Market News
Stay updated with the latest market trends, earnings, and economic indicators.
NSE IPO Effect: New India Assurance shares rally 14% on plans to offload over 1 crore shares in blockbuster offer
New India Assurance shares surged over 14% following the National Stock Exchange's (NSE) filing of its Draft Red Herring Prospectus (DRHP) for its long-awaited Initial Public Offering (IPO). The government-owned insurer will offload over 1 crore shares as part of the offer-for-sale, with seven PSU shareholders divesting nearly 8 crore shares in total.
NSE IPO: Underperforming insurance stock surges 13% on hopes of big windfall as selling shareholder
Shares of New India Assurance are the top gainers on the Nifty 500 in today's trading session. The stock is also gaining on strong volumes today.
NSE IPO: NIACL shares surge 14% as insurer to sell 1.05 crore shares - Moneycontrol.com
NSE IPO: NIACL shares surge 14% as insurer to sell 1.05 crore sharesMoneycontrol.com
NSE IPO: NIACL, IFCI, other stocks gain up to 14% as NSE files for India's largest IPO. Who's selling stake?
Shares of IFCI, SBI, and other companies saw significant gains on Thursday. This surge followed the National Stock Exchange filing its draft IPO papers. Several companies are named as selling shareholders in the Offer for Sale component. The NSE's public issue is anticipated to be India's largest.
Govt announces key leadership changes in insurance sector
Dinesh Pant, managing director at Life Insurance Corporation of India, has been appointed whole-time member (actuary) at IRDAI, while Girija Subramanian, chairman-cum-managing director of The New India Assurance Company Limited, has been appointed whole-time member (distribution). Both appointments are for five years. The government has also reappointed Deepak Sood as whole-time member (non-life), extending his term by two years until 2028, and Rajay Kumar Sinha as whole-time member (finance and investment) for another two years until 2029, or until they attain the age of 65 years, whichever is earlier.
Govt announces key leadership changes in insurance sector
Dinesh Pant, managing director at Life Insurance Corporation of India, has been appointed whole-time member (actuary) at IRDAI, while Girija Subramanian, chairman-cum-managing director of The New India Assurance Company Limited, has been appointed whole-time member (distribution). Both appointments are for five years. The government has also reappointed Deepak Sood as whole-time member (non-life), extending his term by two years until 2028, and Rajay Kumar Sinha as whole-time member (finance and investment) for another two years until 2029, or until they attain the age of 65 years, whichever is earlier.
NSE to file IPO papers with SEBI today, LIC unlikely to sell stake: Exclusive
Sources have also indicated to CNBC-TV18 that State Bank of India, Bank of Baroda, New India Assurance, ChrysCapital and Temasek are among the likely selling shareholders in the IPO.
FSIB picks Lavanya Mundayur to head New India Assurance
Lavanya Mundayur, CMD of Agriculture Insurance Company of India, has been recommended by the Financial Services Institutions Bureau (FSIB) to lead New India Assurance Company Limited (NIACL). Mundayur, 57, is set to begin a term of approximately three years, concluding her tenure in May 2029 upon reaching retirement age.
New India Assurance gets ₹256 crore tax refund; shares end higher
Shares of New India Assurance rose after the state-run insurer received a ₹255.68 crore income tax refund from the Income Tax Department for FY20.
New India Assurance Company Releases Audio/Video Recording of Investor/Analyst Meet Held on May 14, 2026 - scanx.trade
New India Assurance Company Releases Audio/Video Recording of Investor/Analyst Meet Held on May 14, 2026scanx.trade
New India Assurance Company consolidated net profit rises 61.19% in the March 2026 quarter
Sales rise 7.16% to Rs 10021.77 crore
New India Assurance Reports 61% Jump in Q4 PAT, Annual Profit Rises 40% in FY26 - scanx.trade
New India Assurance Reports 61% Jump in Q4 PAT, Annual Profit Rises 40% in FY26scanx.trade