Top Indian Insurance Industry News & Updates - 01 Sep 2023,Friday
🏭 Industry
📝 LIC loses more than ₹1,400 crore in six Adani stocks in just a day; details here
📝 LIC celebrates its 67th anniv with outstanding performance
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🗎 Life Insurance
📝 ICICI Pru launches life policy with 30-year regular income
📝 Max Financial issues clarification on Axis deal, dismisses reports on violation of norms
📝 LIC revival campaign for lapsed policies
📝 Bharti AXA Life Insurance appoints Rikhil Shah as its chief financial officer
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🗎 General Insurance
📝 Indian market's short-term outlook clouded by valuation risks: Niraj Kumar of Future Generali Insurance
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🏦 SEBI
📝 Regulating Finfluencers: SEBI walks the walk
📝 Sebi rejigs panel on alternative investment policy; expands to 25 members
📝 Sebi extends timeline to submit public comments on proposal concerning account aggregator
📝 Sebi order on Cairn UK dividends may cloud Vedanta's prospects as debt pressure mounts
📝 Sebi proposes validation agency to verify performance claims of registered entities
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🗎 Pension Funds/PF
📝 PFRDA Intranet: Last date for submitting bids for system integrator extended to Sept 18
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🗎 Mutual Funds / AMCs
📝 MFs’ investment in NBFC CPs crosses ₹1 lakh crore for the first time since August 2019
📝 Rank MF appoints Prashant Gupta as national sales head
📝 AMCs bearing expenses for passive schemes come under SEBI lens
📝 Helios Mutual Fund files draft for a flexi cap fund
📝 Kotak Mutual Fund launches Kotak Multi Asset Allocation Fund
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Alternative investment funds and innovative opportunities for investors
📝 Growth of infra debt funds needs more than easier rules
📝 FIIs offload ₹2,973 crore in Indian equities, emerge net sellers in August; Net buyers DII invest ₹4,383 crore
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🗎 Govt Securities / Bonds
📝 Central Bank of India raises ₹1,500 cr via 10-year bonds at 8.80%
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