ICICI Lombard

Lender currently holds a little over 48% in the general insurer; must bring that down to 30%

Fair value targets of brokerages suggest there is some upside in the two stocks

Improving topline growth but combined ratio, loss ratio key concerns

Gross direct premium income up 17% to Rs 5,185 cr; combined ratio, which indicates underwriting discipline, stable at 105.1%

Though Q1 was disappointing, there are triggers that could lead to improvement in the performance of the two insurers

The gross direct premium income by the insurer during the period was Rs 5,370 crore, up 28.2 per cent from the year-ago period

Stocks to watch today: Bajaj Auto approved buyback of shares worth up to Rs 2,500 crore; Moody's upgraded Tata Steel's outlook to 'positive' from 'stable'

This facility will empower MSMEs to manage unwarranted situations arising from any mishaps

Muted business growth in two years coupled with higher claims led by covid-19 resulted in the recent underperformance.

These panels have been formed to look into areas of regulation, products, distribution, finance, health, finance, taxation, ease of doing business, among others

The company has proposed a dividend of Rs 5 per equity share for the financial year ended March 31, 2022

Parties can either bid to buy the entire company or any one or more of its eight clusters.

Having emerged from the pandemic largely unscathed, the sector is set to benefit from an unprecedented pick-up in demand. Where it goes from here, however, depends on its ability to innovate

For corporate policies, we have taken some price increases, says Bhargav Dasgupta

As the company has merged Bharti Axa General Insurance business with itself, the numbers are not comparable with the previous year's numbers

Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year

ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer.

JSPL expects to conclude the deal to sell its 96.42 per cent stake in its arm Jindal Power for Rs 7,401 crore to a promoters-owned firm Worldone by this year end

It is a first-of-its-kind integrated and cashless digital health solution in India, the statement said

In the April-June quarter, the insurer posted an underwriting loss of Rs 508.16 crore against an underwriting profit of Rs 38.16 crore in the year-ago period.