Tax on insurance likely to be cut to 5% at GST Council meet
The Goods and Services Tax (GST) Council will likely meet in June or early July to consider reducing the tax rate on health and life insurance to 5% with input tax credit (ITC) from 18%, among other rationalisations.

HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
HDFC Life Insurance Q4 net up 15.76% to ₹476.54 crore on back-book profit growth
The Hindu Business Line

No impact of market volatility on ULIPs growth for now: Vibha Padalkar, MD & CEO, HDFC Life Insurance
HDFC Life Insurance has reported a 15.76 per cent year-on-year rise in its net profit to ₹476.54 crore for the fourth quarter last fiscal. What were the factors that contributed to this growth?

Will not compromise general public interest over commercial interests of MIIs: SEBI Chief
The Securities and Exchange Board of India (SEBI) will not let the interest of the general public be compromised over the commercial interest of market infrastructure institutions, said chairman Tuhin Kanta Pandey on Thursday in the context of National Stock Exchange’s (NSE) initial public offering.

Trying to resolve issues in NSE IPO: SEBI chief
The Securities and Exchange Board of India (SEBI) is trying to resolve issues that are delaying the initial public offering of the National Stock Exchange (NSE), chairman Tuhin Kanta Pandey said on Thursday. He added that SEBI will not let commercial interest supersede general public interest while deciding on the public issue of the country’s largest exchange.

Rapid changes to create regulatory uncertainty: Tuhin Kanta Pandey
Reiterating the Securities & Exchange Board of India’s (SEBI) approach towards optimum regulation, chairperson Tuhin Kanta Pandey on Thursday said rapid changes may create regulatory uncertainties at a time when the industry is facing global headwinds.

Nippon Mutual Fund website has been down since a cyberattack on 9 April
The website of Nippon Life India Asset Management Ltd, India's largest mutual fund by number of investors, has been down since a cyberattack hit the company’s IT infrastructure on 9 April. When Mint visited the website on 17 April, the home page was accessible but the login page was not.

SEBI keen to double MFs’ investment cap in REITs and InvITs to 20%
In a consultation paper issued on Thursday, SEBI, the current single issuer, said overall limits of 5 per cent and 10 per cent respectively in REITs and InvITs restricts MFs keen to take exposure in these instruments as an asset class, and the single issuer limits may be revised, similar to a limit of 10 per cent applicable to investments in equity/ debt instruments.

Drawing liquidity: Banks preferring tendering G-Secs at OMO purchase auction over VRR auction