Hinduja-led IIHL cannot extinguish Esops of Reliance General Insurance Company
 

Choice Broking to manage Karnataka’s livestock insurance
Choice International Limited announced that its subsidiary, Choice Insurance Broking India Private Limited, has been appointed as the intermediary for the centrally sponsored livestock insurance scheme in Karnataka for the fiscal year 2023-24. The formal agreement for this collaboration was signed between the Karnataka Livestock Development Agency and IFFCO Tokio General Insurance Company Limited.

Zomato introduces maternity insurance for women delivery partners
Food ordering and delivery platform Zomato on Wednesday announced the launch of a comprehensive maternity insurance plan for its female delivery partners.

Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
Capital markets regulator Sebi has ordered the defreezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.

Supreme Court hauls up Sebi over show-cause after 10-year probe

The Supreme Court has pulled up the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company after ten years of conducting an investigation for an alleged securities law violation. The case relates to the misuse of funds raised through preferential allotment of shares by Alps Motor Finance.

Sebi shows finfluencer ‘Baap of Chart’ who's the big daddy of Dalal Street

New Delhi: Acting on complaints against finfluencer Mohammad Nasiruddin Ansari who calls himself the 'Baap of Chart' on social media channels, markets regulator Sebi on Wednesday issued an interim order restraining his participation on Dalal Street and impounded alleged illegal gains worth Rs 17.2 crore.

SEBI issues ₹1.8 crore demand notices to former officials of Karvy Group
Capital markets regulator SEBI on Wednesday sent demand notices to three former officials of Karvy Group, asking them to pay about ₹1.8 crore in the case of the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL). The regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days.

Promoting National Pension Scheme in rural India
The National Pension Scheme (NPS), was conceived in 2009 to help India’s 400 million informal sector workers without pension benefits to voluntarily accumulate micro-savings for their old age. But with only only 5 million non-salaried individuals electing to open NPS accounts, the scheme is yet to take off.

Zerodha Fund House Launches Its Maiden Mutual Fund Schemes
Zerodha Fund House on Wednesday (October 25) announced the launch of its maiden funds – Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, open-ended, passive, index equity mutual fund schemes. The NFO opened on 20th October 2023 and will remain open till 3rd November 2023. 

Nithin Kamath’s AMC Zerodha Fund House launches maiden funds
Nithin Kamath’s asset management company (AMC) Zerodha Fund House, a joint venture of the stock broking platform and portfolio investing platform Smallcase, has launched its maiden funds. The new fund offer (NFO) for the same started on October 20 and will be open till November 3.

Kotak Mahindra Mutual Fund launches Kotak Consumption Fund; all you need to know
Kotak Mahindra Mutual Fund announced the launch of the Kotak Consumption Fund. The scheme opened for public subscription on October 25, 2023, and will close on November 08, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

Rajeev Ranka, Dave Kwong elevated as Partners at Incubate Fund Asia
Incubate Fund Asia, a sector-agnostic Japanese VC fund specialising in seed-stage investment has promoted Rajeev Ranka and Dave Kwong as Partners in the fund. The promotion these principals the firm says reflects their significant contribution to the fund and their expertise in the Indian and South-East startup ecosystem.

Keep looking at opportunities and valuations around them: Harsha Upadhyaya, Kotak AMC
Harsha Upadhyaya, CIO-Equity, Kotak AMC, says “from a medium- to long-term perspective, we still continue to be quite positive on India from both earnings perspective as well as how markets are expected to behave. However, in the very short term given the kind of strong performance that we have seen and some reversal inflows as well as some red flags that I mentioned, probably markets would kind of show some weakness or consolidate at current level.”

New Fund Offer: Bajaj Finserv Banking and PSU Fund; check details
Bajaj Finserv Asset Management has launched its fourth fixed-income investment product – Bajaj Finserv Banking and PSU Fund. It is an open-ended debt scheme investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds with relatively high-interest rate risk and moderate credit risk.

MFs find hard to retain SIP investors
The mutual fund (MF) industry is facing a unique challenge of retaining the monthly systematic investors with the number of SIP being discontinued increasing steadily as investors who entered the market at the peak of the cycle having a bitter experience and many others waiting for the opportune time to re-enter the market.

Incubate Fund Asia promotes Rajeev Ranka, Dave Kwong to partners
Bengaluru: The early-stage venture capital (VC) firm Incubate Fund Asia has announced the promotion of two of its principals, Rajeev Ranka and Dave Kwong, to partners. The move comes as the fund aims to build a portfolio of around 20 start-ups with its third fund, which has a target corpus of $50 million. The fund’s India-focused arm also went through a strategic rebranding and is now known as Incubate Fund Asia.

Bondholders of Vedanta parent seek higher rates for rollovers

Mumbai: Vedanta Resources (VRL) bondholders are demanding higher coupons for bonds to be rolled over as the group is paying higher coupons for fresh funds, said people familiar with the matter. VRL is the London-based parent company for Indian-listed resources conglomerate Vedanta Ltd.