Market News

Standard Chartered likely to exit ICICI Pru Life bancassurance tie-up; may join Bharti Life Insurance

Sources said the bank currently contributes around 5% to ICICI Prudential Life’s annualised premium equivalent (APE) and about 6% to its retail APE.

LIC bonus issue: Insurance behemoth gets shareholders' approval for 1:1 issue. Check details

Life Insurance Corporation of India (LIC) said shareholders approved its 1:1 bonus issue with overwhelming support. The insurer disclosed voting results, key managerial appointments and market movement following the announcement. It outlined record date conditions, bonus issuance details, financial impact, dividend history and upcoming quarterly results scheduled for May 21.

HDFC Life Share Price Live Updates: HDFC Life closes at 608.7

Liberty Mutual Insurance raises stake in Indian venture

Liberty Mutual Insurance has boosted its stake in Liberty General Insurance to 74 percent. This move strengthens its position in India's non-life insurance sector. Liberty General Insurance began operations in 2013. The insurer reported a 25 percent increase in gross written premium in FY26. Its market share was 0.84 percent at the end of March 2026.

SBI Life, Power Grid, consumer stocks: Why HDFC Securities' is buying into all three right now

Unmesh Sharma, Head of Institutional Equities, HDFC Securities, holds an overweight on SBI Life at 120 bps in his model portfolio. On IT, he has moved from underweight to neutral, calling valuations below 20x a buying opportunity. Private banks trading below 2x price-to-book are a strong aaccumulation he says. Consumer names — Asian Paints, Crompton, Sobha — are turning interesting after valuation correction. Power Grid Corporation carries a 2% overweight, with transmission its cleanest play on India's power theme.

ICICI Pru Life shares crash nearly 9% after Prudential plans stake cut below 10%

ICICI Prudential Life Insurance shares fell sharply on Monday after reports that promoter Prudential plc may reduce its stake below 10% following the acquisition of Bharti Life Insurance. The move raised concerns over ownership structure and strategic alignment, though ICICI Bank clarified it will retain majority control in the insurer.

Here's why ICICI Prudential Life Insurance shares will be in focus on Monday

Shares of ICICI Prudential Life Insurance are down 21% so far in 2026, underperforming its peers such as HDFC Life, which is down 19%, LIC, which has declined 6%, and SBI Life, which is down 9% so far this year. The stock though, continues to trade above its issue price of ₹334.

Prudential Plc to buy 75% Bharti Life stake for ₹3,500 crore, cut ICICI Pru Life holding to 10%

The London-based insurer says the move marks a strategic reset in India, as it secures majority control of Bharti Life Insurance while complying with regulations on ICICI Prudential stake reduction.

Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crore

Prudential plc is set to acquire a 75% stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd. This strategic partnership aims to expand access to life and health protection solutions across India, leveraging the combined strengths of both organizations. The deal signifies a significant development in India's rapidly transforming life insurance sector.

Prudential To Acquire 75% Stake In Bharti Life Insurance, Transaction Valued At Up To Rs 4,200 Crore

The deal marks an entry of Prudential as controlling shareholder in Bharti Life Insurance.

Life Insurance Corporation of India to Participate in Centrum Broking Virtual Investor Conference on May 22, 2026 - scanx.trade

Life Insurance Corporation of India to Participate in Centrum Broking Virtual Investor Conference on May 22, 2026scanx.trade

Private banks top pick for FY27; RBI rate hike likely in second half of the year: ICICI Pru Life

Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII selling, keeping indices range-bound. On metals, he advises holding existing positions but not adding fresh. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.