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Stocks' Plunge Wipes Rs 2.3 Lakh Crore Off Top-10 Most Valued Firms
The deep plunge in India equity benchmarks eroded the market capitalisation (m-cap) of the top-10 most valued companies by nearly Rs 2.3 lakh crore last week, with the shares of Life Insurance Corporation (LIC) taking the biggest hit.
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Ahead Of IPO, LIC Raises Over Rs 5,600 Crore From 123 Anchor Investors
Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
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CMS Info Systems IPO Opens Tomorrow, Company Garners Rs 330 Crore From Anchor Investors
CMS Info Systems, one of the major cash management companies in the country, has garnered Rs 330 crore from 12 anchor investors ahead of its IPO
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SBI Life Insurance Launches New Age Protection Plan 'eShield Next'
'SBI Life eShield Next' also offers a range of flexibilities. It gives the choice of premium payment term, such as -pay once, pay regularly, or for a limited period.
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Stocks To Watch: Tech Mahindra, HDFC Life Insurance, SBI Cards and Payment
Tech Mahindra reported 17.4 per cent slide in consolidated profit at Rs 1,081.4 crore for the quarter ended March 2021
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Rossari Biotech's IPO Set To Open On Monday. Here's All You Need To Know
Rossari Biotech's initial public offer (IPO) will open for subscription for three trading days starting Monday, July 13. Trading in the Rossari IPO will be available from 10:00 am to 5:00 pm. Mumbai-based specialty chemicals maker Rossari Biotech said on Friday it had raised Rs 149 crore from anchor investors, including Abu Dhabi Investment Authori...
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SBI Ends Marginally Lower Post March Quarter Results
SBI Q4 results: The country's largest lender reported a four-fold jump in net profit for the quarter ended March 31 during market hours on Friday.
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State Bank Of India To Trim Stake In UTI Mutual Fund Via IPO
SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank each hold an 18.24 per cent stake in the company.
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Time To Take Money Out Of Stocks, Says Top Life Insurer
SBI Life expects earnings at country's top 50 companies to rise as much as an average of 14 per cent in the financial year that started April 1.
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Reserve Bank Of India Meeting With IL&FS Shareholders Cancelled: Report
The RBI had earlier called a meeting with key shareholders of IL&FS, including Life Insurance Corporation of India (LIC) and State Bank of India, after the company and its subsidiaries defaulted on repayments of various debt instruments.
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Tejas Networks Mops Up Rs 350 Crore From Anchor Investors
The IPO comprises fresh issue of shares worth Rs 450 crore and an offer for sale of up to 1.27 crore shares.
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ICICI Pru Life, HDFC Life Plan To Raise Over Rs 6,500 Crore In IPOs
Two of India's leading private-sector insurers are looking to raise over $1 billion this financial year in the sector's first initial public offerings (IPOs), as insurance companies rush to take advantage of a change in ownership rules.
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Dena Bank Ties Up With SBI Life for Group Life Insurance
Dena Bank on Friday said it has tied up with SBI Life Insurance Company to provide group life insurance coverage to its housing loan borrowers under the Dena Grihaswami Suraksha scheme.
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SBI Life Insurance Q3 Net Profit Up 43% at Rs 156 Crore
The new business premium of the company grew 25 per cent to Rs 1,633 crore during the quarter as against Rs 1,303 crore in the same period last year, SBI Life Insurance said in a statement.
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SBI Mulls Composite Agents for Selling Various Products
Under the plan, the SBI Group would now provide them with business leads on requests from their clients for availing the product offerings from associate companies in mutual funds, life insurance, credit cards, general insurance, and home and auto loans, say company sources.
-
Stocks' Plunge Wipes Rs 2.3 Lakh Crore Off Top-10 Most Valued Firms
The deep plunge in India equity benchmarks eroded the market capitalisation (m-cap) of the top-10 most valued companies by nearly Rs 2.3 lakh crore last week, with the shares of Life Insurance Corporation (LIC) taking the biggest hit.
-
Ahead Of IPO, LIC Raises Over Rs 5,600 Crore From 123 Anchor Investors
Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing
-
CMS Info Systems IPO Opens Tomorrow, Company Garners Rs 330 Crore From Anchor Investors
CMS Info Systems, one of the major cash management companies in the country, has garnered Rs 330 crore from 12 anchor investors ahead of its IPO
-
SBI Life Insurance Launches New Age Protection Plan 'eShield Next'
'SBI Life eShield Next' also offers a range of flexibilities. It gives the choice of premium payment term, such as -pay once, pay regularly, or for a limited period.
-
Stocks To Watch: Tech Mahindra, HDFC Life Insurance, SBI Cards and Payment
Tech Mahindra reported 17.4 per cent slide in consolidated profit at Rs 1,081.4 crore for the quarter ended March 2021
-
Rossari Biotech's IPO Set To Open On Monday. Here's All You Need To Know
Rossari Biotech's initial public offer (IPO) will open for subscription for three trading days starting Monday, July 13. Trading in the Rossari IPO will be available from 10:00 am to 5:00 pm. Mumbai-based specialty chemicals maker Rossari Biotech said on Friday it had raised Rs 149 crore from anchor investors, including Abu Dhabi Investment Authori...
-
SBI Ends Marginally Lower Post March Quarter Results
SBI Q4 results: The country's largest lender reported a four-fold jump in net profit for the quarter ended March 31 during market hours on Friday.
-
State Bank Of India To Trim Stake In UTI Mutual Fund Via IPO
SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank each hold an 18.24 per cent stake in the company.
-
Time To Take Money Out Of Stocks, Says Top Life Insurer
SBI Life expects earnings at country's top 50 companies to rise as much as an average of 14 per cent in the financial year that started April 1.
-
Reserve Bank Of India Meeting With IL&FS Shareholders Cancelled: Report
The RBI had earlier called a meeting with key shareholders of IL&FS, including Life Insurance Corporation of India (LIC) and State Bank of India, after the company and its subsidiaries defaulted on repayments of various debt instruments.
-
Tejas Networks Mops Up Rs 350 Crore From Anchor Investors
The IPO comprises fresh issue of shares worth Rs 450 crore and an offer for sale of up to 1.27 crore shares.
-
ICICI Pru Life, HDFC Life Plan To Raise Over Rs 6,500 Crore In IPOs
Two of India's leading private-sector insurers are looking to raise over $1 billion this financial year in the sector's first initial public offerings (IPOs), as insurance companies rush to take advantage of a change in ownership rules.
-
Dena Bank Ties Up With SBI Life for Group Life Insurance
Dena Bank on Friday said it has tied up with SBI Life Insurance Company to provide group life insurance coverage to its housing loan borrowers under the Dena Grihaswami Suraksha scheme.
-
SBI Life Insurance Q3 Net Profit Up 43% at Rs 156 Crore
The new business premium of the company grew 25 per cent to Rs 1,633 crore during the quarter as against Rs 1,303 crore in the same period last year, SBI Life Insurance said in a statement.
-
SBI Mulls Composite Agents for Selling Various Products
Under the plan, the SBI Group would now provide them with business leads on requests from their clients for availing the product offerings from associate companies in mutual funds, life insurance, credit cards, general insurance, and home and auto loans, say company sources.
