Top Indian Insurance Industry News & Updates - 04 Aug 2023,Friday

🏭 Industry

📝  Ramp Global, IIISLA to digitise insurance claim reporting and management in India
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🗎 Life Insurance

📝  Shriram Life Insurance net falls 12% to ₹35 cr in Q1
📝  Money won’t move from insurers due to tax rules: ICICI Prudential MD
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🏦 SEBI

📝  Sebi puts NSDL’s proposed Rs 3,000-cr IPO in abeyance
📝  Sebi allows OFS for units of private listed InvITs via stock exchange mechanism
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🗎 Pension Funds/PF

📝  EPFO received highest ever total contribution of over Rs 64,800 cr during 2022-23: Labour Ministry
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🗎 Mutual Funds / AMCs

📝  PLI on track; investment commitments at 60% of capex target: SBI MF research
📝  WhiteOak Capital MF surpasses ₹3,900 crore AUM mark in its first year of operations
📝  Union AMC appoints Harshad Patwardhan as CIO
📝  Mutual fund houses launch five multi cap schemes in 2023
📝  66% equity mutual funds underperformed their benchmarks in three years
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Kotak integrates alternate funds, investment advisory businesses; combined assets now at USD 18 bln
📝  India now top-ranked equity market, says Morgan Stanley
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🗎 Govt Securities / Bonds

📝  SEBI looking at standardisation in corporate bond market
📝  BoM Likely to Raise up to ₹1k cr Via Tier-2 Bonds
📝  Investment basket linked to Special Rupee Vostro accounts should include corporate bonds
📝  India bond yields seen rising as US peers jump further, rupee fall to hurt
📝  India online bond trading platform sees glitches; trading halted - traders
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