Insurance Business

New online distribution models such as B2C, B2B, and B2B2C are essential growth drivers, with B2C gaining substantial traction, the report added.

LIC IPO | Markets may take dim view of slowdown in growth: Prabhudas Lilladher’s Nagda

The slow growth of new business at LIC can be attributed to its product mix, channel mix and average ticket size, said the head of investment products at Prabhudas Lilladher.

Videocon Industries exits insurance business

Videocon, which had a 51.32 percent stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26 percent stake to DP Jindal Group's Diamond Dealtrade and the remaining to Enam Securities.

Booking profits on rally; prefer to avoid holding cos: Quantum

Most of the expectations of a good monsoon driving rural demand and in effect earnings has been priced in feels Nilesh Shetty of Quantum AMC who prefers to raise cash levels by trimming stock positions if the market continues to rally.

See insurance business growing 10-12%: Edelweiss

Rashesh Shah, Chairman and CEO of Edelweiss Group, outlined big plans for the group as a whole. The financial services conglomerate will be focussing on adding more branches and look to rope in new clients this fiscal year, he said.

Australia's NAB to sell insurance stake to Nippon Life

The lender tabled the moves in posting a 19.7 percent lift in annual net profit to 6.34 billion dollar (USD 4.56 billion) for the year to August 31 as it looks to bolster its balance sheet and provide a buffer to meet tougher regulatory requirements.

Mastek shares rally 20% post circuit filter revision

Investors are lapping up shares of Mastek for the sixth consecutive session Friday especially after Cover-All Technologies said its shareholders approved Cover-AII‘s adoption of the agreement and plan of merger into Majesco, USA. The stock rallied 50 percent in six sessions, including today's intraday 20 percent upside.

Mastek tanks 67%, stock adjusts for insurance biz demerger

Shares of Mastek plunged 67.5 percent intraday Friday as the stock adjusted for the demerger of its insurance business. Hence, the listed entity will have the services business and insurance business transferred to its subsidiary Majesco.

Insurance business to boost profit by year-end: Rel Cap

Sam Ghosh, CEO of Reliance Capital and KV Srinivasan, CEO of Reliance Consumer Finance, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that high interest rate environment has hit the company's profitability.