Top Indian Insurance Industry News & Updates - 25 May 2023,Thursday
🏭 Industry
📝 AIC to launch insurance products for livestock, aquaculture and sericulture: CMD
📝 Big relief for cash-strapped highway developers! FinMin nod to conversion of bank guarantees to surety bonds, says Gadkari
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🗎 Life Insurance
📝 LIC Q4 net profit surges over 5-fold to Rs 13,191 cr
📝 LIC net surges over 6-fold in Q4; declares Rs 3 dividend
📝 Market value of LIC investment in Adani stocks hits `44,670 crore
📝 Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholder
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🗎 General Insurance
📝 Easing of EoM norms for PMFBY won’t impact AIC much: Chairman
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🏦 SEBI
📝 Sebi mulls prohibiting differential rights to AIF investors
📝 SEBI tightens reporting requirements for offshore funds
📝 Rule barring investment by opaque funds done away with by SEBI on ‘weak grounds’
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🗎 Pension Funds/PF
📝 EPF vs PPF vs VPF: Which retirement plan is best for you? Know here
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🗎 Mutual Funds / AMCs
📝 SEBI approves HDFC Bank as new owner of HDFC AMC
📝 Looking for mutual fund schemes to manage liquidity? Here is a pool of options for investors
📝 Invest long term, invest in India: Quant founder Sandeep Tandon
📝 HDFC AMC gets SEBI's final approval for change in control due to merger
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 KKR Infra fund looks to buy majority stake in supply chain firm leap India
📝 CPP Investments’ India portfolio hits Rs 1.3 trillion
📝 SBFC Finance secures pre-IPO funding of ₹150 cr from Amansa
📝 Fresh tax troubles brewing for FPIs
📝 ‘India is a shining light in venture ecosystem, Rajat Agarwal, MD, Matrix Partners India
📝 FDI flows plummets 16% in FY23 to USD 71 billion
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🗎 Govt Securities / Bonds
📝 Indian bond yields seen little changed, higher US yields hurt
📝 T-bill yields slump on expected rise in system liquidity
📝 IRFC, NHB raise Rs 4,500 crore via bond issues
📝 Surety bond relief for highway companies
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