The shift towards customer-centric offerings that address mortality...
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Binance $6.3 billion heist to prompt closer scrutiny by insurers
Insurers are not expected to broadly retreat from the crypto sector...
Foreign investors pump Rs 45,960 crore this week in Indian stock market
Domestic institutional investors (DIIs), in contrast, turned net...
RBI hikes repo rate by 25 bps to 5.5 pc; changes stance to ‘calibrated tightening’
Sanjay Malhotra,Governor, Reserve Bank of India The RBI raised the country's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the strength of economic activity despite global headwinds.It expects inflation at...
Indian insurance and pension segments record fastest growth, up 11.4%, ahead of deposits in 2025: Allianz Report
In India, insurance and pensions grew fastest, up 11.4%, ahead of deposits (9.8%) and securities (6.1%). Nevertheless, like in many emerging economies, deposits still have the highest share in private households’ portfolios, at 40.2%, followed by securities with 32.7%...
New generation of investors transforming India’s wealth ecosystem, says E&Y report
The next wave of growth will come from smaller cities, women investors, young professionals and emerging affluent households, many of whom need guidance as much as they need access,Pratik Shah, National Financial Services Leader, EY India Mumbai: Driven by young...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
NSE’s shareholders retain significant stake even after tendering shares in OFS
The selling shareholders largely comprised institutional investors, who collectively held a 36.82 per cent stake in NSE before the IPO and tendered shares representing a 5.11 per cent stake in the exchange, according to an analysis of data New Delhi: A majority of the...
LIC leads $703mn NSE anchor book
LIC, NSE’s largest shareholder, emerged as the biggest anchor investor, acquiring 2.24 million shares valued at ₹400.3 crore. Societe Generale’s offshore derivative instrument desk picked up 1.77 million shares worth ₹316 crore, while Norway’s Government Pension Fund...
NSE IPO Price Band Set: Rs 1,700-1,785; Opens Sep 17
The IPO will be entirely an offer for sale (OFS) of up to 12.64 crore equity shares by existing shareholders including some state owned insurers , compared with 14.9 crore shares planned earlier. The reduction in the OFS size has brought down the overall issue size...
Equity MF inflows hit 4-Month high in August: AMFI Data
The overall mutual fund industry saw a decline in net inflow to Rs 41,353 crore in August compared to a staggering Rs 2.36 lakh crore in July. This was primarily driven by debt-oriented schemes, which experienced an outflow of Rs 8,127 crore as compared to an inflow...
LIC at 70: Seven Decades of Trust, Protection and Progress
As LIC enters its eighth decade, it stands at the intersection of tradition and transformation. Armed with a robust digital infrastructure, a diversified product suite, unmatched financial might, a strong army of dedicated agents, distribution partners, employees and...
Equity mutual fund AUM touches all-time high in July: NSE
The report also pointed to continued investor participation through systematic investment plans (SIPs). Monthly SIP contributions stood at ₹31,961 crore in July, remaining above ₹30,000 crore for the fifth consecutive month. Cumulative SIP contributions in the first...