Insurers need to check mis-selling of their products to customers: Insurance Ombudsman Delhi
Insurance companies have to keep a check on incidents of mis-selling, Insurance Ombudsman Delhi region Sunita Sharma said on Monday. Stressing that customers are the king and insurers are in existence because of customers, she said companies should avoid mis-selling products.

Oriental Insurance hopes to turn profitable by end of FY24: R R Singh
The public sector non-life insurer narrowed its losses to Rs 47.12 crore in the first half of the financial year 2024 from Rs 3,586.93 crore recorded in the same period a year ago. However, Oriental Insurance said that the figures are not comparable with the year-ago period because the firm paid a wage revision arrear in H1FY23.

How to use employer health policy for childbirth expenses
Group health insurance policies offered by employers come with a sub-limit for maternity delivery claims. Further, there will be separate sub-limits for normal and caesarean (C-section) deliveries. So, the amount you would be eligible as an employee for childbirth expenses would depend on the type of delivery and the sub-limit offered by the policy.

IPO-bound Go Digit gets notice, advisory from insurance regulator
Mumbai: Bengaluru-based insurtech start-up Go Digit General Insurance, in which Canadian company Fairfax is a key shareholder, has received a show cause notice and multiple advisories from the Insurance Regulatory and Development Authority of India (IRDAI) last month, the company’s addendum to its draft prospectus filed with the market regulator last Friday said.

Sebi asks brokers to inform most important terms and conditions to clients
New Delhi: For ease of understanding, capital markets regulator Sebi on Monday asked brokers to inform a standard "most important terms and conditions" to the clients, which will be acknowledged by them. The form, nature of communication, documentation, and detailed standards for implementation of "most important terms and conditions or MITC" will be published by January 1, 2024, by the Brokers' Industry Standards Forum (ISF), under the aegis of stock exchanges, in consultation with Sebi, according to a circular by the regulator.

Federal Bank’s arm Fedfina, IREDA get nod from Sebi to float IPOs
Four firms — Fedbank Financial Services, Indian Renewable Energy Development Agency, EPACK Durable and Suraj Estate Developers — have received capital markets regulator Sebi’s approval to raise funds through initial public offerings (IPO).

‘Take a 5-year view, not Samvat to Samvat’, Nilesh Shah, MD and CEO of Kotak Mutual Fund
The real challenge in India’s consumption story lies at the bottom of the pyramid, and the festive season should provide a shot in the arm. Nilesh Shah, MD and CEO of Kotak Mutual Fund, tells Siddhant Mishra in an interview that investors should go for asset allocation funds and be ready to endure volatility before investing in equities. Excerpts:

Inflow in mutual fund industry drops to Rs 34,765 crore in Q2
The mutual fund industry continued with the positive momentum in the September quarter, attracting Rs 34,765 crore, although it was a massive reduction as against the Rs 1.85 lakh crore inflow in the preceding quarter, primarily due to withdrawal from debt segment.

Mutual funds sell 13.36 crore shares of Suzlon Energy after 369% rally in 6 months

Following a sharp one-way rally in smallcap stock Suzlon Energy in the last few months, mutual funds chose to book profits by selling around 13.36 crore shares of the multibagger in October.

Private equity firm Faering Capital buys stake in FA Gifts

Private equity firm Faering Capital has invested $16 million in direct-to-consumer group FA Gifts, which owns online-first bakery chain Bakingo and e-commerce gifting platform Flower Aura, for a minority stake in the company.

FPIs selling spree continues; pull out Rs 5,800 cr from equities in November
New Delhi: Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed.

Here's everything you need to know about AT-1 bonds

Mumbai: Earlier this month, Swiss banking giant UBS sold additional tier-1 (AT-1) bonds for the first time after taking over beleaguered banking peer Credit Suisse in March. Globally, these fund-raising instruments have attracted much controversy as investors have been found holding the wrong end of the stick and suffered huge losses after deploying money in these high-risk, high-return instruments. Here is an explainer on what these bonds are, why they have repeatedly grabbed global headlines and what the Indian context is.