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Hong Kong’s Peak Re receives license to open office in GIFT-IFSC
Peak Re, the fourth reinsurer to get a license, has a total global...
NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release...
LIC IPO day 4: Total subscription at 1.66 times, NII portion fully booked
However, the Qualified Institutional Buyer (QIB) category received a poor response as just 0.67 per cent of the shares earmarked received the bids on the fourth day of the IPO Mumbai: Shares reserved for non-institutional investors, including high networth...
LIC IPO’s retail portion fully subscribed on day 3; offer closes on Monday
Retail individual investors bid for 8.53 crore shares as against 6.9 crore shares set aside for this segment -- translating into oversubscription of 1.23 times Of the total, the policyholders' portion was subscribed a little over four times, while that for employees...
Nearly 15 million deaths directly or indirectly linked to COVID-19
“The United Nations system is working together to deliver an authoritative assessment of the global toll of lives lost from the pandemic. This work is an important part of UN DESA’s ongoing collaboration with WHO and other partners to improve global mortality...
Future Group sells 25 pc stake in FGIICL to JV partner Generali for Rs 1,266 cr
As part of the deal, Generali has an option to buy out FEL’s remaining interest in FGIICL ''directly or through a nominee'' at an agreed valuation, subject to applicable regulatory approvals, FEL had said earlier New Delhi: Debt-ridden Future Group on Thursday said it...
LIC IPO fully subscribed on day 2; offer closes on May 9
Retail individual investors picked up nearly 93 per cent of the 6.9 crore shares set aside for this segment Of the total, the policyholders' portion was subscribed a little over three times, while that for employees was subscribed 2.21 times Mumbai: LIC's public...
LIC IPO is credit positive for India’s life insurance sector
``We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO. We believe the presence of foreign stakeholders will bring particular benefits in the areas of capital adequacy, financial flexibility and...
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
Retail Individual Investor category picked up nearly 60 per cent of the 6.9 crore shares set aside for this segment However, demand from qualified institutional buyers (QIBs) and non-institutional investors was muted. The non-institutional investors' portion was...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
LIC owns 4% of all listed stocks in India, more govt bonds than the RBI
With Rs 6 lakh cr market cap on a PAT of Rs 3,000 crore makes a PE ratio of 200x. In our view PE ratio is not comparable with private players as LIC's distribution policy is now changed and higher allocation towards shareholders account in upcoming future to rise and...
Delhi HC again adjourns `Singh-BBB’ case to May 19
Inderjeet Singh, general manger, New India Assurance(NIA), has gone to Delhi HC on the issue of appointment of Satyajit Tripathy (who is currently CMD, United India Insurance (UII)) by the government on the basis of recommendation of the Banks Board Bureau(BBB)...