Insurance Sector

The company intends to raise ₹2,000 Crore via non-convertible debentures in one or more tranches. This will be done in a private placement.

Tata Elxsi's transportation sector increased by 5.3% quarter on quarter in constant currency (QoQ CC), owing to major deal wins.

The interest expense for the three months ending March 31, 2024, was ₹3,750.34 Crore, up from ₹2,827.60 Crore in Q4FY23.

A composite license would allow insurers to provide comprehensive insurance alternatives by merging life, health, and savings into a single policy.

The Competition Commission of India (CCI) authorised Zurich Insurance Company Ltd's acquisition of a 70% share in the insurer, recently.

The acquisition extends the Bandhan group's reach beyond banking and mutual funds.

After the merger with HDFC, HDFC Bank, which will be the surviving amalgamated entity.

This transaction involves the purchase of 9.91 crore shares of Max Life by MFSL.

Earlier on October 14, 2022, PDS informed that it has agreed to acquire a 51% stake in DBS Lifestyle.

The Insurance Regulatory and Development Authority of India (Irdai) has given its final clearance to the scheme of merger and transfer of life insurance business.