IRDA NEWS
![Mahadev app news put out by people who are resisting our takeover of Religare: Mohit Burman](https://img.etimg.com/thumb/msid-105227285,width-100,height-75,resizemode-4/markets/expert-view/mahadev-app-news-put-out-by-people-who-are-resisting-our-takeover-of-religare-mohit-burman.jpg)
Mahadev app news put out by people who are resisting our takeover of Religare: Mohit Burman
“I do not know any of these (Mahadev app) gentlemen. I have never met them. I have never placed a bet in my life. So, there is no question of any. This is totally maligning news being set out by people who are now resisting our takeover of the company (Religare Enterprises).”
![Sebi notifies rule for listing non-convertible debt securities](https://img.etimg.com/thumb/msid-103846048,width-100,height-75,resizemode-4/markets/stocks/news/sebi-notifies-rule-for-listing-non-convertible-debt-securities.jpg)
Sebi notifies rule for listing non-convertible debt securities
The move is aimed at facilitating transparency in price discovery of non-convertible debt securities, providing better disclosures to investors and the market, and avoiding ISIN-level confusion and possible mis-selling of unlisted bonds
![Byju’s breaking bad: Will Indian startups feel the aftershocks, and other top stories this week](https://img.etimg.com/thumb/msid-101229443,width-100,height-75,resizemode-4/tech/newsletters/ettech-unwrapped/byjus-breaking-bad-will-indian-startups-feel-the-aftershocks-and-other-top-stories-this-week.jpg)
Byju’s breaking bad: Will Indian startups feel the aftershocks, and other top stories this week
“Are you really surprised?" an edtech founder said, implying that industry executives have seen this blow-up coming for a while. “This will have an impact on other startups, especially in the current market where money is tight,” the entrepreneur said.
![CCIL readies new portal for G-sec trading](https://img.etimg.com/thumb/msid-99920400,width-100,height-75,resizemode-4/markets/bonds/ccil-readies-new-portal-for-g-sec-trading.jpg)
CCIL readies new portal for G-sec trading
"They (the CCIL) have completed the work on the new platform. The request from the market was that it should be an anonymous platform similar to the NDS-OM or the CROMS as trading on those platforms is a seamless exercise," a source said.
![Govt approves listing of state-owned IREDA by selling part stake](https://img.etimg.com/thumb/msid-98738384,width-100,height-75,resizemode-4/markets/ipos/fpos/govt-approves-listing-of-state-owned-ireda-by-selling-part-stake.jpg)
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
![Shriram Group gets CCI nod for financial services business merger](https://img.etimg.com/thumb/msid-93299303,width-100,height-75,resizemode-4/news/company/corporate-trends/shriram-group-gets-cci-nod-for-financial-services-business-merger.jpg)
Shriram Group gets CCI nod for financial services business merger
Shriram Transport MD Umesh Revankar said in a statement the CCI nod comes after approvals from SEBI, RBI, the stock exchanges, creditors, and the insurance regulator IRDA.
GST rates revised; Here is a list of items that'll get costlier
Consumers may now have to shell out more as several goods and services will cost higher from July 18 onwards with the Goods and Services Tax (GST) Council approving rate hike to address inverted duty structures and withdrawing some exemptions.
Shriram Group receives RBI nod for merger of financial services business
In a note to the exchanges late on Wednesday, Shriram said RBI issued its No Objection to the scheme of amalgamation through a letter dated June 15. In December last year, the boards of various group companies met to approve the merger of SCL and SCUF with STFC.
IRDAI allows insurance companies to introduce products without prior approval
The new rule will cover all health plans and also fire, engineering and motor plans offered by general insurance companies. Panda said only a small minority of plans below Rs 5 crore sum insured are exempt from the new reform because of some operational purposes.
Six factors that can make ICICI Lombard stock a consistent compounder
ICICI Lombard and Bajaj Allianz are 2 of the most efficient players accounting for almost half of the industry profits of the last 10 years and almost the entirety of the industry’s profits in the last 5 years. All the above point to a potential compounder franchise.
Buy SBI Life Insurance Company, target price Rs 1,430: JM Financial
The brokerage expects a 20% EV CAGR over FY22-24E driven by NBV CAGR of 22% on the back of improving margins to ~27.5% levels into FY24E. It maintains BUY with target price of Rs 1,430, valuing the insurer at 2.5x FY24 EV.
IRDA increases investment limit in BFSI sector
Commenting on the circular, Kapil Mehta, co-founder, SecureNow, said the IRDAI's decision is a very good development because it gives insurers the flexibility to invest into different assets and improve their returns over the long term. "And since the restriction of 30 per cent in itself is not high, the overall safety of the insurer is not compromised," he said.
Irda asks Indiabulls to bring in Rs 1,200 crore investments for life insurance licence
Regulator’s board to meet today and may clear Indiabulls Life Insurance’s R1 licence.
Irda nod to LIC-IDBI deal based on merit, says official
According to Sathe, LIC is free to chart its investment strategy which is not influenced by the insurance regulator.
Empirical tests should decide health cover: HC
The case will have an impact on all kinds of insurance, and on everyone who buys insurance.
HDFC Life, Max Life still keen on finding a structure acceptable to IRDA: Deepak Parekh, Chairman, HDFC
"We have extremely warm, friendly relationships with the Max team. Both of us are still keen if we can find a structure that is acceptable to the IRDA, to our regulators, " said Parekh.
HDFC Life may go for IPO for merger with Max Life: Nidhesh Jain of Investec
"Both the management teams are committed towards merger and this merger is definitely important for both these entities as the combined entity will be much stronger than individual entity," Jain said.
Caveat will be on mutual fund sector rather than the realty sector: Saurabh Chawla, DLF
Saurabh Chawla, ED, DLF, says you must allow low risk capital or capital which has high appetite for low risk to enter into this particular space.
There are plenty of risks hidden in payment banks: Dhirendra Kumar, CEO of Value Research
Payment banks will be a limited kind of bank which can take deposits, issue cheque books, but are limited to taking no more than Rs 1 lakh from each customer.
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