The proposed gigafactory will produce lithium-ion batteries to suit varied EV and industrial segment requirements.
LIC’s embedded value was at Rs 5.44 trillion at the end of September 2022, compared with Rs 5.39 trillion at…
PSU insurer New India Assurance, the market leader in the non-life insurance space, saw a marginal 2.87% y-o-y rise in…
New business premium or the first-year premium of private sector life insurance companies in October grew 11% y-o-y to Rs…
“The company is now making investments in brands and distributions. These investments were lacking in the previous years,” Saha said…
ICICI Bank-promoted ICICI Prudential Life saw around 12% increase in contribution from other banks to its retail business through bancassurance…
The lender on Friday reported a net profit of Rs 209.3 crore for the second quarter, against a net loss…
The consolidated committee of creditors (CoC) for Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) has earlier decided to…
The company reported a net profit of Rs 85.92 crore on a consolidated basis for Q2, against a net loss…
Issuing a circular on repatriation of assigned capital by FRBs and Lloyd’s India, the Insurance Regulatory and Development Authority of…
Net premium income rose 14.56% YoY to Rs 13,137.89 crore during the July-September period, compared with Rs 11,468.03 crore in…
The total impact of these transactions amounted to close to Rs 1,500 crore.
“Insurers are requested to confirm compliance before October 31, 2022,” Irdai said in a circular issued on Tuesday.
The EoI from Capri Global Holdings was received on October 14 in response to the publications with regards to submission…
Notably, the government in the Union Budget 2021 increased the permissible FDI limit in insurance companies to 74% from 49%.
Irdai has also proposed to amend the existing regulations to provide “fit and proper criteria” for applicants desiring to carry…
Carbon Resources had picked up a 5.03% stake in McLeod Russel from the open market last month. The company said…
While market share of Oriental Insurance Company fell 17 bps y-o-y to 6.39%, United India Insurance maintained its market share…
