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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.
UNO Minda Q4 profit surges 22%, declares dividend; approves ₹2,500 crore fundraise plan
On Friday (May 15), shares of UNO Minda Ltd ended at ₹1,131.70, down by ₹10.75, or 0.96%, on the BSE.
Godrej Industries Q4 profit more than doubles to ₹444 cr; okays ₹1,500-cr NCD issue
Revenue for the quarter grew 33.1% YoY to ₹7,694 crore as most segments recorded double-digit growth. Shares of Godrej Industries Ltd ended at ₹1,132.05, down by ₹19.95, or 1.73%, on the BSE today, May 15.
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.
Nifty above 23,500 level; pharma shares in demand
At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 228.50 points or 0.31% to 74,837.48. The Nifty 50 index rose 98.85 points or 0.42% to 23,511.40.
Nifty tad above 23,500 level; FMCG shares rally
At 14:30 IST, the S&P BSE Sensex advanced 312.32 points or 0.42% to 74,871.56. The Nifty 50 index added 117.15 points or 0.52% to 23,501.25.
Stock Market Live Updates: BSE Sensex rises around 300 points; Nifty50 above 23,450 in a volatile session on mixed global cues - The Times of India
Stock Market Live Updates: BSE Sensex rises around 300 points; Nifty50 above 23,450 in a volatile session on mixed global cuesThe Times of IndiaSensex Today | Nifty 50 | Stock Market Live Updates: Sensex gains over 450, Nifty above 23,500; metal ind...The Economic TimesWhy the Indian Stock Market May Be Entering a Long Phase of Low ReturnsThe Quint
Chip stocks lead Nasdaq, S&P 500 lower from record highs as inflation stings
Some investors are still betting on a further fall in these stocks. The Direxion Daily Semiconductors Bear 3x ETF, which pays three times the inverse return of the Philadelphia Semiconductor index, surged 9.2% with significant call writing seen on the ETF, with volumes rising to as high as 2.92 lakh contracts on Tuesday.
Nifty below 23,500 level; auto shares drop
At 14:30 IST, the barometer index, the S&P BSE Sensex, tanked 1,194.95 points or 1.57% to 74,831.63. The Nifty 50 index fell 347.95 points or 1.46% to 23,467.90.
Life insurance stocks gain after strong FY27 start; SBI Life, ICICI Prudential lead growth
Life insurance stocks showed slight gains on May 11, with SBI Life and ICICI Prudential leading the way. The sector experienced robust growth in FY27, particularly SBI Life with an 80% increase in new business premiums and LIC with a 38% rise.
Life insurance new business premium rises 41% in April, SBI Life leads growth
Private life insurers report strong April start to FY27, led by SBI Life, ICICI Prudential, HDFC Life and LIC, with robust NBP and APE growth across segments.