New India Assurance
Recent Highlights
All Stories for New India Assurance
Kerala floods: PSU general insurance firms to fast-track claims settlements; meeting to be held tomorrow to align guidelines
•National Insurance, New India Assurance, Oriental Insurance and United India Insurance have systems in place and are fully geared to receive claim intimations and ensure smooth and expeditious settlements, the four state-owned firms said a joint statement.
Ayushman Bharat: Forget the politics and economics of it, India’s poor need 'Modicare' badly
Dinesh Unnikrishnan123 •Beyond the initial enthusiasm, there are major challenges the government will have to face in the rollout of Ayushman Bharat
New India Assurance shares fall over 9% in debut trade; stock listed at Rs 748.90, down 6.38% on BSE
•During the day, New India Assurance stock tumbled 10.28 percent to Rs 717.75.
New India Assurance shares list at over 6% discount at Rs 749 against issue price of Rs 800
•At the NSE, shares of the New India Assurance Company debuted at Rs 750
New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow
•The offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.
ICICI Lombard's Rs 5,700 cr IPO starts today: All you need to know about the share issue
Fp Staff •The promoter entities - ICICI Bank and Farifax Holdings -- will dilute their holdings by close to 19 percent through a public offer
SBI Life to launch India's first billion dollar IPO in 7 years on 20 Sept, price range Rs 685-700
•This would be the second listing of a life insurer after ICICI Prudential Life Insurance, which went public last year.
Govt sells 2.5% Larsen & Toubro stake, pockets Rs 4,200 crore
•With this transaction, the government has garnered nearly Rs 6,400 crore from disinvestment so far in the current fiscal. The Budget had estimated to collect Rs 72,500 crore through minority sale and strategic stake sale of CPSEs.
Bank of India hints at 10-25 bps cut in base rate
Fp Archives •The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said.
Cabinet nod for hiking foreign investment to 62% in Axis Bank
Fp Archives •The approval would result in foreign investment of about Rs 7,250 crore in the country, a statement said.