Central bank acquired acquired equity stake of 24.91 per cent of...
Category:
Life
Latest
Monsoon Session Of Parliament From July 21 To August 12
The Insurance Amendment Bill, which proposes allowing 100 per cent...
Riskcovry launches first Model Context Protocol server as a distribution platform
Riskcovry, an insurtech infrastructure platform, has launched the...
LIC’s move to sell Reliance Capital’s debt to ARC upsets lenders, bidders
LIC's timing and pricing of selling its Rs 3,400 crore debt of RCAP debt have raised eyebrows. Bidders have alleged a conflict of interest in the sale of LIC debt to ACRE, as both ACRE and LIC are members of RCAP's COC. ACRE has an exposure of Rs 1,350 crore in RCAP...
Aditya Birla Capital, Nippon Life talks fail on merger
Sources said Nippon Life stake would have been diluted to below 10 per cent following merger and Japanese firm is believed to be not comfortable with the idea of losing all the shareholder and the governance rights. Mumbai: Talks between Aditya Birla Capital and...
LIC shares rally over 9 pc as Q2 net zooms multifold
A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped the national insurer LIC on Friday report a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, from Rs 1,434...
LIC net profit jumps 11fold to Rs15,952 crore in Q2
LIC's net premium income rose more than 26 per cent to Rs 1.32 trillion , the company said in an exchange filing Mumbai: A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped national insurer...
Irdai proposes allowing insurers to invest in unlisted companies
IRDAI has sent a proposal to the government to allow buying a more than 10% stake in unlisted firms by insurers, using over 10% of the monies lying in their shareholders fund, policyholders fund, or funds maintained by a reinsurance company, according to the two...
Insurers take up `GST evasion’ issue with Govt, Revenue Secy Bajaj assures fair investigation and no coercive actions
Tarun Bajaj, revenue secretary, ministry of finance The government has said investigations by the Directorate General of GST Intelligence, Mumbai Zonal Unit have revealed that input tax credit of Rs 824 crore has been availed by 16 insurers, out of which an amount of...
LIC buys additional stake in Voltas for Rs 635 crore
LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022 Mumbai: Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per...
Life insurers register 15 pc rise in new biz premium at Rs 24,916 cr in Oct
LIC recorded 18 per cent rise in its new business premium at Rs 15,920.13 crore during the month, as against Rs 13,500.78 crore a year ago The rest 23 players in the private sector witnessed their combined new business premium increasing by 11 per cent to Rs 8,996.45...
Reliance Capital lenders to meet on today to decide on Challenge Mechanism
Some bidders have raised concerns with the Administrator about the introduction of this new clause at this late stage of the bidding process, sources said, adding there was no mention of this mechanism in the Request for Resolution Plan (RFRP) document These bidders...
Joshi takes over as new DFS Secy
Senior bureaucrat Vivek Joshi on Tuesday took charge as the Secretary of the Department of Financial Services (DFS) under the Ministry of Finance. Joshi replaced Sanjay Malhotra who is slated to take over as Revenue Secretary.rior to this appointment, Joshi, a 1989...