Top Indian Insurance Industry News & Updates - 25 April 2023,Tuesday
🗎 Life Insurance
📝 India tax department cracks down on Bajaj Allianz, ICICI Prudential amid wider probe - sources
📝 LIC total premium rises 17 pc to Rs 2.32 lakh cr in FY23
📝 Axis Bank, HDFC Bank invest in IPO-bound GoDigit’s life insurance business
📝 LIC stake in L&T Technologies crosses 5%
📝 HDFC Life soars as RBI allows more stake to promoter
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🗎 General Insurance
📝 IndusInd Bank to apply for insurance licence
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🏦 SEBI
📝 Sebi recommends cancelling registration of eight AIFs
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🗎 Pension Funds/PF
📝 Higher EPS pension: EPFO rolls out new circular to detail process for wage info validation, scrutiny at field level
📝 Higher pension: Another month for joint-option applications, corrections
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🗎 Mutual Funds / AMCs
📝 Rush for indexation benefit brings flood of money to index funds
📝 Best Tax Saving Mutual Fund: 12 ELSS schemes with over 28% returns in 3 years
📝 Why DSP MF’s Kalpen Parekh has a preference for hybrid funds
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 TVS ILP looks to raise up to $100 million via warehouse InvIT
📝 Vistaar Capital told to wind up film fund in six months
📝 Hedge funds place biggest ever short on treasuries
📝 Large global PE firms, local investors eye stake in BoB’s credit card arm
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🗎 Govt Securities / Bonds
📝 Adani Ports starts $130-m buyback of debt securities
📝 India's 10-year bond yield ends at 1-year low on policy pivot bets
📝 Benchmark yield slips to 7-month low
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