-Rural India’s Protection Quotient rises to 16, up from 12 in IPQ...
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LIC ranks as 4th most valuable Indian brand, ahead of Reliance Industries and SBI, says Brand Finance India report
Top 10 Indian brands post strong double-digit growth led by Tata,...
SBI to deepen employees’ financial understanding; to have bi-weekly yoga sessions for all
"This strategic initiative aims to enhance the depth, quality, and...
Jio Financial Services plans IPO in Oct
Jio Financial Services along with host of various financial services companies will also float one life insurance and one general insurance company Mumbai: Reliance Industries Ltd. is planning to list its digital financial services unit,Jio Financial Services, as soon...
Govt clears Siddhartha Mohanty as chairman of LIC
Siddhartha Mohanty,chairman, Life Insurance Corporation Siddhartha Mohanty, the senior most MD, will be chairman of the LIC till June 29 and after that will be designated as chief executive officer and managing director of the corporation till 7TH June 2025 New Delhi:...
BC Patnaik appointed as member life, IRDAI
Bishnu Charan Patnaik, member, Life, IRDAI ``The Appointments Committee of Cabinet(ACC) has appointed Patnaik as the whole time member(Life) of IRDAI till he reaches the age of 62,’’ said an order from the Department of Personnel and Training New Delhi:...
ICICI Pru Life refutes GST dept contention of tax liability due to input tax credit claims
In a filing to stock exchanges, ICICI Prudential Life said it had last fiscal received an intimation from the Directorate General of GST Intelligence (DGGI) of estimated tax liability to the company ''The company has filed a response refuting the claim,'' it said...
SBI Life net rises marginally to Rs 77.6 cr in Mar qtr
The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year Mumbai: SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in...
Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23
As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. Mumbai: Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the...
Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments Mumbai bench of the National Company Law Tribunal (NCLT) has extended the...
HDFC Life’s net profit remains flat at Rs 359 crore in Q4 FY 23
Mumbai: HDFC Life Insurance reported a smaller-than-expected rise in fourth-quarter profit on Wednesday, as higher expenses more than offset the rise in income from premiums. The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to Rs 359...
LIC’s total premium for fiscal 2023 grew 17% to Rs 2.32 trillion
In terms of new business premiums collected, it continues to hold a market share of 62.58 per cent as on March 2023 Mumbai: The total premium of Life Insurance Corporation of India (LIC) collected for fiscal 2022-23 grew 16.67 per cent to Rs 2.32 trillion from Rs 1.99...
HDFC Life Insurance shares end over 6 pc higher
In a regulatory filing on Friday, HDFC Life Insurance Company has said that Reserve Bank of India (RBI) has permitted HDFC Bank or HDFC to increase their shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to...