Top Indian Insurance Industry News & Updates - 27 July 2023,Thursday
🏭 Industry
📝 CCI refuses to interfere in IRDAI’s regulatory functions
📝 Adequate insurance cover offered for nuclear incidents in India: Jitendra Singh
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🗎 Life Insurance
📝 Growth in new business for private life insurers slows down
📝 No plans to sell stake in Canara HSBC Life Insurance, says PNB Chief Goel
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🗎 General Insurance
📝 Mobile apps becoming preferred choice for annual general insurance purchases: Survey
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🗎 Health Insurance
📝 'Only doctor can decide about hospitalisation': Court orders Star Health to pay compensation for rejecting claim
📝 Niva Bupa offers long-term cover for studies abroad
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Insuretech
📝 How Ankit Agrawal is building InsuranceDekho as fastest growing insurtech
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🏦 SEBI
📝 Settlement with Sebi in ‘mirror trading’ case sparks a debate
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🗎 Pension Funds/PF
📝 ‘EPFO software is archaic, needs urgent intervention’
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🗎 Mutual Funds / AMCs
📝 AB Sun Life AMC profit up 80 pc on higher AUM
📝 LIC MF ranking to jump a notch after merger with IDBI MF
📝 Quant Mutual Fund launches Quant Manufacturing Fund
📝 Edelweiss Mutual Fund becomes lowest cost index fund provider
📝 Stay invested in hybrid funds, rather than taking big bets: S Naren, ICICI Prudential AMC.
📝 Jio BlackRock to enter mutual fund industry
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Federal Bank raises ₹3,040 cr via QIP
📝 Two equity schemes multiplied investors’ wealth by more than 10 times in 10 years
📝 FIIs pump ₹922 crore in Indian stocks; DII invest ₹470 crore on July 26; check details
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🗎 Govt Securities / Bonds
📝 India swap rates hint Street does not expect rate cuts till Aug 2024
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