How to insure the insurance industry
The insurance industry has been roiled by allegations of tax evasion. A poster child of liberalisation, it faces charges of evading GST amounting to ₹5,500 crore. I-T authorities have now reportedly got into the act, sending notices claiming dues of as much as ₹30,000 crore. Most companies that have received notices were born after insurance was opened up to the private sector in 1999.
 

Govt may infuse capital in PSU general insurers in Q4 based on performance
Finance Ministry would consider capital infusion in three loss-making public sector general insurance companies based on their financial performance of nine months. The infusion if required would be made in the fourth quarter of the current financial year, sources said.

Choosing life insurer
Buying a life insurance policy is an important decision for most of us. Here, we discuss a less-addressed factor relating to life insurance — choosing the life insurance company to buy a term insurance policy.

Cyber insurance critical for small, medium enterprises
India’s economic progress today heavily banks on the Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) that are the backbone of the business ecosystem. And, reasonably so, after all, together, these enterprises contribute more than 28 per cent to the GDP generating employment and trade opportunities. However, this also means they need a robust shield against any risks, given the high stakes. Especially, in this age of heavy digital reliance, businesses cannot afford to overlook the high financial and legal implications that come bundled with cyber risks.

Digital supervision and cybersecurity in BFSI
India’s BFSI sector is poised for exponential growth influenced by rising per capita income, technological innovations, an integrated supply chain, and heightened customer financial awareness. In this dynamic landscape, Digital Supervision and Cybersecurity innovation is crucial for industry growth. Protecting sensitive data, preventing cyber threats, and detecting breaches is essential for business continuity, regulatory compliance, customer trust, and financial loss prevention, ultimately fostering a sense of security and trust that boosts business.

Health-tech startup MediBuddy eyes profit in FY25
Healthtech platform MediBuddy expects to turn profitable in the next financial year, following several years of widening losses, said Satish Kannan, the company’s co-founder and chief executive officer.“This year the focus is to turn Ebitda neutral and then continue to keep growing from there. By FY25, we will be fully profitable,” Kannan told Fe. In FY22, the company’s net loss expanded to Rs. 249.3 crores, up from Rs. 102.8 crores in the preceding financial year, as reported by Private Circle data.

PPF returns 41 bps behind formula rates
Returns on the Public Provident Fund (PPF), frozen at 7.1% since April 2020, should have been pegged at 7.51% for this quarter as per the formula-based rates regime for small savings schemes adopted in 2016, Reserve Bank of India (RBI) calculations showed.

Debt MFs continue to attract retail flows despite volatility
Mumbai: Notwithstanding an outflow of ₹1.01 lakh crore last month, inflows into the debt schemes during the first half of this fiscal was much better than the same period last year. Interestingly, inflow into the debt funds in the first half ended September this year was at ₹72,556 crore against an outflow of ₹81,491 crore logged in the same period last year, on the back of improved retail participation.

Mutual Funds: Make the most of changing market trends with flexi-caps
Given the current market uncertainty and the elevated valuations in certain mid-cap and small-cap pockets, investors are preferring to invest in flexi-cap funds. These funds offer the unique advantage of allowing fund managers to switch between large, mid, and small-cap stocks without limitations.

FPIs pull out Rs 12,000 cr from equities October so far; invest Rs 5,700 cr in debt
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed.

ASK launches new realty fund; eyes Rs 1500 crore raise
After raising a Rs 1500 crore for its real estate fund earlier this year, Blackstone backed ASK group has launched a new property fund of similar quantum, said a senior executive of the group .

Indian Bonds in JP Morgan Index: Transforming India’s Fiscal Landscape and Investor Demand
Why JP Morgan’s Inclusion of Indian Bonds in the JP Morgan Government Bond Index – Emerging Markets Signifies a Mix of Positive News for the Indian Economy and a Growing Demand for Enhanced Fiscal Transparency and Accountability?

Pushed to (Brick) wall, bond investors dial Sebi

Mumbai: Investors have sought clarity from the Securities and Exchange Board of India (Sebi) regarding the status of rating actions by Brickwork Ratings after the firm sharply downgraded outstanding bonds of some companies including central public sector undertaking NLC India Ltd.

Sovereign gold bonds back in favour