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Coal India's arm CMPDIL raises ₹470 cr via anchor investors ahead of IPO
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription. Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Corporation are among the anchor investors, according to a circular uploaded on BSE's website. Also, Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets participated in the anchor round. As per the circular, the state-owned firm allotted 2.73 crore equity shares to 22 funds at Rs 172 per piece, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore. CMPDIL's Rs 1,842-crore initial public offering (IPO) will open for subscription on March 20 and conclude on March 24. T
Shriram General Insurance launches 'Shri Health Suraksha 2.0'
In response to evolving healthcare needs, Shriram General Insurance Company announced the launch of Shri Health Suraksha 2.0, an enhanced health insurance suite engineered for greater flexibility and 'all-inclusive' protection. This indemnity plan addresses critical gaps in traditional coverage by removing standard caps on room charges and adding unlimited restoration benefits.
Max Financial shares in focus after board approves ₹2,000 crore fundraise via QIP
The proceeds will primarily be used to meet the funding requirements of its material subsidiary, Axis Max Life Insurance, to support business growth and expansion, with the remaining amount earmarked for general corporate purposes.
HDFC ERGO General Insurance elevates Parthanil Ghosh as MD & CEO; to take charge from April 16
HDFC ERGO General Insurance has elevated Parthanil Ghosh as MD & CEO, effective April 16, subject to regulatory approvals, succeeding Anuj Tyagi.
HDFC ERGO General Insurance names Parthanil Ghosh as MD & CEO
HDFC ERGO General Insurance has appointed Parthanil Ghosh as its new Managing Director and Chief Executive Officer. Ghosh will assume leadership from Anuj Tyagi. This significant change is scheduled to take effect from April 16, 2026. The decision has received approval from the company's Board of Directors. Regulatory clearances are pending.
IRDAI nod for Allianz Jio Reinsurance and Kiwi General
IRDAI has issued Certificates of Registration to Allianz Jio Reinsurance and Kiwi General Insurance, granting them final approval to begin operations. Allianz Jio Reinsurance is a joint venture between Allianz Group and Jio Financial Services, while Kiwi General Insurance is supported by WestBridge Capital and former Tata AIG chief Neelesh Garg.
IRDAI nod for Allianz Jio Reinsurance and Kiwi General
IRDAI has issued Certificates of Registration to Allianz Jio Reinsurance and Kiwi General Insurance, granting them final approval to begin operations. Allianz Jio Reinsurance is a joint venture between Allianz Group and Jio Financial Services, while Kiwi General Insurance is supported by WestBridge Capital and former Tata AIG chief Neelesh Garg.
Bajaj Finserv reports steady February premiums from general, life insurance arms
Bajaj Finserv said its insurance subsidiaries reported steady premium collections in February, with Bajaj General Insurance underwriting ₹1,094 crore and Bajaj Life Insurance reporting total premiums of ₹1,281 crore.
Go Digit gets GST demand of ₹155 crore, ₹15 crore penalty from Chennai tax authority
Shares of Go Digit General Insurance Ltd ended at ₹334.35, up by ₹10.45, or 3.23%, on the BSE.
Stocks to Watch Today: HDB Financial, Tejas Networks, Aurobindo Pharma, GHV Infra, John Cockerill, Brigade, Container Corporation, UFO Moviez in focus on 16 April
Stocks to Watch, 16 Apr: Stocks like ICICI Lombard General Insurance Company, HDB Financial Services, GTPL Hathway, Tejas Networks, GMR Airports, Aurobindo Pharma, GHV Infra Projects, John Cockerill India, Brigade Enterprises, Rubicon Research, Suraj Estate Developers, and UFO Moviez India will be in focus on April 16.
Stocks to Watch Today: Aurobindo Pharma, Panacea Biotec, InterGlobe Aviation, CG Power Industrial, AvenuesAI in focus on 05 June
Stocks to Watch, 5 June: Stocks like Aurobindo Pharma, CG Power and Industrial Solutions. HDFC Asset Management Company, InterGlobe Aviation, Avenues,Billionbrains Garage Ventures, and Go Digit General Insurance will be incfoucs on
Stocks to Watch Today: HCL Tech, General Insurance Corp, Dhanlaxmi Bank, Craftsman Automation, Devyani International, Sapphire Foods in focus on 16 June
Stocks to Watch, 16 Jun: Stocks like HCL Technologies, State Bank of India. Mahindra and Mahindra Financial Services, General Insurance Corporation of India, Craftsman Automation, Yes Bank, Dhanlaxmi Bank, and Indian Railway Catering and Tourism Corporation will also be in focus on June 16.