ICICI Prudential Life Insurance has become the first private insurance company to cross Rs 10,000 crore sum assured over a premium income of Rs 680 crore within 3 years of operations and plans to hike its capital further to expand the business.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
HDFC Life, which posted a consolidated net profit of Rs 281.83 crore (Rs 2.81 billion) for the quarter ended June compared with Rs 11.92 crore (Rs 119.2 million) in corresponding period last year (according to HDFC's first quarter results), has diversified its distribution mix.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A total of 25 companies raised Rs 28,220 crore during the financial year.
The bench posted the matter for further hearing to February 21 and asked police not to take action against the ICICI officials until then.
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
The net non-performing assets on December 31, 2016 were Rs 20,155 crore compared to Rs 16,483 crore at September 30, 2016
In the 52 newly listed companies since 2014, fund managers have a total investment of a mere 2.5 per cent of their assets under management.
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Gains in financial shares capped further downslide.
HDFC Life has a balance between traditional policies and Ulips
Don't sidestep the idea of investing in term insurance. Here's why.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
'The IPO window has been more or less open since the new government in 2014.'
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
Sensex ended strong, Tata Steel, HUL climb higher.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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