ALLIANZ GROUP
Euro 2024: Schedule, groups and all you need to know about the European Championship
The quadrennial tournament begins on Friday night in Germany with six groups of four teams, with each team playing the other three in their group once. The top two teams in each group, as well as the four best-performing third-place teams, will advance to the round of 16, with the finals on July 14.
European shares slip as energy counters weigh
European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank's interest rate decision later this week.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
GIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr
In May 2023, ET first reported that global insurance and asset management major Allianz Group and Shapoorji Pallonji Group were looking to exit the IT Special Economic Zone (SEZ) property and that GIC had emerged as the frontrunner to acquire the 2.4-million-sq-ft asset.
Euro 2024 live in USA: Schedule, fixtures, matches, venues, teams, groups, how to watch
Euro 2024 schedule, fixtures, squads, venues, teams, groups details are out. The matches will also be live telecast in the US.
Allianz Partners becomes first foreign reinsurer to launch operations in GIFT City
Allianz Partners launched IFSC Insurance Office at GIFT City, becoming the first foreign reinsurer. AWP P&C SA aims to transform India's reinsurance landscape, catering to diverse customer segments. Tapan Ray highlights international players collaboration, GIFT City's strategic advantages.
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The rise & rise of new-age stock brokers; and other top tech, startup stories this week
A crop of tech-first stockbrokers is not only leading from the front in adding new customers, they’re also generating strong revenues and profits. These stock-broking platforms, which have diversified beyond stock trading to position themselves as full-fledged financial services firms, have left behind the traditional players in terms of user sign-ups.
Ahead of IPO, EPACK Durable mobilises Rs 192 crore from anchor investors
Those that participated in the anchor bidding are -- Societe Generale, Copthall Mauritius Investment Ltd, Integrated Core Strategies (Asia) Pte Ltd, SBI Life Insurance Company, SBI General Insurance Company, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Aditya Birla Sun Life Insurance Company and HDFC Mutual Fund.
Bajaj Allianz Life’s AUM crosses Rs 1 lakh crore mark
“A 1.8 times growth in its AUM, from Rs 56,085 crores in FY2020 to over Rs 1,00,000 crore in the current financial year is reflective of this growth trajectory,” the company statement said.
To improve productivity, leaders have to help millennials and Gen Z meet life goals
A recent report from Bajaj Allianz Life Insurance quantifies and highlights the change in these goals over the last few years. The report — Life Goals Preparedness Survey 2023 — covered 839 millennials in the 22-55-year age group in 8 cities.
Planning a trip to Bali? Here's everything you need to know
Bajaj Allianz General Insurance's Bali-specific travel insurance policy covers a wide range of other travel-related risks, including trip cancellations, interruptions, lost belongings, medical emergencies, and more.
If you don't have trust in insurance, then what must you do?
Insurance has existed since the earliest forms of civilization, with humans and animals alike forming groups to protect and support each other. Over time, the insurance industry began selling insurance based on fear rather than the underlying principle of collective well-being. Insurance is essentially a mechanism for caring for each other, extending support to people beyond our immediate circles. It is about individuals and communities coming together to mitigate risks and build a well-protected society.
Godrej Fund set to sell 3 floors in BKC project for Rs 900 crore
The deal for nearly 200,000 sq ft office space is expected to be concluded soon as both the entities have inked the term sheet and the due diligence for the property is in process. These three floors are currently leased to entities including global financial major Carlyle Group, oil refining company Nayara Energy and alternative investment firm Investcorp at an average lease rental of over '330 per sq ft.
ETtech In-depth | Conglomerates get a taste of tech
The in-house technology arms of Indian companies such as TVS, Shriram Group, Motherson, ITC, Godrej and even Patanjali Group are extending their services to external firms including some MNCs.
Medtech companies still in talks with insurers to get their treatments covered
Despite a directive from the insurance regulatory authority in 2019 that modern medical treatment be covered under insurance policies, medtech companies say they still face some obstacles in getting their technology covered under a few companies’ plans. Insurance consultants, who are helping facilitate the dialogue between medtech and insurance companies, told ET that this may be because of ambiguity in the wording of the directive from Insurance Regulatory and Development Authority of India (IRDAI).
Warehousing supply across 8 primary markets likely to grow 13-15% in FY24, says ICRA
The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.
GIC buys Phoenix's Hyderabad IT Park for Rs 1,050 crore
Singapore's sovereign wealth fund, GIC, has purchased an information technology-special economic zone in Hyderabad's Gachibowli district from Phoenix Group for $141m. The deal includes the entire development of Phoenix Aquilla, which has two towers that are spread over 1.8 million sq ft. The first tower, covering 700,000 sq ft, has already been completed and leased.
Allianz-Shapoorji looks to exit Hyderabad's IT SEZ Waverock for Rs 2,000 cr
Allianz Group and Shapoorji Pallonji's entity plan to sell their 2.5 million sq ft IT SEZ property Waverock in Hyderabad, with Apple, Accenture and TCS among the tenants. The property is expected to sell for around ₹2,000 crore. The property has attracted interest from several institutional investors, with Singapore's sovereign wealth fund GIC emerging as the front-runner, according to sources.
Niraj Bajaj buys country’s costliest penthouse in SOBO’s Malabar Hill for Rs 252.5 crore
The deal values the triplex, known as The Emperor’s Palace, with a total area of 18,008 square feet at over Rs 1.40 lakh per sq ft, pushing it higher in the tally of the country’s most expensive residential transactions on a per sq ft basis, too. On the 12,624 sq ft carpet area, the apartment is valued at over Rs 2 lakh per sq ft. Bajaj has bought the apartment from Lodha Group’s listed entity Macrotech Developers and has paid stamp duty worth Rs 15.15 crore for the deal.
UEFA Euro 2024: See kick off date, first match's venue and everything we know so far
In March 2023, 53 nations are competing for a chance to participate in Euro 2024.
Shipping industry grapples with ways to cut cargo fires at sea
In its 2022 safety and shipping review, analysis by major insurer Allianz Global Corporate & Specialty showed there had been over 70 reported fires on board container ships alone in the past five years, with growing risks faced by car carriers transporting electric vehicles using batteries.
Godrej Fund arm puts two assets on the block
These marquee properties include a total of 200,000 sq ft office space spread across three floors in commercial project Godrej BKC and an information technology park project G: Corp Tech Park in Thane's Ghodbunder Road area.
Advertisers react to Twitter's new ownership
Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted "I hate advertising".
ICICI Pru, HDFC Life, Bajaj Allianz gain market share in FY22
BAL gained 150 basis points, ICICI Prudential 90 basis points (bps) and HDFC Life gained 80 bps in terms of total sum assured during last fiscal while Max Life and SBI Life witnessed a decline of 150bps and 50 bps respectively. One basis point is 0.01 percentage point.
Allianz Group leases 4.63 lakh sq ft in Embassy Taurus TechZone
“This also reaffirms our commitment to further grow in this location that’s home to over 5,500 Allianz employees and remains one of the single largest locations for Allianz outside of Europe,” said Somesh Jauhari, CPO (Chief People Officer) for Allianz Technology India and Allianz Services India.
Godrej Fund Management achieves final close of $500 million office fund
Godrej Fund Management will develop grade-A office assets that will be valued in excess of $1.5 billion or nearly Rs 11,000 crore on completion.
Shapoorji Pallonji in talks with global funds to set up $1.5 billion Investment Platforms
Each of these joint investment platforms will have equity funding of $500 million and will be investing close to $1 billion, including the leverage, in these real estate segments that are emerging as independent asset classes with strong growth potential, they said.
Big insurance companies launch net-zero climate alliance
The companies, which include Europe's top three insurers by premiums - Allianz, AXA and Generali - said the Net-Zero Insurance Alliance (NZIA) would work to shift underwriting portfolios towards net-zero greenhouse gas emissions by 2050.
Allianz, Kotak Investment partner to invest in Indian private credit market
In February, Allianz made its maiden credit investment of $150 million in Kotak Investment Advisors’ 11th real estate debt fund that achieved a closure of $380 million. Kotak’s real estate fund primarily focuses on financing early- and late-stage real estate projects across geographies in India.
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