Insurers foresee extra cancellations, premium rise if Purple Sea assaults persist

Amid ongoing disruptions within the Purple Sea area, some Indian common insurers have cancelled their coverage covers whereas others have hiked premiums for voyages involving Purple Sea shipments and are extra such will increase if the assaults proceed to persist. Additionally learn:Blinken, Jaishankar talk about guaranteeing freedom of navigation in Purple Sea Insurers equivalent to … Read more

IRDAI provides in-principle nod for Policybazaar to improve license, enter reinsurance promoting

PB Fintech on Friday stated that insurance coverage regulator IRDAI has granted in-principle approval to its wholly owned subsidiary Policybazaar Insurance coverage Brokers (Policybazaar) to improve its license from a direct insurance coverage dealer (Life and Normal) to a composite insurance coverage dealer. Additionally learn: Policybazaar father or mother PB Fintech turns worthwhile, reviews Q3 … Read more

Price range’s nudge to HNIs: Change investments, undertake new tax regime

For the wealthy or the excessive web value people (HNIs), the Union Price range has made a bunch of hitherto tax-free or low-tax funding avenues unattractive. As an HNI trying to wade by way of the Price range and make an knowledgeable name in your investments, here’s what you are able to do on some … Read more

paytm to pause lending for few weeks, pegs annual EBITDA hit at ₹Rs 300-500 crore

One 97 Communications will pause on new loans for a number of weeks until the decision of operational points, and until accomplice banks are assured of constant their affiliation with the corporate given the fabric governance issues. Additionally learn:RBI order to have affect of ₹300-500 crore on annual operational revenue: paytm In the meantime, the affect … Read more

Jio Monetary Providers Q3 web revenue declines 56% to ₹294 crore

Jio Monetary Providers Ltd on January 15reported a 56 per cent decline in consolidated web revenue to ₹294 crore for the third quarter ended December 2023 in comparison with the earlier quarter. The corporate had earned a consolidated web revenue of ₹668 crore within the second quarter of the present fiscal, Jio Monetary Providers mentioned … Read more

First 12 months premium of life insurers down 7% in April-Dec of FY24

The primary 12 months premium of life insurers declined 7 per cent at ₹2,50,274 crore as much as December 2023 within the present monetary 12 months in contrast with ₹2,69,190 crore in the identical interval final 12 months primarily on account of lower in group premium, in line with knowledge of Insurance coverage Regulatory and … Read more

Banking, auto sectors might carry Nifty to 24200 stage in 2024: ICICIdirect

Nifty might hit the 24200 stage in 2024, pushed by heavyweight shares from the BFSI, auto, cement and healthcare sectors, ICICIdirect has mentioned in its newest Quant Yearly Outlook report. The Nifty was up by 119.10 pts or 0.56 per cent at 21,379.10 as of 11:30 am on Friday. The Nifty 50 pack was at … Read more

Aditya Birla Solar Life, IDFC First Financial institution in pact to collaborate on monetary options

Aditya Birla Solar Life Insurance coverage and IDFC First Financial institution have entered right into a bancassurance partnership to supply insurance coverage options to the financial institution’s prospects. Below this collaboration, the insurer will leverage the in depth distribution community of IDFC First Financial institution. Aditya Birla Solar Life will supply services and products, together … Read more