LIC Jeevan Utsav: New life insurance plan launched with lifetime guaranteed returns

Life Insurance Corporation of India (LIC) has launched a special scheme, named Jeevan Utsav. LIC’s Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan.

ICICI Lombard General Insurance among 5 stocks with long buildup
Open interest indicates that bulls are likely to dominate the following counters.

10 equity funds multiplied wealth by 3.5x in seven years

Around 10 equity mutual fund schemes have multiplied investors’ wealth by approximately 3.5 times in a seven year period on lumpsum investments, data crunching by ETMutualFunds showed. ETMutualFunds looked at the performance of 162 equity schemes that have completed seven years in the market.

Mission1 Investments completes 23% stake acquisition in Shriram AMC
Mission1 Investments LLC has completed the acquisition of a 23 per cent stake in Shriram Asset Management Company Limited by converting its securities into equity shares, now holding 29,94,349 equity shares in Shriram AMC. The Securities Issue Committee of Shriram AMC’s Board of Directors allotted 49,11,021 equity shares in exchange for the conversion of Mission1 Investments LLC and Shriram Credit Company Limited securities. 

US yields rise after data; 10-yr eyes biggest monthly drop in 12 years
New York: U.S. Treasury yields climbed on Thursday, even after economic data on consumer spending and inflation provided more evidence the Federal Reserve could cease hiking interest rates, but the benchmark 10-year US Treasury yield was poised for its biggest monthly drop since August 2011.

India benchmark yield sees biggest monthly drop in six in Nov
India's benchmark bond yield posted its biggest monthly drop in six in November, tracking a plunge in U.S. Treasury yields, as investors turn to central bank monetary polices in the last month of the year.

SBI plans AT-1 bond raise of up to Rs 5,000 cr as credit growth surges

Mumbai: State Bank of India, the country's largest lender by share in outstanding bank loans, may consider raising funds through additional tier-1 (AT-1) bonds toward the end of December to augment its capital base at a time when demand for credit remains strong in Asia's No. 3 economy.