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ICICI Prudential AMC among 4 largecap stocks showing bullish RSI upswing
Four NSE large-cap stocks featured in the RSI Trending Up scan on June 18 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups and momentum-driven trends.
ICICI Prudential AMC shares worth nearly ₹1.2 lakh crore free up as lock-in ends
ICICI Prudential AMC is one of those stocks who do not have a significant free float in the open market as most of the equity is still held by promoters.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
ICICI Prudential Life Insurance Shares Gain 3% As Promoter Seeks To Retain 21.9% Stake
ICICI Prudential Life Insurance Shares Gain 3% As Promoter Seeks To Retain 21.9% Stake
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.
ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
US Supreme Court rejects Tata challenge to $168 million award in trade secrets case
US Supreme Court rejects Tata Consultancy Services appeal, leaving DXC Technology 168 million trade secrets award over life insurance software theft allegations
ICICI Lombard Refutes Viral Claims Of E20 Fuel-Linked Insurance Denials
If a claim is admissible with conventional fuel, it is equally admissible with E-20 fuel, ICICI Lombard clarified.
Dividend Stocks To Watch: HDFC Bank, Tata Motors PV, HDFC Life Insurance, And Tata Technologies
To be eligible for these payouts, investors must be mindful of the ex-dividend date.
LIC targets stronger market leadership as it approaches its platinum jubilee
LIC CEO R Doraiswamy stated the corporation will maintain its leadership in the life insurance sector and contribute to national development as it approaches its platinum jubilee. With a nearly 60% market share and substantial assets, LIC's growth is intertwined with India's economic progress, aiming to support the nation's 'Viksit Bharat' vision.
Long-awaited NSE IPO set to advance; draft papers likely next week
The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is set to move a step closer, with the country's largest stock exchange expected to file its preliminary papers with Sebi next week, people aware of the matter said. This comes after NSE's board approved the proposed IPO on February 6, following receipt of Sebi's no-objection certificate (NOC). The public issue will be entirely an offer for sale (OFS), with no fresh issue component. According to people familiar with the development, the draft red herring prospectus (DRHP) is likely to be filed on June 15 or June 16. The exchange has a broad-based shareholder base comprising domestic financial institutions, insurance companies, foreign investors and individual shareholders. Life Insurance Corporation of India (LIC) is the single largest shareholder in NSE, holding a 10.72 per cent stake. State Bank of India (SBI) and its subsidiary, SBI Capital Markets, together own around a 7.5 per cent stake in t