Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021
An accelerated provisioning of Rs 200 crore for the pandemic has crimped net profit of ICICI Prudential Life by 64.2% to Rs 64 crore in the January-March quarter
While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option
New business premium grew 14 per cent to Rs 2,04,872 crore-mark, helping improve its market share among private sector players to 13 per cent
Share of protection at 17 per cent in Q2 was its best-ever performance
Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.
The bank has now raised Rs 3,090 crore by selling stake in its life and general insurance subsidiaries
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For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
Post-tax returns are likely to be higher if you hold these funds for a year
The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.
Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies
It is difficult to make a call on the near-term market outlook as quality names continue to be costly and value names languish
With a research-driven process and an eye for opportunities, Banthia, senior fund manager-fixed income, ICICI Prudential AMC, beat the market and peers over the last year
ICICI MF's new product allows investors in the fund house's liquid fund to pay for health care expenses
The company will launch its fifth affordable housing project tomorrow, which has about 730 units, at Gurgaon in a price range Rs 16-22 lakh
It will be the first IPO from a life insurance company in the country
This IPO is the first by an insurer in India and the biggest in nearly six years
Given its business strengths, sound financials and high growth potential, long-term investors could consider the public offer