Top Indian Insurance Industry News & Updates - 14 March 2024,Thursday

🗎 General Insurance

📝  Royal Sundaram General Insurance inks pact with Dvara KGFS
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🏦 SEBI

Cairn dividends: SEBI restrains Vedanta’s former Vice-Chairman Navin Agarwal from dealing in securities for 2 months
New Delhi: SEBI on Tuesday restrained Vedanta Executive Vice-Chairman Navin Agarwal and his daughter, Priya Agarwal, from dealing in securities for delay in payment of dividends to Cairn UK Holdings (CUHL). The capital markets regulator also ordered Vedanta, earlier known as Cairn India (CIL), to pay ₹77.62 crore to the Edinburgh (Scotland)-based CUHL, which is now known as Capricorn UK Holdings.
SEBI chief bats for sachetisation of REITs and InvITs

“The strength of our equity market comes from our retail investors. What it reflects is the fractional ownership of companies. In a similar manner, the fractional ownership of real estate and infrastructure is where the strength of the country will lie,” Madhabi Puri Buch said during the fifth SEBI-NISM Research Conference held in Mumbai.
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🗎 Mutual Funds / AMCs

The sweet spot lies in the mid-caps, says Niket Shah of Motilal Oswal
Before deciding to invest, young investors are advised to go through a company’s financial investment rather than adhering to the advice they receive on X (formerly twitter), believes Niket Shah, fund manager, Motilal Oswal Asset Management Company (MOAMC) in a telephonic interview with MintGenie.
There’s a need to be cautious in the market… there’s little bit of froth in low floating stock counters: Nilesh Shah
Nilesh Shah MD, Kotak Mahindra Asset Management Company, says there is a need to be cautious in the market so that people don’t end up getting swayed by the low floating stocks, prices and valuations in uncharted territory. “This is the reason why the regulator and the mutual fund industry are trying to caution people that if they are coming to small caps, they should not come with last one year’s return expectation, that’s not going to happen,” Shah says in in an interview to HITESH VYAS and GEORGE MATHEW.
📝  ICICI PRU MF biggest buyer in BAT stake sale at Rs 4,963 crore
📝  ICICI Prudential 5th mutual fund to restrict inflow in smallcap schemes
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🗎 Equities, Pvt. Equity / Hedge Funds

Indian equities not in bubble territory: Uday Kotak
Veteran banker Uday Kotak has said that Indian equities are showing signs of froth but ruled out the build-up of a serious bubble akin to what the Japan’s equity market witnessed in 1989.
📝  VC funding for startups falls 63% to $9.6bn
📝  FPIs lap up REITs, InvITs, wrap up earlier commitments
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🗎 Govt Securities / Bonds

📝  REITs, INVITs, Muni bonds offer huge opportunities: Sebi Chair Buch
📝  India's inclusion in global bond indices to up foreign investor interest in corp debt as well: Buch
📝  Inflows into index-eligible Indian bonds set to hit $10 billion
📝  Why 2024 could be a good year for the Indian bond market: Rahul Bhuskute explains
📝  Corporate bonds to gain too: Sebi chief
📝  IIFL Finance board approves Rs 1500 crore rights issue and NCDs worth Rs 500 crore
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