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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