LIC posts highest ever half-year PAT of ₹17,469 crore
Mumbai: Life Insurance Corporation (LIC) of India posted a net profit of ₹17,469 crore for H1 FY24, the insurer’s highest ever half-yearly profit, largely on account of transfer of ₹13,768 crore,  pertaining to accretion on available solvency margin, from non-participating policyholders’ fund to shareholders’ account.

GST dept searches Aviva Life Insurance office for alleged tax evasion
India's tax inspectors searched the office of British insurance giant Aviva's life insurance unit near New Delhi last week and seized documents as part of an investigation into alleged tax evasion, sources familiar with the matter said.

National Insurance Company records profit of Rs 424 crore in Q2FY24

In the first quarter of FY24, the loss of the company stood at Rs 379.28 crore.
 

Sebi resolves over 3,500 complaints through SCORES in October
New Delhi: Sebi has disposed of 3,533 complaints against companies and market intermediaries through its online grievance redressal system SCORES in October, according to the data released by the capital markets regulator. As many as 16 complaints were pending for more than three months on SCORES as of October-end, involving 12 entities such as SBI Mutual Fund, UTI Mutual Fund, JSW Steel Ltd, Waree Renewable Technologies Ltd, Sundaram Mutual Fund and Tirupati Fincorp Ltd. At the beginning of October, there were 5,259 complaints pending and 3,369 fresh complaints were received, as per the data released by Sebi on Monday.

The regulator said it had 5,083 pending actionable complaints as of October-end, excluding 12 complaints that were under regulatory actions or legal proceedings. Further, Sebi noted that it had received 159 reviews of complaints. A complainant can request a review within 15 days after the disposal of their complaint. These complaints, which were disposed of during the October 16-31 period, can also be reviewed during the next month for further action.

HDFC Mutual Fund captures the unbreakable bond on Children's Day
In celebration of Children's Day, HDFC Mutual Fund unveils a heartfelt campaign capturing the essence of the unbreakable bond between children and parents. The campaign, showcased through a video, draws parallels between the enduring trust shared by parents and their children and the concept of Systematic Investment Plans (SIP).

Net additions of SIP accounts reach record high of 1.7 million in October

The net additions of systematic investment plan (SIP) accounts reached a record high of 1.7 million in October, taking the total SIP folio count to 73 million, according to the data from the Association of Mutual Funds in India (AMFI).