Top Indian Insurance Industry News & Updates - 10 Aug 2023,Thursday
🏭 Industry
📝 ICICI Lombard gets Rs 273 crore GST demand notice
📝 CAG red flags lapses in Ayushman Bharat scheme
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🗎 Life Insurance
📝 Axis Bank to acquire balance 7% stake in Max Life for Rs 1,612 crore
📝 Life insurers’ new biz premium falls 28.7% as LIC’s premium dips 47%
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🗎 General Insurance
📝 ICICI Lombard responds to GST notice, alleging tax demand of ₹273 crore; check here
📝 Bajaj Allianz extends pet insurance to cover cats
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Insuretech
📝 InsuranceDekho looks to raise over $50 million at $650-700 million valuation
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🏦 SEBI
📝 Sebi halves listing timeline to 3 days post IPO closure
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🗎 Mutual Funds / AMCs
📝 MF equity inflow falls further as investors book-profit
📝 Expect RBI to cut rates in first half of next calendar year: Shibani Sircar Kurian
📝 New Mutual Fund offers a chance to make money from innovative and disruptive technologies
📝 Large outflows hurt equity MFs in July
📝 What are Index funds? Why have they become popular? How to pick right one
📝 As markets rally, redemption by mutual fund investors from equity schemes rises in last 4 months
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 July's VC funding wave breathes new life into startup ecosystem
📝 IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India
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🗎 Govt Securities / Bonds
📝 SP group firm’s bond offers 16-17% yield but here’s the risk
📝 Bond yields in narrow range to limit banks’ Treasury Gains
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