Foraying into retail ARC at this point is good biz for Shriram Group: Jasmit Singh Gujral
With the market getting crowded with wholesale asset reconstruction companies or ARCs, financial services conglomerate Shriram Group's decision to focus on retail ARC is seen as a foray at the "right time," said a top official. The Shriram group recently announced its entry into retail asset restructuring (ARC) and also into digital wealth management service businesses.

Covering climate change risks poses a major challenge for insurance industry

Climate change will significantly impact the insurance industry with higher severity of catastrophic losses, inadequacy of property coverages, and higher business interruption losses, said MR Kumar, former Chairman, LIC of India. Speaking at the 7th Birla Institute of Management Technology Insurance Colloquium, he said that India is one of the most vulnerable countries to climate-induced flooding and heat stress. “The city of Mumbai could suffer economic damages of $49 to 50 billion by 2050 due to sea level rise. Insurers must integrate both physical and transition risks, and find ways to manage them effectively. Policymakers may need to require insurers to extend coverage where economically unfeasible,” he added.

We will grow above 28% this fiscal: Shriram Life MD Casparus J H Kromhout

Overall life insurance penetration in India is hardly 3-4 per cent now. How do you look at this?

Star Health introduces Smart Health Pro as a digital and customisable health insurance product; all you need to know
Star Health and Allied Insurance introduced Smart Health Pro, a digital-exclusive health insurance policy. This innovative policy offers customers the freedom to customise their coverage by choosing from five optional add-on covers. Specifically designed to meet the changing requirements of India’s digitally inclined population, the policy enables individuals to select a sum insured that suits their unique needs, ranging from ₹5 lakh to ₹1 crore.

CCI approves acquisition of additional stake in Niva Bupa Health Insurance
Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of international healthcare group The British United Provident Association Ltd (Bupa).
 

Sahara matter will continue even after Subrata Roy’s death: Sebi chief
Sebi chairperson Madhabi Puri Buch on Thursday said the Sahara matter will continue for the capital markets regulator even after the death of the group’s founder Subrata Roy. Roy died in Mumbai on Tuesday after a prolonged illness at the age of 75. Speaking to reporters on the sidelines of a Ficci event, Buch said for Sebi, the Sahara matter was about an entity’s conduct and added that it will continue regardless of whether an individual is there or not.

Sebi board to discuss changes on delisting at next meeting: Buch
Sebi chairperson Madhabi Puri Buch on Thursday said the markets regulator's board will be discussing potential changes on delisting at its next meeting. Addressing an event organised by industry body Ficci, Buch said the Sebi management will also table changes on insider trading norms before the board either in December or January.

We believe the majority of rate hikes is behind us: Aakash Desai, CIO & Head, Private Credit at 360 ONE Asset
Bain Capital-backed 360 ONE Asset Management has received an overwhelming response to its private credit fund. In an interview with businessline, Aakash Desai, CIO & Head, Private Credit at 360 ONE Asset, throws some light on the industry.

FPIs' investment value in Indian equities rises 15% to $651 bn in September quarter
The value of foreign portfolio investors' holdings in domestic equities reached $651 billion in the three months ended September 2023, which was 15% higher than the year-ago period, according to a Morningstar report.

FIIs buy Indian equities for 2nd straight day, invest ₹957.25 crore; DIIs purchase ₹705 crore
Foreign Institutional Investors (FII), on Thursday, snapped their selling streak by purchasing worth ₹13,546 crore amid festive season after the stock market ended on a higher note for second day straight.

Edelweiss Alternatives aims to raise up to Rs 5,000 cr via rental yield fund

Bengaluru | Mumbai: Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, plans to raise up to ₹5,000 crore from both onshore and offshore investors through its new rental yield plus fund, said a senior company executive.

Investors in thematic funds hurt returns by trading too frequently: Morningstar
Investors in thematic funds cut their returns by nearly two-thirds through badly-timed trades, a report by Morningstar Manager Research showed.