Market News
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Policybazaar ropes in Amitabh Bachchan for insurance awareness movement
Policybazaar has appointed veteran actor Amitabh Bachchan as its brand ambassador. This move initiates a significant movement for health and term insurance awareness nationwide. The initiative aligns with IRDAI's vision of providing insurance for all Indians by 2047. Bachchan's established image of trust will encourage families to prioritize financial protection. This campaign aims to secure the future of over 140 crore Indians.
IKS Health completes acquisition of TruBridge, Inc.
IKS Health announced the successful completion of its previously announced acquisition of TruBridge, Inc. TruBridge is a prominent provider of healthcare technology including an electronic health record (EHR) and revenue cycle management solutions for rural and community hospitals. Following the closing, TruBridge operates as a wholly owned subsidiary of IKS Health.
Changing Your Health Insurance Plan? Here’s How To Keep Your Waiting Period Benefits
Portability offers policyholders the flexibility to change insurers without losing accumulated benefits
Alliance Insurance Brokers helps settle Rs 1,100-crore health insurance claims in FY26
Alliance Insurance Brokers settled over 1.5 lakh group health claims in FY26. The company disbursed a total of Rs 1,100 crore for these claims. Ninety-six percent of claims were settled within ten working days. Their employee benefits products now cover 5.8 million lives. Managed premiums reached Rs 1,600 crore during the year.
Microsoft layoff: Employees offered up to 39 weeks' pay, stock vesting; here's who gets what
Microsoft announced layoffs affecting 4,800 employees, offering severance packages up to 39 weeks' pay. Compensation varies by employee level, with options for continued stock vesting and health insurance. The cuts aim to streamline costs amid significant AI investments.
Honasa Consumer sets up subsidiary, Honasa Health
Honasa Conusmer announced that it has incorporated Honasa Health as a wholly owned subsidiary on 7 July 2026, to scale a highly differentiated B2C nutrition portfolio.
General insurers clock 16.7% premium growth
The general insurance sector saw a 16.7% premium income rise in June. Standalone health insurers led this growth with a 31% increase. First quarter collections for FY27 also climbed by 11.1%. Niva Bupa Health Insurance showed strong premium growth of 34% in June. ICICI Lombard General Insurance reported a 13.7% premium increase for the month.
Economic and trade cooperation remains a key pillar of India-Indonesia ties
India and Indonesia issued a joint statement on the State Visit by Prime Minister of India to Indonesia. Prime Minister Modi and President Prabowo held official bilateral talks on 7 July 2026 at Istana Merdeka, Jakarta. The official talks covered the full spectrum of bilateral relations, including political engagement, defence and security cooperation, maritime cooperation, trade and investment, digital economy, science and technology, space, critical minerals, energy, agriculture, health, pharma, education, culture, tourism, youth exchanges and people-to-people ties, in addition to regional and global developments of mutual interest. They also witnessed the exchange of a number of bilateral documents, aimed at further strengthening the India-Indonesia Comprehensive Strategic Partnership.
General insurance premiums rise 14% in June; health insurers clock 31% growth
Niva Bupa Health Insurance outperformed the segment, reporting 35% growth in premium collections, while Star Health and Allied Insurance recorded a 19% increase.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Manipal Health Enterprises gets SEBI nod for ₹8,000 crore IPO
Investors selling shares include TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S and Phoenix Bear Investments, LLC.
India's wellness industry poised for growth amid focus on preventive healthcare, rising income: EBG Group chief
India's wellness market, valued at over $150 billion, is set for growth fueled by rising health consciousness and disposable incomes. EBG Group is launching Carlton Wellness India, an integrated ecosystem blending traditional Indian healing with modern hospitality. This platform will offer diverse wellness experiences, from city centers to retreats, emphasizing preventive care and holistic wellbeing for everyday life.