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Former Paisabazaar CEO Naveen Kukreja eyes $9-million raise for new wealthtech betFormer Paisabazaar CEO Naveen Kukreja is reportedly seeking $9 million for his new wealthtech startup, aiming to build a platform for retai...- Kiwi targets Rs 5,000 crore premium book with AI-led insurance modelA new general insurance company, Kiwi General Insurance, is set to launch in India. Backed by WestBridge Capital and Neelesh Garg, it plans...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
- Aditya Birla Capital plans to use Rs 3,500 cr to drive lending business growthAditya Birla Capital plans to inject Rs 3,500 crore into its lending business. This comes from a Rs 4,000 crore preferential issue. Grasim ...
- Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 crAditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs ...
- Macro worries cloud markets, but domestic fundamentals offer cushion: Sandip SabharwalMarket expert Sandip Sabharwal highlights that despite global headwinds like rising crude oil and currency weakness, Indian corporate funda...
- Who is Parag Agrawal? This Indian-American CEO, fired by Elon Musk, is now leading a Rs 16,000 crore companyParag Agarwal has raised $100 million for his new AI startup called Parallel Web Systems and the worth of the company is around Rs 19,020 c...
- Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
- Acko's $250 million IPO; Infosys' market cap plungeNew-age insurer Acko will soon confidentially file draft papers for its stock market debut. This and more in today's ETtech Top 5.
- Bharti looks to sell 85% of insurance business to PrudentialBharti Group is in talks to sell up to 85% of its life insurance business to Prudential Plc for an estimated ₹7,000-8,000 cr. This potentia...
- NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvencyThe impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general ins...
- HDFC Life Insurance shares tank 4% on Q4 results. What are Morgan Stanley and Goldman Sachs saying?HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue, alongside...
- HDFC Bank to invest Rs 1,000 cr in HDFC Life to boost solvencyHDFC Bank is injecting Rs 1,000 crore into HDFC Life Insurance. This investment will increase HDFC Bank's ownership to over 50%. The capita...
- HDFC Life Q4 Results: HDFC Bank to increase stake in the company as profit rises 4% YoYHDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move aims to strengthen the insurer's sol...
- M Pallonji Group gets IRDAI’s R1 nod for general insurance ventureThe M Pallonji Group has received R1 approval from IRDAI for its general insurance venture, partnering with Divya Sehgal and Federal Bank. ...
- Reliance General Insurance to get Rs 200 cr capital infusion from Reliance CapitalThe capital infusion in Reliance General comes at a time when the Committee of Creditors (CoC) has approved the Resolution Plan of IndusInd...
- Govt to infuse more capital in public sector general insurers next yearThe government last year provided Rs 5,000 crore capital to three insurers --National Insurance Company Limited, Oriental Insurance Company...
- Public sector general insurers may get capital infusion of Rs 3,000-5,000 croreIn the last financial year, the government made capital infusion of Rs 5,000 crore in these three insurance companies.
- Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarterThe cabinet had also decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and th...
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