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Banks, pharma, IT: Where this CIO is placing his bets right now
Ajit Banerjee, CIO of Shriram Life Insurance, says weak monsoon forecasts, rising food inflation and elevated crude oil prices could keep markets volatile in the near term. Despite global uncertainty, he remains cautiously optimistic on India, favouring large-cap banks, pharma, IT, FMCG and upstream oil & gas stocks. Banerjee believes India can still deliver returns if crude remains in the $85-90 range and earnings growth improves.
India insurers seek doubling of tax-free limit for some products to boost inflows, sources say
Indian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowing into these funds. Inflows have slowed down since new tax limits were introduced in February 2023. Higher inflows would support government borrowing needs for long-term projects. The Life Insurance Council has formally requested this change.
SBI Life Share Price Live Updates: SBI Life's Current Trading Status
SBI Life Share Price Live Updates: SBI Life's Current Trading Update
LIC drops after reports of government stake dilution
Life Insurance Corporation of India (LIC) declined 3.32% to Rs 826.80 after media reports indicated that the government is likely to divest a 2% stake in the state-run insurer through an institutional placement in late June or early July.
Datamatics shares rise as SBI Life implements its TruAI Underwriting Agentic AI solution
Datamatics said TruAI Underwriting ingests and analyses documents such as medical reports, declarations and laboratory results, extracting key medical parameters and highlighting potential risk indicators.
India said to prepare Rs 10,000 crore LIC stake sale next month
India is preparing to launch a new share sale for Life Insurance Corporation of India next month. This offering could bring in as much as Rs 10,000 crore. The government intends to sell a stake of approximately 2% to institutional investors. This move is part of ongoing efforts to increase public shareholding in the state-run insurer.
When markets panic, valuations don’t: A case for staying invested
Amid heightened global uncertainty and sharp market swings, long-term investors should focus on intrinsic value rather than short-term price movements, says Gautam Sinha Roy of ICICI Prudential Life Insurance. He argues that India’s resilient macro fundamentals, stabilising earnings cycle and moderating valuations continue to support the case for staying invested through volatility.
HDFC Bank, SBI among 10 stocks that saw highest selling by LIC in Q4. Do you own any?
Life Insurance Corporation of India has significantly reduced its holdings in several major listed companies during the latest quarter. Notable among these are HDFC Bank and State Bank of India, with LIC divesting substantial amounts. These portfolio adjustments offer insights into the insurer's strategic repositioning amidst market volatility.
HDFC Life Insurance Company allots 1.31 lakh equity shares under ESOS
Post the aforesaid allotment, the paid]up equity share capital of the Company stands at Rs 21,57,95,10,750 comprising of 2,15,79,51,075 equity shares of face value of Rs 10 each.
Quantum AMC’s Christy Mathai sees private banks, insurance as long-term bets amid earnings risks
Christy Mathai, Fund Manager-Equity at Quantum AMC, believes elevated crude and input costs could lead to earnings downgrades across sectors over the next year, especially in consumer discretionary. Despite near-term uncertainty, he remains constructive on private banks, life insurance and select real estate plays from a longer-term perspective. Mathai also said valuations in power and data centre-related themes remain expensive despite strong structural growth opportunities.
Central Bank of India OFS opens for retail investors today — All you need to know
Among public shareholders in Central Bank of India, Life Insurance Corporation of India (LIC) has a 3.26% stake, while over 7 lakh retail investors have a 3.42% stake.