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RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as...
Shriram Life Insurance records a net profit of Rs 43 crore in Q3FY25
Total premium income increased by 21 per cent to Rs 1,151 crore...
Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital
Anil Ambani According to the sources, a majority of the bidders, who have submitted EOIs, have bid for the entire company, while the others have bid for one or more subsidiaries of RCL Reliance Capital's subsidiaries include Reliance General Insurance, Reliance Nippon...
SUD Life, Vakrangee join hands to sell insurance policies in smaller towns
Star Union Dai-ichi Life Insurance (SUD Life) will tap customers living in smaller towns and rural areas through a partnership with Vakrangee.SUD Life is a joint venture between Bank of India, Union Bank of India, and Dai-ichi Life Japan. ''With the help of Nextgen...
Global Covid caseload tops 472 mn, fatalities surge past 6.09 mn
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 79,775,780 and 972,603, according to the CSSE The second worst hit country in terms of cases is India (43,009,390 infections and 516,510 deaths), followed by Brazil...
Telemedicine booms in S.Korea amid COVID,President-elect Yoon backs practice
A total 2 million people are under home care for COVID in the country. While there are two doctors per 1,000 people on average in South Korea, only six of 17 cities and provinces meet the average, showing how health care is thinner in many parts This gap in...
LIC IPO: Govt files updated draft papers with Q3 financials
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
92% Indian tax payers within Rs 10 lakh gross total income bracket
The taxpayers' profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income it is...
Ping An posts 29% profit drop on China property woes, but sees losses easing
The insurance group has been shaken in recent quarters by growing concerns about its investments in the highly indebted property sector, which has been hit by a string of developer defaults, credit rating downgrades and slump in shares and bonds SHANGHAI/HONG KONG:...
Generali gets CCI’s nod for increasing stake in Future Generali to 74 pc
Italy’s biggest insurer agreed in January to buy a 25% stake in Future Generali India Insurance from its joint venture partner, debt-laden Future Group, for 145 million euros ($159.37 million), giving the Italian group 74% ownership of the venture New Delhi: The...
DPIIT notifies 20 pc FDI in LIC under automatic route
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.The Union Cabinet had last month approved the decision to facilitate disinvestment of the...
Govt planning mega LIC IPO by mid-May after markets calm down: Report
Life Insurance Corp.’s published embedded value will be valid for the IPO until May as per rules, said the people, who declined to be named as the information is not public yet. A delay beyond that would mean LIC would have to re-calculate the embedded value, a key...