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Prudential HCL Health Insurance gets IRDAI nod
India's health insurance sector welcomes a new player as Prudential HCL Health Insurance receives regulatory approval. This joint venture, backed by Prudential Group Holdings and HCL Group, aims to tap into the growing demand for medical cover. The approval also signals broader regulatory changes, including new accounting standards and a policyholder protection fund. Prudential's presence in India is significantly expanding with this new health insurance arm.
BSE launches Reits index; Waterways Leisure Tourism sinks on debut
BSE launches a REIT-focused index as mutual funds gear up for new schemes, while Waterways Leisure debuts at a discount and Advit Jewels lists with strong gains
Govt begins hunt for a new ONGC chairman
The government is actively seeking a new chairman for ONGC, with applications now open. Eligibility rules have been relaxed, removing the mandatory retirement at 60 and introducing a fixed three-year tenure, extendable by two years. The maximum age for applicants has been raised to 59.
TMC Transformers Files DRHP With SEBI For Rs 550 Crore IPO
IPO proceeds will fund a new EHV transformer plant in Gujarat and support working capital needs.
Indian markets are not fragile; tepid Q1 earnings priced in: Radhika Gupta
Markets are either portrayed as unstoppable or extremely fragile, whereas the truth generally lies somewhere in between, says Radhika Gupta of Edelweiss Mutual Fund.
Elara Securities turns bullish on banks, power, IT after market correction
Bino Pathiparampil, Head of Research, Elara Securities (India), says Indian markets are nearing a medium-term bottom after a prolonged correction and is turning constructive on banks, power, select new-age companies, IT and real estate. While pharma remains a defensive bet, he expects margin pressure to limit near-term outperformance. He also believes IT stocks are gradually pricing in AI-led headwinds, making it a good time to start accumulating quality names.
MFs wary of Sebi plan to allow celeb ads, cite mis-selling, edge for big entities
Sebi's proposal to let mutual fund houses use celebrity endorsements has sparked a debate over investor protection and competition. While supporters say it could bring in more first-time investors, critics fear higher mis-selling risks and a growing advantage for large fund houses.
Why Singapore's 100x100 wants to back India's climate founders
Singapore's 100X100 is scaling up its India climate investments via a new $150 million fund, betting on the country's emissions profile and deep founder pool even as broader investor interest in the sector cools. The venture builder plans to back 40-50 startups across India and Southeast Asia.
Saving For Retirement Isn't Enough | The Reason Why
India's ageing population will require new financial products that can provide lifelong income, fund healthcare and unlock housing wealth.
Nifty Outlook for July 1: Higher levels fail to sustain but range remains intact as new series begins
Nifty opened on a positive note but failed to sustain above the 24,000 mark. Selling pressure emerged at higher levels through the day, while expiry-related volatility kept the market range-bound. A tug-of-war between buyers and sellers persisted for most of the session before the index settled near the day's low.
Axis MF unveils digital solution to unlock ₹25 trillion MSME opportunity
Asset manager launches Axis Account Plus, a digital treasury management solution that enables MSMEs to invest surplus working capital seamlessly in liquid and mutual fund schemes
Reliance Power gains after setting up four AI subsidiaries
Reliance Power jumped 2.73% to Rs 24.81 after the company announced its entry into the rapidly evolving field of Artificial Intelligence (AI) and allied new-age technologies through the incorporation of new subsidiaries.