KOTAK MAHINDRA GENERAL INSURANCE COMPANY
Bain Capital-backed Emcure Pharma mobilises Rs 583 cr from anchor investors Emcure Pharmaceuticals has allocated 57.8 lakh equity shares to 48 funds at the upper end of the IPO price band, raising Rs 582.6 crore. The public subscription for the IPO will commence on July 3rd and conclude on July 5th.
02 Jul, 2024, 11.47 PM ISTZurich Insurance set to raise India headcount by 40% in next three years “India will soon be the world’s third largest economy, the largest working age population, the biggest middle class amongst emerging markets, the strongest route of growth in the G20 for insurance,” Tulsi Naidu, chief executive officer for Asia Paci...
25 Jun, 2024, 11.20 AM ISTHave conviction in India story, want to be fully present: Zurich Insurance Group's Tulsi Naidu Zurich Insurance Group has acquired a 70% stake in Kotak General Insurance, making it the largest foreign investment in the insurance sector and the first stake acquisition by an overseas insurer since the FDI limit was raised to 74% in 2021. The co...
24 Jun, 2024, 05.30 AM IST- ADVERTISEMENT
Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involv...
22 Jun, 2024, 01.50 PM ISTNifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likel...
12 Jun, 2024, 10.13 AM ISTF&O stocks: Kotak Mahindra Bank, ICICI Lombard among 5 stocks with short buildup In Tuesday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we...
11 Jun, 2024, 02.47 PM ISTKotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance In November last year, Zurich Insurance Company announced plans to acquire a 51 per cent stake in Kotak Mahindra General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional stake of 19 ...
05 Jun, 2024, 05.27 PM ISTMygate enters insurance distribution business, partners with Acko Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
28 May, 2024, 08.19 PM ISTHyundai adds more banks for possible record D-Street IPO Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate, citing unnamed people with knowledge of the situation. IFR said...
27 May, 2024, 03.35 PM ISTBlock deals worth over Rs 13,000 cr this week: Adani Ports, HDFC Bank, Vodafone Idea among stocks with top action The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segme...
25 May, 2024, 09.31 PM ISTMahindra & Mahindra Finance secures IRDAI license to offer tailored insurance plans The corporate agency license would help in broadening Mahindra Finance’s product portfolio by incorporating insurance solutions. It would help customers with their financial and insurance needs being met by a single entity. The process would augment...
22 May, 2024, 02.54 PM ISTRs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.
11 May, 2024, 11.00 AM ISTThese 5 Nifty stocks are still 25% away from their year highs; do you own any? There are five Nifty stocks that are still significantly distanced by over 25% from their respective year-high levels.
10 May, 2024, 05.10 PM ISTWhy Saurabh Mukherjea isn't losing sleep over stress in HDFC Bank, Kotak and Bajaj Finance Saurabh Mukherjea maintains faith in HDFC Bank, Kotak Mahindra Bank, and Bajaj Finance despite challenges. Mukherjea says: "In HDFC Bank's case, the regulator suggested remedial measures, HDFC Bank implemented the remedial measures, and profit growt...
07 May, 2024, 11.54 AM ISTTop Nifty50 stocks analysts suggest buying this week Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple ave...
29 Apr, 2024, 04.43 PM ISTGeneral Insurance industry grows 12.78% in FY24 In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agri...
08 Apr, 2024, 08.21 PM ISTThese 4 stocks showing RSI Trending Up on April 5 "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.
08 Apr, 2024, 10.09 AM ISTLatest health and general insurance claim settlement ratio released in 2024 Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of ...
19 Mar, 2024, 06.28 PM ISTInsurance sector attracted Rs 54,000 crore FDI in last 9 years: DFS Secretary Asset Under Management nearly tripled to Rs 60.04 lakh crore as compared to Rs 21.07 lakh crore in 2013-14, while the total insurance premium more than doubled to Rs 10.4 lakh crore from Rs 3.94 lakh crore at the end of March 2014.
18 Mar, 2024, 02.53 PM ISTZurich Insurance to buy 70% stake in Kotak arm upfront in amended deal Zurich Insurance Group will buy a 70% stake in Kotak Mahindra Bank's general insurance arm by paying 55.60 billion rupees (nearly $671 million) upfront instead of staggering the purchase as planned last year, the Indian lender said on Friday.
07 Mar, 2024, 02.26 PM IST