Industry is on the recovery trail; annual premium equivalent up 11 per cent in August versus the two-year average
The shares were sold at Rs 1,171 apiece
Airtel, Nestle India, TCS and ITC contributed the most to gains for the benchmark indices
At 09:15 am, around 23.4 million equity shares, representing 2.34 per cent equity of SBI Life Insurance Company, changed hands via block deals on the BSE
State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof
HDFC Life's acquisition of Exide Life Insurance last week has brought back the focus on insurance sector plays. Are they a good bet at the current levels? Here's what charts say
ICICI Pru became the third insurance company to cross Rs 1 trillion market cap after HDFC Life and SBI Life.
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The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
Around 19.24 million equity shares, representing 1.92 per cent of the total equity of SBI Life had changed hands on the BSE till 10:55 am
The price range for the share sale has been set at Rs 1,130 -Rs 1,136.85
The insurer's claims rose 1.28x by volume from FY21 to Q1FY22. In Q1, it has settled 8,956 covid claims, amounting to Rs 570 crore
Analysts believe SBIL is well positioned for long term growth given its strong market position, solid product portfolio, diversified distribution network, healthy capital position.
Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart
Analysts expect SBI Life stock to outperform peers over the next one-two years, riding on the stock growth prospects for the sector
US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell 3.5 per cent stake in SBI Life Insurance amounting to Rs 3,308 crore, a report said
Analysts remain watchful of the impact of the lockdowns announced in various key states due to the resurgence in Covid-19 cases
The French insurer held a 5.20 per cent stake in SBI Life before selling a major part of its stake in the company
M&M has got a green signal from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor
SBI Life showed strong growth of more than 60 per cent in new business premium.