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INSURANCE ACQUISITION
Competition Commission okays BNP Paribas-IndiaFirst Life Insurance dealCompetition Commission of India approved BNP Paribas Cardif's proposal to acquire a 26% stake in IndiaFirst Life Insurance Company Ltd. The...- IT firms cut H-1B reliance; Anthropic flags AI risks in IPO filingTop Indian IT firms have sharply cut H-1B visa filings as rules tighten. This and more in today’s ETtech Top 5.
- ChatGPT is coming for a bite of Google-Meta’s ad pieMultiple Indian consumer brands, including SuperYou, Sirona, BellaVita, Sebamed, and Mamaearth have started testing the platform, as advert...
- CCI clears MetLife’s acquisition of additional PNB MetLife stakeThe Competition Commission of India has cleared MetLife International Holdings’ acquisition of an additional 0.5% stake in PNB MetLife Indi...
- HCLTech software unit to acquire European firm Robotiq.ai for 9 mn eurosThe company will acquire 100% of the outstanding equity of Robotiq.ai to be acquired by HCL Technologies Austria GmbH, a step- down wholly ...
- MetLife stake deal deemed approved; Bain and Olin proposals await CCI reviewMetLife International will raise its stake in PNB MetLife by 0.5% to 50.23% through a purchase from Jammu & Kashmir Bank, with CCI clearing...
- Rupee, dirham and UPI: India, UAE push cross-border trade without frictionIndia and the UAE are working towards enhancing bilateral trade by adopting local currency transactions and payment system integration. The...
- Big insurers, bigger advantage? Smaller players flag Irdai’s new expense capsSmaller life and general insurers worry that proposed distribution reforms might benefit larger insurers disproportionately. The changes in...
- India insurance growth to hinge on AI-led distribution, ecosystem partnerships: McKinseyThe insurance sector in India is expected to grow through AI-led distribution and ecosystem partnerships. Insurers are reassessing traditio...
- PB Fintech shares slip another 5% after massive 36% crash on Thursday. What are Jefferies, others saying?PB Fintech share price: PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insuran...
- Stocks in news: Waaree Energies, PB Fintech, Lemon Tree Hotels and Dr Lal PathLabsIndian equity markets saw significant declines, with the NSE Nifty 50 index dropping by over 380 points. PB Fintech experienced a sharp 36%...
- Snapdeal parent AceVector raises Rs 189 crore from anchors; Negen, Singularity among top investorsIn a significant move, AceVector, the owner of Snapdeal, has successfully garnered Rs 189 crore from anchor investors for its upcoming IPO,...
- IRDAI commission proposal may push PB Fintech closer to insurance manufacturing, says Yashish DahiyaThe company said lower distribution commissions could alter the economics of its existing model and make insurance manufacturing a more rel...
- IRDAI proposal hits insurance stocks; FSSAI vs ecomm giantsThe insurance regulator has proposed new limits on commissions as part of a wider overhaul. This and more in today’s ETtech Top 5.
- IRDAI proposals on insurance’s money machine leads to bloodbath for stocks: What happens to your moneyInsurance premiums may decrease if the Insurance Regulatory and Development Authority of India implements proposed commission changes. Prop...
- PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?Ten public sector entities, led by SBI and New India Assurance, unlocked a combined profit of nearly Rs 12,802 crore through the Rs 22,562 ...
- Explained: Why PB Fintech, Turtlemint, SBI Life, HDFC Life and other insurance stocks tanked up to 26% on ThursdayIRDAI has proposed insurance distribution reforms, including a ban on dark patterns, lower Expense of Management limits and greater commiss...
- Amazon Pay India revenue rebounds 18% in FY26, loss widens 33% as costs riseRevenue from operations grew 18.5% to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 crore in FY25.
- In 2012, Bank of America acquired a 20,900-square-foot Houston mansion through foreclosure for $2.12 million; 13 years later, after $14 million in renovations, it sold for up to $9 millionIn 2012, Bank of America picked up a 20,900-square-foot Houston mansion through foreclosure. The price was $2.12 million. That works out to...
- NSE IPO jackpot: 10 PSUs could pocket Rs 12,802 crore from stake saleNSE’s IPO could deliver a massive windfall to 10 public-sector shareholders, which together could make a profit of around Rs 12,802 crore b...
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