Cyber insurance gains momentum in India; set to witness exponential growth: Deloitte
New Delhi: The cyber insurance market in India is expected to grow by 27-30 per cent in the coming years, a Deloitte report said forecasting cyber insurance gaining momentum. The report indicates that the current Indian cyber insurance market is valued at USD 50-60 million, maintaining a steady 27-30 per cent compound annual growth rate (CAGR) in the past three years.

Medical insurance claims of many dengue patients in Kolkata get rejected
Medical insurance claims of many dengue patients in Kolkata are getting rejected because the insurance companies feel they did not require hospital admission.

Investment advisors can charge fees only for advisory, not PMS, says Sebi Chair
Securities And Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch made a strong case for differentiating between investing advisory and money management, reported Financial Express.

Sebi slaps Rs 55 lakh penalty on 11 entities for non-genuine trades
New Delhi: Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 55 lakh on 11 entities for indulging in non-genuine trades in illiquid stock options segment on the BSE. In 11 separate orders, the regulator slapped a fine of Rs 5 lakh each on Sanjay Kumar Agarwal HUF, Manoj Agrawal, Kanta Didwania, Harish Chandra Baldewa, Daksha Kirit Patel, Bestway Dealcom, Ziya Merchandise, S K Agarwal, and Sons HUF, Sumit Agarwal, Spectrum Technoprojects Pvt Ltd, and Sanjeev Mittal HUF.

SEBI to tell court Adani inquiry began 2014, but hit dead end: sources
Markets regulator SEBI will tell the Supreme Court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter.

Edelweiss Mutual Fund launches Multi Cap Fund. Should you invest?
Mumbai: Edelweiss Mutual Fund has launched Edelweiss Multi Cap Fund, an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks. The new fund offer of the scheme opened for subscription on 4th October and will close on 18th October 2023.

29 equity mutual funds offer over 20% in 10 years

Around 29 schemes have given more than 20% in 10 years, a study of trailing returns by ETMutualFunds showed. Around 144 schemes have completed 10 years of existence in the market, but only a small fraction managed to offer an impressive 20% or more in 10 years.

PGIM India AMC launches Category III AIF
 

New Fund Offer (October 2023): WhiteOak Capital Balanced Hybrid Fund launched. Check details
WhiteOak Capital Mutual Fund has launched the ‘‘WhiteOak Capital Balanced Hybrid Fund’, which is an open-ended balanced scheme investing in equity and debt instruments. The New Fund Offer (NFO) opened from today (October 5, 2023) and will remain open till October 19, 2023. 

PE firms Norwest, GA eye Oyo stake
 

Growth of private credit can deepen bond market: Srini Sriniwasan, MD, Kotak Alternate Asset Managers
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