Reliance Nippon takes 49K sq ft BKC space on 5-year lease, to pay 62.4 crore
Reliance Nippon Life Insurance has taken a 48,924 square feet space on lease in Inspire BKC, a commercial property owned by Adani Group in Bandra Kurla Complex (BKC), Mumbai, said sources in the know.

Pramerica Life Insurance introduces Pramerica Life RockSolid Future with assured returns. Details here
Pramerica Life Insurance recently launched its newest product, Pramerica Life RockSolid Future. This recently introduced plan is an individual, non-participating, non-linked savings life insurance plan. It provides policyholders with the flexibility to choose between guaranteed regular income or a lump sum payout upon maturity, accompanied by tax benefits.

Term Insurance: HNIs look for customised plans
High net-worth individuals (HNIs) are prioritising protection for themselves and their dependents from unexpected adversities by buying substantial term insurance cover. Life insurers are offering customised policies to HNIs offering coverage avenues tailored for wealth preservation and legacy security.

LIC shares jump 10% to record best day since listing

Shares of Life Insurance Corporation (LIC) jumped 10% today to record best single-day gain since listing. Investors appear to be buoyed by the company's plans to launch 3-4 new products over the coming months to push growth in its new business premium (NBP).

Karnataka Bank joins hands with Bajaj Allianz Life Insurance, shares up
Karnataka Bank Ltd.’s shares were up by 0.05 per cent after the company entered into a corporate partnership with Bajaj Allianz Life Insurance Co Ltd, to distribute life insurance products to its customer base. The collaboration aims to capitalise on Bajaj Allianz Life’s product expertise and Karnataka Bank’s distribution network of over 900 branches. The life insurance offerings are designed to cater to diverse life stages and financial needs, providing customers with structured insurance solutions aligned with their requirements.

General Insurance shares jump 14%, hit 52-week high. Here’s why!

Shares of General Insurance Corporation jumped 14% to hit their 52 week high of Rs 301.80 on the NSE on Friday after the company informed exchanges about upward revision in its credit ratings by US-based rating agency A M Best.

'Claim denied': Mistakes in health insurance that can give you heartache
Policy owners need to understand why claims are rejected and avoid errors.

75% of health insurance claims rejected; here’s how to avoid rejection
Having health insurance is crucial for ensuring financial protection in case of medical emergencies. However, it is disheartening to know that a majority of claims get rejected by insurance companies. 

Sebi eases trading guidelines for insiders
The Securities and Exchange Board of India (Sebi) issued a consultation paper on Friday which proposes significant flexibility in trading plan provision – a move that could make trading easier for promoters and top officials of companies.

SEBI floats paper to offer flexibility on share trading by company insiders
Mumbai - The Securities and Exchange Board of India plans to ease regulations that will give better flexibility to key managerial personnels (KMP), who typically possess unpublished price-sensitive information (UPSI), for trading shares of their company.

Sebi to relax trading rules for CXOs
 

Concern on market valuation unwarranted: Birla MF
Mumbai: Birla Sun Life Asset Management Company wants investors to ignore the growing noise of concern over market valuation and focus on asset allocation to generate long term wealth through mutual fund investment. A Balasubramanian, Managing Director, Birla Sun Life Asset Management Company told businessline that the high valuation of Indian equity markets compared to global peers is justified given the certainty of future economic growth amid turbulence in the global market.

Hybrid mutual funds catch investors' fancy, attract Rs 72,000 crore in past 7 months
Hybrid mutual fund schemes have been gaining popularity among investors with the category attracting over Rs 72,000 crore in the past seven months, following a change in taxation for debt funds and huge inflow experienced in the arbitrage category. Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.

Sundaram Alternates expects to raise DFI funds after its adoption of IFC standards for real estate projects
Chennai: Sundaram Alternates, which is currently pooling money for its fourth real estate debt fund, expects to raise money from global development finance institutions, consequent to it adopting the ‘EDGE code’ of IFC, Washington. EDGE is a sort of a guideline for evaluating the ‘greenness’ of real estate projects.  

All you need to know about Bajaj Finserv Balanced Advantage Fund
Bajaj Finserv Mutual Fund announced the launch of the Bajaj Finserv Balanced Advantage Fund, an open-ended dynamic asset allocation fund suitable for investors wanting to invest in equity and equity-related instruments including derivatives, and fixed-income instruments.

Sundaram Mutual Fund files draft document for Multi Asset Allocation Fund

Sundaram Mutual Fund has filed a draft document for Sundaram Multi Asset Allocation Fund. The scheme will be an open-ended scheme investing in equity, debt and money market instruments, and commodity ETFs.

Pankaj Tibrewal quits Kotak Mutual Fund

Pankaj Tibrewal, Senior Executive Vice President and fund manager, will leave Kotak Mutual Fund by the end of November, the fund house said. Tiberwal has been associated with the fund house since 2010 and he manages some prominent schemes like Kotak Small Cap Fund, Kotak Emerging Equity Fund, Kotak ELSS Tax Saver Fund, Kotak Business Cycle Fund, Kotak Multi Asset Allocation Fund, Kotak Equity Opportunities Fund, and Kotak Debt Hybrid Fund.

Markets are not overly rich from valuation perspective: Suresh Soni of Baroda BNP Paribas MF

Baroda BNP Paribas Mutual Fund has been busy launching new funds in 2023. The fund house launched six NFOs in the current year. ETMutualFunds spoke to Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund, to find out what is happening in the fund house and his thoughts on important topics like inflation, interest rates, markets and so on.

Edited interview.

Bajaj Finserv Mutual Fund files draft documents for two Nifty ETFs

Bajaj Finserv Mutual Fund has filed draft documents for two Nifty ETFs: Bajaj Finserv Nifty Bank ETF and Bajaj Finserv Nifty 50 ETF.

India to attract more investments from global corporations, investors in 2024: Goldman Sachs
In a dynamic, volatile global macroeconomic environment where set paradigms are shifting, India, seen as sector-averse, is likely to attract more investments from global corporations and investors.

Bank of Baroda plans ₹5,000 crore infrastructure bonds
Mumbai: Bank of Baroda (BoB) has decided to issue, in first tranche, Infrastructure Bonds aggregating up to ₹5,000 crore for a tenor between 7 to 10 years. The bond issue will comprise a base issue of ₹1,000 crore and green shoe option of up to ₹4,000 crore.  The public sector bank, in a regulatory filing, referred to its disclosure last week regarding its intention to raise Infrastructure Bonds of up to ₹10,000 crore (base issue of ₹2,000 crore and green shoe option of ₹8,000 crore) for a tenor of up to 7 years.