LIC vs agents: 7% commission cut, protests, policy surrender and more

LIC vs agents: 7% commission cut, protests, policy surrender and more

These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1 lakh with an … Read more

Market capitalisation of 9 of top 10 valued firms surges by ₹95,522 crore; Reliance, TCS among top gainers

Market capitalisation of 9 of top 10 valued firms surges by ₹95,522 crore; Reliance, TCS among top gainers

The combined market valuation of nine of the top 10 most valuable companies rose by ₹95,522.81 crore last week, with Reliance Industries, TCS, and HUL leading the gains. The 30-share BSE Sensex climbed for the fourth consecutive session, ending 33.02 points or 0.04 percent higher at 81,086.21 on Friday. Over the past week, the BSE … Read more

What’s stopping AMCs, insurers from entering remote markets like Kargil?

What's stopping AMCs, insurers from entering remote markets like Kargil?

NEW DELHI : India had 162 million demat accounts as of June, and 93 million SIP (systematic investment plan) accounts as of July—a strong indicator of increasing financialization in the country. Still, there are places where terms like “Sensex” or “Nifty” are foreign to people. Kargil, in the Union territory of Ladakh, over 200 kilometres … Read more

Investor’s guide to surviving the front-running storm

Investor's guide to surviving the front-running storm

I’ve always observed these incidents with a mix of concern and professional interest. Because front-running isn’t a new phenomenon, nor is it unique to any single fund house. This practice, where insiders use advance knowledge of pending orders to trade for their own benefit, has reared its ugly head multiple times in the Indian mutual … Read more

Privatisation not on hold but not a priority, DIPAM secretary Pandey says

Privatisation not on hold but not a priority, DIPAM secretary Pandey says

New Delhi: Privatisation of central public sector enterprises has not been put on hold, but is not a priority under the government’s calibrated approach to disinvestment, said Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM). He said that the focus will be on ‘value creation’ from disinvestment, dividends and … Read more

IDBI Bank share price jumps 7% on RBI’s ‘fit and proper’ report on bidders for privatisation

IDBI Bank share price jumps 7% on RBI’s ‘fit and proper’ report on bidders for privatisation

IDBI Bank share price jumped nearly 7% on Thursday amid reports that the banking regulator issued a ‘fit and proper’ report on bidders for the divestment of the bank. IDBI shares rallied as much as 6.91% to hit an intraday high of ₹94 apiece on the BSE with heavy volumes traded. The Reserve Bank of … Read more

Market capitalisation of 7 of top-10 most valued firms jump ₹1.72 lakh crore; TCS leads the pack

Market capitalisation of 7 of top-10 most valued firms jump ₹1.72 lakh crore; TCS leads the pack

Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by 522.74 points, marking a 0.65% … Read more

Star Health firm on profitability path amid rising competition

Star Health firm on profitability path amid rising competition

Star Health and Allied Insurance Co. Ltd has chosen a distinct path compared to its rivals in the general insurance business by focusing on profitability rather than chasing market share gains at any cost.  Just like any other business, the general insurance business can also earn profit if its revenue, which is premium earned exceeds … Read more

Mcap of top 9 most valued firms surges, adding ₹2.89 trillion in market; Reliance Ind leads pack

Mcap of top 9 most valued firms surges, adding ₹2.89 trillion in market; Reliance Ind leads pack

The market capitalisation of nine out of the top ten most valued companies in the Indian stock market collectively added ₹2,89,699.42 crore to their market valuation last week, with Reliance Industries emerging as the top gainer. This rise aligns with a broader rally in equities. The BSE benchmark index saw a notable jump of 1,822.83 … Read more

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