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INSURANCE COMPANIES
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%The FPIs that were selling in the Indian market all these months mostly owned large-cap stocks. And as they sold them, it was that segment ...- 'Global insurance cover may help rise medical tourism': Apollo Hospitals' Sangita ReddyApollo Hospitals envisions that broadening insurance access for international patients will catalyze the growth of medical tourism in India...
- Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hitsFor large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather t...
- NBFCs eye rate hikes, higher fees to offset insurance income hitNon-bank lenders and housing finance companies are expected to raise lending rates in response to proposed regulatory changes. This adjustm...
- Binance $6.3 billion heist to prompt closer scrutiny by insurersFollowing the $6.3 billion Binance heist, insurers are stepping up their scrutiny of cryptocurrency firms' security measures. During policy...
- LIC shares fall 3% as Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stockLIC reported a 20% year-on-year rise in Q2 consolidated net profit to Rs 12,115 crore, while net premium income grew 16% to Rs 1.47 lakh cr...
- Go Digit says IRDAI's EoM rules led to unintended rise in commissionGoyal said that the existing Expense of Management (EoM) framework had failed to achieve its intended objective of reducing expenses, with ...
- Go Digit posts 31% dip in net profit to Rs 142 croreThe company’s management had previously noted that in the last five years there has been no increase in third-party motor insurance rates, ...
- LIC Q2 Results: Profit jumps 20% YoY to Rs 12,115 crore, NPI grows 16%LIC Q2 Results: Life Insurance Corporation of India (LIC), the country's largest insurer, reported a nearly 20% rise in consolidated net pr...
- Travel insurer says no to toenail injury treatment of 62-year-old woman injured during US visit; court orders company to reimburse over Rs 89,000 for treatment in United States and pay Rs 30,000 as compensation for mental harassmentA 62-year-old woman successfully challenged her travel insurer after it denied reimbursement for a toenail injury. She sustained the injury...
- Hyundai to offer up to 15% savings on car insurance for safe driversHyundai Motor India has launched a usage-based insurance program for its Bluelink-connected cars. Customers can receive potential savings o...
- Niva Bupa Q2 YoY profit after tax soars 124%Niva Bupa Health Insurance reported an impressive 124% year-on-year profit surge in the second quarter, leading to a profit after tax of ₹1...
- Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE dealPersistent Systems has made waves in the financial market by securing ₹7,600 crore through non-convertible debentures aimed at funding its ...
- Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...
- US Midterm Elections 2026: Democrat Debbie Wasserman Schultz wins reelection to US House in Florida's 20th DistrictWasserman Schultz's move to a new congressional district paid off as she won a 12th term in office. The first Jewish woman elected to Congr...
- Irdai tightens ESOP norms, share transfer rules for insurersIrdai has implemented stricter rules regarding employee stock option plans for insurance companies to regulate ownership stakes. Senior exe...
- Institutional investors step up bets on private credit as insurers, pension funds and DFIs back new fundsInstitutional investors are now allocating more funds to private credit, significantly from insurance companies and pension funds. Neo Alte...
- Spandana Sphoorty reports Rs 7.8 crore cyber fraud in bank accountSpandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting...
- Life insurance bought under MWP Act: Why it matters and how it can ensure greater protection for your familyCutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the MWP Act can ensure greater protection for yo...
- State-run general insurers to submit turnaround plansState-run general insurers must submit board-approved plans to the government for reducing unprofitable business segments. The government a...
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