Tata AIG General, HDFC Ergo raising Rs 800 crore debt
Tata AIG General Insurance and HDFC Ergo are raising as much as ₹800 crore selling bonds as they seek to enhance solvency in anticipation of a likely surge in demand for fresh insurance policies. The debt, akin to banks' tier 2 capital, would help these insurers improve their solvency ratios which would help them write more covers.

NRI? Here’s how you can save tax on health insurance with GST refund!
For any hard-working and financially-prudent individual, health insurance is a critical product to include in their financial portfolio. If you are an NRI, buying health insurance in India becomes all the more important for you as it helps you safeguard your family back home or even yourself should you seek medical advice when visiting the home country. It is always advisable to buy an appropriate health plan in India at an early age, because the more you wait, the higher the risk of there being complications related to pre-existing diseases.

SEBI told to refund penalty to Apollo Tyres
The Securities Appellate Tribunal (SAT) on Wednesday quashed the order passed by SEBI imposing a fine of ₹65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares back in 2003.

Nomination, PAN, KYC Update Deadlines Extended By SEBI. Check New Date and Details
SEBI Nomination, PAN, KYC Details Update Deadline Extension News (September 27): The Securities and Exchange Board of India (SEBI) has extended the deadlines for nomination in eligible demat accounts and submission of PAN, nomination and KYC details by physical security holders. The choice of nomination for trading accounts has been made voluntary. Following are the details of extended timelines as per SEBI’s fresh circular dated September 26, 2023.

Sebi imposes ₹5 lakh fine on Yes Securities
New Delhi : Markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday imposed a fine of ₹5 lakh on brokerage Yes Securities for irregularities pertaining to settlement of client funds, shortage in collection of margin and for not adhering to leverage and exposure limits.

SEBI may set up panel to clear the ‘promoter’ tag muddle
Mumbai: The Securities and Exchange Board of India (SEBI) may set up a committee under AIBI, an industry body representing investment bankers, to delve into the issue of promoter classification of founders and investors of companies headed for initial public offerings, said two people familiar with the matter.

Sebi examining NSE's proposal for extended F&O trading hours: Report
India's market regulator is examining a proposal from the country's top exchange to extend trading hours for index derivatives but a final decision has not yet been taken, two sources with direct knowledge of the matter said on Wednesday.

PFRDA empowers govt NPS subscribers with default scheme for tier-II accounts
New Delhi: Pension regulator PFRDA has sweetened the deal for government sector NPS subscribers by giving them an additional investment option of default scheme for their tier-II accounts.

PFRDA asks govt to hike guaranteed pension under Atal Pension Yojana
 

Customers can invest in MFs using Visa debit card
Mumbai: Visa, one of the leaders in digital payments, has introduced a new initiative that enables consumers to invest in mutual funds using their Visa debit cards.

How India’s MF ecosystem has evolved since the 90s
It is one of those days that most Gen X investors still remember vividly. A tryst with history on 16 May 1992. A long, serpentine queue had formed in the heart of India’s capital New Delhi early that morning. The restless queue, which was waiting for Unit Trust of India (UTI) to open its office, soon went berserk and the police had to be called in. And all this happened because UTI, the country’s largest fund house then, had launched a close-ended fund, Mastergain 92, and every investor wanted to lay their hands on it, says Dhirendra Kumar, CEO of Value Research.

Consistent funds: 28 schemes offer over 15% in 5, 7, 10-year horizons

Mutual fund investors, especially seasoned investors, always look for schemes that have performed consistently over a long period. That is why ETMutualFunds try to identify consistent performers regularly. We looked at the trailing returns of 144 equity schemes that have been in the market for 10 years and found out that 28 equity schemes have offered more than 15% in five, seven, and 10-year horizons.

ICICI Prudential PMS Contra Strategy turns Rs 1 crore into Rs 2.4 crore in 5 years. Details here
 

CVC Capital mulls sale of controlling stake in HealthCare Global
CVC Capital Partners is exploring selling its controlling stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd., according to people familiar with the matter. The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private. CVC’s stake is worth about $358 million, according to data compiled by Bloomberg.

‘No tax sops for India inclusion in other global bond indexes’
With JPMorgan including India in its emerging market bond index from June 2024 without any tax policy change, the government has made it clear that it has no plans to offer any tax incentive for the bond inclusion in other index providers FTSE Russell and Bloomberg as well.

Govt plans to sell 50-year bond to cater to growing demand from insurance, pension funds
New Delhi: India will sell 50-year bonds for the first time, introducing ultra-long maturity debt to cater to the growing demand from insurance and pension funds.
 

Very difficult for Indian bond yields to slide lower from here: Lakshmi Iyer
Lakshmi Iyer, CEO-Investment & Strategy, Kotak Alternate Asset Managers, says the yield curve is likely to remain elevated for some more time. Rate hike may not be immediately on the cards, but a hawkish undertone given that global factors are dominating the scenario right now could well be the order of the day. Whether the US takes a longish pause or the intermittent pause they took about three months back – is going to be extremely data dependent. The yield curve in India is on a flattish terrain. Usually it is upward sloping. It looks like the flat yield curve is likely to stay at the elevated level for some more time.

India bond yields end higher as borrowing stays unchanged, eye on debt sale
Indian government bond yields ended higher on Wednesday as the government stuck to its borrowing target for the fiscal second half, contrary to market expectations of lowering supply.

Demand from insurers, PFs may have prompted Govt to introduce 50-year bonds: market experts
Demand for ultra-long securities from long-term investors such as pension funds and insurance companies, may have prompted the Government to include bonds of 50-year tenor in its borrowing calendar for the second half (H2) of FY24, say market experts. The longest tenor bonds that the Government has auctioned so far were of 40-year duration. According to the ‘Issuance Calendar for Marketable Dated Securities’ for H2, notified by the Reserve Bank of India in consultation with the Government, the Centre will mop up a total of Rs 30,000 crore through three auctions (of Rs 10,000 crore each) of 50-year Government Securities (G-Secs).

Adani Ports offers to buy back up to $195 mln of 2024 bond
Adani Ports and Special Economic Zone will buy back as much as $195 million of its 2024 bond, the billionaire Gautam Adani-led company said in an exchange filing on Wednesday.

JP Morgan bond index inclusion: Fitch foresees minimal boost to India's credit profile

Fitch Ratings on Wednesday said the inclusion of Indian sovereign bonds in JP Morgan's key emerging-market bond indexes will support a diversification of the investor base, but the positive effect on the country's credit profile will likely be marginal, at least in the near term.