While IPO funding hit a six-year high in 2016 with 26 companies collectively raising over Rs 26,000 crore, an article in the Economic Times pegs IPOs at worth over Rs 20,000 crore to be slated to hit the markets in the coming months.
At present, companies cannot make a preferential issue of shares to entities who have sold shares of the issuer company in the preceding six months
Data from the Life Insurance Council, the industry body for the life insurance companies, showed LIC‘s new premiums saw a 140 percent jump on a year-on-year basis with the insurer collecting Rs 12,528.07 crore as new premium.
According to Finance Ministry officials, there is concern in North Block over the ongoing battle for control of Tata group companies between Ratan Tata and ousted Chairman of Tata Sons Cyrus Mistry, who otherwise happens to be chairman and director of several entities.
IRDAI has directed banking and financial institutions, who act as bancassurance agents for insurance companies, not to forcibly sell policies to their customers or even without their consent.
They are central bankers looking to help promote economic growth. They are insurance companies, pension funds and money managers who have to match liabilities with assets. They are not, by and large, retail investors who are so afraid of risk that they're willing to pay for the privilege of lending money to a government.
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The Insurance Regulatory and Development Authority of India (IRDAI) has come out with the exposure draft on selling and servicing insurance policies through e-commerce platform for comments before final regulation is notified.
India has immense potential as an insurance market. But it needs some serious support from the government if that potential is to be achieved, starting with more tax incentives for buying personal insurance policies. That's the crux of the insurance sector's wish list for Budget 2016.
Leading insurance companies and IFMR Capital are investors in the IFMR Impact Long Term Multi Asset Class Fund, which is registered with SEBI as a Category II Alternative Investment Fund (AIF).
In an interview to CNBC-TV18, Rahul Khosla, MD, Max India, speaking on the development, clarifies whether holding companies‘ foreign ownership would also be added into that category.
Daksha Baxi, ED, Khaitan & Company gives her view on changes in the Budget on the tax front - her take on alternate investment funds and whether or not insurance companies can participate, among other issues.
On US President Barack Obama's visit to India, Jaitley said he expects very positive outcome and the relationship between the two countries has matured considerably.
MakaanIQ explains the importance of having a home insurance policy in India. It lists out how these things are beneficial from an investment perspective.
Insurance regulator Irda‘s continuing campaign to curb misselling of insurance products has caught web aggregators in its cross-hairs. The regulator has proposed stricter rules that these websites which compile and provide information on policies of various insurance companies must adhere to, reports CNBC-TV18‘s Manasvi Ghelani.
Insurance companies are racing against time to comply with IRDA's changed guidelines for traditional life insurance products.
Banks are accepting huge amounts of unaccounted cash to invest it in insurance products, and sometimes in gold as well. Forged PAN cards are being arranged to facilitate investment of huge unaccounted cash.
SP Tulsian, sptulsian.com says that although the OFS floor price seems to be set at a discount to the CMP, the price seems to be a bit aggressive. He does not think there will be good response from the Foreign Institutional Investors (FIIs).
Eight private insurance companies, including Reliance Life and Sahara India Life have been served show-cause notices by the Revenue department for alleged tax violation, Parliament was informed.
Many articles, many opinions and many comments across various newspapers, business channels and internet predominantly paint the agents in black. But is it all their fault? Financial expert Sanjay Matai reckons even the insurance companies, banks and mutual funds are equal partners in this misdeed.
Insurance regulator IRDA said raising investment limit for insurance companies to 30 per cent would be "imprudent" and insurers should be conservative in their approach, not as aggressive as venture capitalists.
Premium collected by life insurance companies dropped 3.45 per cent in the April-October period due to various factors that are influencing the financial sector as a whole.
To honour the best banks and financial institutions, CNBC-TV18 organised the annual IBFA Awards and an eminent jury picked out the winners from across public and private sector banks. The best insurance companies were also honoured.
The finance minister is doing everything to revive the country's capital markets. Finance ministry sources indicate a strategy on long-term investment of insurance funds is in the offing, reports Aakansha Sethi of CNBC-TV18.
The insurance industry is not happy with the second exposure draft on product design and pricing.