Padalkar, MD & CEO, HDFC Life Insurance With a total premium of almost Rs 46,000 crore up 19 per cent y-o-y, over Rs 38,583 crore recorded in year-ago period, the life insurer’s asset under management (AUM) crossed Rs 2 trillion mark, clocking 17 per cent...
LIC may file preliminary IPO prospectus today, price band on Wednesday
LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata - where they will be meeting potential investors and analysts starting on Wednesday, one of the sources...
Insurtech funding in India jumps to $ 800 million in 2021 from $290 million in 2020 :BCG Report
There has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in United States, 4 in UK, 2 each in India (Acko & Digit Insurance ) & France , 1 each in Austria, Israel & Mexico Jitesh Shah, MD & Partner BCG Asia Pacific...
LIC IPO- likely to open between May 4-9, smaller size risks India’s fiscal deficit target
The LIC board will meet Tuesday to decide the launch dates for its IPO along with the discount to be offered to policyholders, employees and retail shareholders LIC's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower...