DAI ICHI LIFE

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.

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.

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 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 per...

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.

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.

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'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.

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.

A senior executive said the bank is seeking to sell the stake by the end of the financial year.

The bank said this is a new fund source tapped by it and has been tapped as a pilot.

BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.

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.

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.

The Nikkei share average ended 0.3 per cent lower at 21,148.02.

The Nikkei share average dropped 0.5% to 21,919.33, the lowest close since Nov. 26.

The Nikkei share average ended 2.4 per cent lower at 22,036.05 points.

The communications sector tanked 8.3 percent and was the worst performer on the board.

The Nikkei share average gained 0.5 per cent to 22,694.66