NON LIFE INSURANCE
5 stock market myths in a raging bull market: Kotak Equities Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently tr...
04 Jul, 2024, 02.55 PM ISTAhead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity s...
02 Jul, 2024, 11.53 PM ISTBain 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 IST- ADVERTISEMENT
Indian financiers’ debt lures buyers on widest spread since 2020 Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive ...
27 Jun, 2024, 07.37 AM ISTHeadwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 % One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full...
24 Jun, 2024, 01.34 PM ISTBuzzing! Insurance stocks in focus after IRDAI increases surrender value Insurance stocks rose up to 3% after IRDAI increased surrender values for non-linked products, affecting insurers like LIC, HDFC Life, and Max Life. Shares of LIC, HDFC Life, and SBI Life were up on BSE. Nuvama awaits more details from companies nex...
13 Jun, 2024, 11.59 AM ISTIRDAI asks life insurers to offer surrender value in first year The regulator issued a master circular, which mandates insurers to pay special surrender value (SSVs) after the first policy year, provided one full year's premium has been received.
13 Jun, 2024, 12.59 AM ISTThese largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20% As the street grapples with what will be the final come out of elections, the street is witnessing two things, unwinding of the long position which were taken after the exit poll showed a comfortable win for ruling BJP and also fresh short position ...
05 Jun, 2024, 05.05 PM ISTThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts After a strong phase upward movement, mid cap stocks are witnessing a sort of selective profit booking move. Profit booking which is mostly happening in line with Q4 numbers. A strong directional move is only likely to appear post election results. ...
30 May, 2024, 11.20 AM ISTNot a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal Abhay Agarwal, Founder & Fund Manager at Piper Serica, discusses market focus on earnings, growth, and India's economic potential post-event. Grasim's expansion into the paint segment and Titan's nervousness are key points. Agarwal also says he expe...
29 May, 2024, 03.06 PM ISTBharti AXA-SBI Life sale talks collapse, PEs may throw in hat The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management syste...
29 May, 2024, 12.47 AM ISTLIC thinking of diving into health insurance pool, eyeing acquisitions LIC is considering entering the health insurance sector, as reported by Times of India, quoting LIC chairman Siddhartha Mohanty. Mohanty stated that LIC is evaluating potential acquisition opportunities in this regard. This move aligns with expectat...
28 May, 2024, 02.00 PM ISTGo Digit to debut at the bourses today; here's what GMP signals ahead of listing The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional inve...
24 May, 2024, 09.49 AM ISTGo Digit sees moderate listing, but analysts project optimism. What investors should do Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
23 May, 2024, 01.45 PM ISTVirat Kohli-backed Go Digit debuts at 5% premium over IPO price Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
23 May, 2024, 09.59 AM ISTDespite healthy response to IPO, Go Digit GMP slips on allotment day Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
21 May, 2024, 03.04 PM ISTUpstox enters insurance distribution business HDFC Life is among the first insurers to partner with Mumbai-based Upstox, featuring its term insurance plans on the platform
20 May, 2024, 03.48 PM ISTGo Digit Insurance IPO: GMP, price band among 10 things to know before subscribing to the issue Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has be...
15 May, 2024, 11.37 AM ISTNon-life insurance companies post 13% rise in premium collection at Rs 2.89 lakh cr in FY24 In the fiscal year 2023-24, 42 general insurance companies collectively earned a premium income of Rs 2,89,738 crore, marking a 13% increase from the previous year's Rs 2,56,894 crore, as reported by the General Insurance Council. Among these, 35 ge...
11 May, 2024, 12.45 AM ISTNon-Life Insurance Booms: Health premiums exceed Rs 1 tn, motor crosses Rs 90,000 crore mark in FY24 surge In the fiscal year 2023-24 (FY24), India's non-life insurance industry experienced significant growth primarily fueled by the health and motor insurance segments. Health insurance premiums surpassed Rs 1 trillion, marking a 20.2% increase, while mot...
19 Apr, 2024, 10.25 AM IST