LIC pays ₹1,831.09 crore dividend to Centre
LIC Chairman Siddhartha Mohanty on Thursday presented a dividend cheque of ₹1,831.09 crore from LIC to the Union Finance and Corporate Affairs, Minister Nirmala Sitharaman.

Karnataka rolls out Rs 4 lakh insurance cover to gig workers
Chief Minister Siddaramaiah on Thursday announced implementation of insurance cover worth Rs 4 lakh to each gig worker in Karnataka. The scheme would cover about 2.3 lakh gig workers, the CM said in a post on social media platform X.

LIC sells over 2% stake in Sun Pharma for Rs 4,699 crore
LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale.

Health insurance: As Nipah starts to spread, should policyholders buy add-on covers to expand their coverage?
While the ghost of Covid-19 still not dead, another virus Nipah is sending a chill down the spine of the people in Kerala. Although the number of confirmed cases is still in the single digits, the highly infectious nature of this virus is keeping the coastal state on edge.

Star Health launches UPI QR code based payments
Star Health and Allied Insurance on Thursday announced UPI (Unified Payments Interface) QR code-based payment option for policy purchases and renewals. The customized solution simplifies the customer purchase experience to a few clicks, said the company.

Will your newborn baby be covered under your company health insurance policy with maternity benefit? Check if you need to act

If you are a young couple thinking of having children, a critical decision to make is whether you should go for maternity cover with your personal health insurance policy or not. If you take a policy with maternity cover, the premium will be higher.

If you go without maternity cover, you will have to bear the entire expenses yourself, unless you have a corporate health policy that covers maternity. However, the most critical issue will be coverage of newborn children which you must check before planning your family. We explain how maternity cover works in a health insurance policy and how to decide if you should buy a health insurance policy with maternity cover?

SEBI may tighten norms for broker partners to curb unauthorised trades, misselling
The Securities and Exchange Board of India (SEBI) has raised concerns on the proliferation of authorised persons (AP) and has asked brokers to keep a closer tab on their activities.

Sebi revokes cancellation of Brickworks licence, but restrains company from onboarding new clients
Mumbai: The Securities and Exchange Board of India (Sebi) has revoked its earlier order cancelling the licence of Brickwork Ratings and passed several directions on the rating agency.

HDFC AMC brings a new equity mutual fund scheme under pharma and healthcare theme. Check details
HDFC Asset Management Company (AMC) the investment manager to HDFC Mutual Fund, has launched HDFC Pharma and Healthcare Fund. In a statement, the AMC said HDFC Pharma and Healthcare Fund is an open-ended equity scheme that will invest in pharma and healthcare-related companies with a bottom-up approach for stock selection.

Values at new high, valuations are not; it’s not an overheated market: Anand Shah
Anand Shah, Head- PMS & AIF Investments, ICICI Prudential AMC, says “overall, on the valuations front, we are still finding select opportunities. So to that extent, it is not an overheated market. I can repeat that while the values are at new high, the valuations are not. So it is not that concerning that I need to raise significant cash in the portfolio at this point.”

HDFC Mutual Fund launches HDFC Pharma and Healthcare Fund

HDFC Mutual Fund has launched HDFC Pharma and Healthcare Fund, an open-ended equity scheme investing in pharma and healthcare companies.

Bandhan Mutual Fund files draft for multi asset allocation fund

Bandhan Mutual Fund has filed a draft for a multi asset allocation fund. Bandhan Multi Asset Allocation Fund will be an open-ended scheme investing in equity and equity-related instruments, debt and money market securities, and gold/silver index/ETFs.

Artha launches syndicate fund for family offices, HNIs
New Delhi: Artha Group has launched Artha Continuum Fund (ACF), a syndicate fund, for family offices and ultra-high net-worth individuals (UHNIs).

FIIs take U-turn, invest ₹295 crore in Indian equities as Sensex, Nifty scales record highs, DIIs sell ₹51 crore
Foreign institutional investors (FIIs) took a breather off its selling spell and shifted gears on Thursday, September 14, after domestic equity benchmarks Sensex and Nifty scaled fresh record-high peaks on positive macroeconomic data. The domestic institutional investors (DIIs) were net sellers and offloaded ₹50 crore in Indian stocks today.

JP Morgan to provide for taxes from September end

Mumbai: Starting later this month, one of JP Morgan's emerging market bond indices will have provisions for the impact of withholding taxes on international investors, a step that could be a possible precursor for the long-awaited inclusion of India's sovereign debt on a global index.