Term insurance premiums surged by 4.18%
The insurance industry has been facing difficulties in terms of claims as a result of COVID19, which is putting direct pressure on customers due to re-insurers' increases in premium costs.…
Indian Economy To Grow More Than 9% In FY2023
According to a report, Aditya Birla Sun Life Mutual Fund’s Equity and Fixed Income Outlook for 2022, launched during a video conference on January 5, Covid has accelerated digitalisation, which…
SEBI in process of stipulating disclosures specific to ESG scheme
Speaking at the inauguration of an ESG Centre for Research and Innovation at IIM Ahmedabad, Tyagi stressed on the need of in depth research on ESG norms with focus towards…
Sundaram AMC receives SEBI approval for purchase of Principal MF in India
Sundaram Asset Management Company Limited has received regulatory approval for the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by…
LIC MF looks to take AUM to Rs 25,000 crore by March
LIC AMC is one of the oldest fund houses but has been a passive player all this while keeping the parent LIC's risk-averse investing culture. As a result, its AUM…
China’s Evergrande crisis
Evergrande is a real estate behemoth based out of China with 1.5 million already sold but not yet completed residential units, according to a note by Invesco. The company’s presence,…
White Oak Capital gets SEBI approval to start MF Business
White Oak Capital group, which had acquired YES Mutual Fund through its subsidiary GPL Finance in August 2020, has now got the go-ahead from SEBI to run the mutual fund…
Nifty closes at a record high 17,630
Sensex, Nifty closed nearly 0.71% higher on Thursday. Inflation in India is likely to ease only gradually, Reserve Bank of India Deputy Governor Michael Patra said on Thursday, adding that…
IIP grows 11.5% in July
India’s factory output, measured in terms of the Index of Industrial Production (IIP), rose 11.5 per cent on a year-on-year basis for July, which is lower than the previous month.For…
Zerodha gets in-principle approval from SEBI to start mutual fund business
India’s largest broking firm Zerodha has received in-principle approval to set up an asset management company (AMC) company. With this, the discount brokerage joins entities like Samco Securities and Bajaj…