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Articles for Banking & Finance

IRDAI Approves ICICI Bank's Increased Stake In ICICI Lombard General Insurance

As of 31 March 2023, ICICI Bank already holds a 48.02 per cent stake in ICICI Lombard, as stated in an exchange filing

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LIC Initiates Special Drive To Revive Lapsed Policies

Insurance policies typically lapse when policyholders fail to pay their fixed premiums within the specified due date or during the grace period

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Uday Kotak Steps Down As Kotak Mahindra Bank MD & CEO

The bank confirmed that Uday Kotak will remain in his role as a non-executive director

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SoftBank Gathers Apple & Nvidia As Key Supporters For Arm IPO

SoftBank has been in discussions with Arm's customers and partners for several months, with plans now being finalised as the IPO's investor roadshow is expected to begin next week

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Indian Economy To Grow At 6.5% Despite August Rainfall Deficiency: Chief Economic Advisor

Nageswaran emphasised that the current economic momentum is not driven by price-related distortions, and thus, the growth projection of 6.5 per cent for the fiscal year remains robust

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Vedanta's Covert Lobbying Efforts To Dilute Environmental Regulations: OCCRP Reports

Vedanta's oil subsidiary, Cairn India, is also accused of successfully pushing for the elimination of public hearings for exploratory drilling in oil blocks it acquired through government auctions

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SEBI Proposes Independent Body To Verify Claims Of Registered Entities

SEBI's objective is to provide validated performance information to investors, thereby expanding the reach of intermediary services

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Jio Financial Services Set To Exit Sensex

Jio Financial Services, the demerged NBFC unit of Reliance Industries, will be excluded from all S&P BSE Indices, including the Sensex, from 1 September 2023, according to a BSE notice

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