LIC’s Mauritius branch temporarily closed due to Cyclone Eleanor; stock trades flat
Bengaluru: Life Insurance Corporation of India (LIC) has informed the stock exchanges that its Mauritius branch is closed temporarily from today, February 22, 2024, on account of Cyclone Eleanor.

ICICI Lombard rolls out campaign ‘Game of Life’
ICICI Lombard, an insurance company, has launched an integrated media campaign ‘Game of Life’. As per the company, the core of the campaign is a film, set in a virtual gaming world mirroring the real one, where the protagonist faces life’s challenges in a third-person game interface.

PFRDA amends trustee bank and CRA regulations for subscriber protection, enhancing ease of doing business
Pension regulator PFRDA has amended its Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations as part of its overall effort at ensuring subscriber protection and enhancing the ease of doing business in the NPS ecosystem. 

NPS scheme: Reliance to HDFC Bank — here are the top five stocks held by National Pension System equity funds
NPS scheme: National Pension System subscriber is required to choose the Pension Fund Manager (PFM) as well as scheme preference while registering in the Central Recordkeeping Agency (CRA) system under NPS. Within the NPS framework, there are multiple PFMs available, along with investment options (Auto or Active), and four asset classes: Equity, Corporate Debt, Government Bonds, and Alternative Investment Funds. The subscriber initially chooses the PFM and subsequently has the option to select one of the investment options after the PFM selection.

HSBC mutual fund fully exits Paytm; Quant, Aditya Birla reduce shareholdings by 72%: Fisdom

After the Reserve Bank of India (RBI) placed operational restrictions on Paytm Payments Bank Ltd. (PPBL) due to the ongoing non-compliance issues and significant supervisory concerns, HSBC mutual fund (MF) completely exited from the stock (One 97 Communications) in January ’24, from its actively managed funds. 

Bharat Highways InvIT to float Rs 2,500 crore IPO on Feb 28
Bharat Highways InvIT, an infrastructure investment trust, on Thursday said it will launch its Rs 2,500 crore Initial Public Offering (IPO) on February 28.

Bank of Baroda raises Rs 2,500 crore via tier-II bonds
State-owned Bank of Baroda (BoB) on Thursday said it has raised Rs 2,500 crore through bonds to fund business growth.

Poor response to green bonds reveals risk aversion of private capital: CEA
Expressing disappointment that India’s sovereign green bonds could attract discount of just one to two basis point in yields compared to traditional bonds, Chief Economic Adviser V. Anantha Nageswaran on Thursday said much of the hype of getting private capital for climate finance remains confined to ‘talks’ only.

Global investor turn to corp debt as spread widen
Source Credit: Saikat Dad & Subhadip Sircar, The Financial Express