DAI ICHI LIFE HOLDINGS
Japan's Nikkei edges up as financials, export shares rise
Japan's Nikkei share average edged up on Monday as export-related stocks rose on a weaker yen following stronger-than-expected U.S. jobs data and a rise in domestic yields boosted financial stocks.
Dai-ichi Life invests $40mn in RenewBuy's holding company
This is part of the company's Series D fundraise while the promoters are negotiating with a few other investors to mobilise another $10-20 million in primary deals.
NPS rule change: PFRDA allows these investors to buy multiple annuities from the same life insurance company
The Pension Fund Regulatory Development Authority (PFRDA) has informed that it will now allow multiple Annuities for those NPS Subscribers who earmark the annuity corpus more than Rs 10 lakh wherein Rs 5 lakh utilised to buy each annuity scheme.
SUD Life new business premium jumps 66% to Rs 1,926 crore in FY22
SUD Life is a joint venture between public sector banks -- Bank of India and Union Bank of India -- and Dai-ichi Life Japan. The life insurer said it honored about Rs 687 crore on gross claims during FY22, as against Rs 271 crore during the same period last year. The annual claim settlement score registered an improvement of 253.50 per cent, SUD Life said in a release.
SUD Life registers 80 pc jump in new business premium to Rs 1,309 crore in Dec quarter
The company's 13th-month persistency ratio now stands at 78.77 per cent, compared with 76.34 per cent. The solvency as of December 31, 2021, stood at 1.86 times.
Union AMC appoints Sanjay Bembalkar as equity fund manager
Prior to joining Union AMC, Bembalkar was working with Canara Robeco Asset Management Co Ltd as Fund Manager – Equities, where he managed some of the flagship equity funds since October 2019.
Asia's factories sustain expansion, supply chain woes cloud outlook
China's factory activity expanded at the fastest pace this year in May on solid demand at home and overseas, though sharp rises in input prices and strains in supply chains crimped some firms' production
Union AMC aims to double AUM to Rs 10,000 crore
Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is the co-sponsor of the fund house along with Japan's Dai-ichi Life Holdings.
Bajaj Allianz Life appoints Santanu Banerjee as CHRO
Banerjee will lead the HR function and will be responsible for strategic direction of people management, including talent acquisition, training and development, performance management, organisational effectiveness, and succession planning.
Union Bank plans to lower stake in IndiaFirst Life to less than 10%
As per IRDA guidelines, one promoter cannot hold more than 10 per cent stake in two insurance ventures.
Bank of India may Sell 27% in Star Union Dai-ichi Life
A senior executive said the bank is seeking to sell the stake by the end of the financial year.
Exim Bank raises $50 million from pilot social impact bonds
The bank said this is a new fund source tapped by it and has been tapped as a pilot.
Bank of India looks to divest insurance JV stake for $160 million
BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.
Nikkei slides, weak US retail sales trigger profit-taking
The Nikkei share average dropped 1.1 per cent to 20,900.63, retreating from a two-month high of 21,235.62 hit on Thursday.
BoI eyes Rs 1,200 crore from exiting life insurance arm Star Union
While BoI owns 28.96 percent in the JV, UBI holds 25.10 percent, and Dai-chi is the singel largest shareholder with 45.94 percent stake.
Nikkei closes at lowest since March on global growth concerns
The Nikkei share average ended 0.3 per cent lower at 21,148.02.
Nikkei hits 1-1/2-week low on global economy worries
The Nikkei share average dropped 0.5% to 21,919.33, the lowest close since Nov. 26.
Nikkei tumbles, foreigners sell exporters and financials
The Nikkei share average ended 2.4 per cent lower at 22,036.05 points.
Nikkei falls as Docomo sparks telecom earnings fears; Rakuten rises
The communications sector tanked 8.3 percent and was the worst performer on the board.
Load More
