Top Indian Insurance Industry News & Updates - 20 Jun 2023,Tuesday
🏭 Industry
📝 IRDA moves Supreme Court against SAT stay on Sahara insurance order
📝 Centre proposes to keep vehicle insurance premium unchanged for most categories
📝 What will drive insurance industry’s performance in FY24
📝 IRDA considering Managed General Agencies in insurance
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🗎 Life Insurance
📝 Sun Life Global Solutions to expand India operation; to add 700 staff by 2025
📝 Max Life Insurance picks 2.99% stake in Capital Small Finance Bank for ₹49.5 crore
📝 Tata AIA Life FY23 net income jumps to Rs 506 cr
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🗎 General Insurance
📝 Future Generali to favour differently abled for jobs
📝 Private Vs Commercial Car Insurance: Understanding the Difference
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🏦 SEBI
📝 SEBI bars IIFL Securities from taking new clients for 2 years
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🗎 Pension Funds/PF
📝 Pension fund regulator plans to come out with systematic withdrawal plan, providing flexibility to account holders
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🗎 Mutual Funds / AMCs
📝 Abrdn likely to exit HDFC AMC; may sell 10.2 pc stake through block deal
📝 MF SIP discontinuation jumps 7% m-o-m
📝 SIP closures rise 7.4 percent month-on-month in May
📝 ICICI Prudential Mutual Fund elevates Manish Banthia as CIO - Fixed Income
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Baring EQT, ChrysCap buy HDFC’s Credila for Rs 10,350 cr
📝 PE/VCs investment in India falls 44 pc to USD 3.5 bn: Report
📝 KKR appoints Gaurav Trehan as Asia private equity head
📝 Motilal Oswal AMC launches Motilal Oswal Nifty Microcap 250 Index Fund
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🗎 Govt Securities / Bonds
📝 Rate cuts hopes of bond market dashed but will rekindle soon
📝 Borrowing cost hardens with surge in state bond issuances
📝 Tata Power looks to raise Rs 1,500 cr via 10-year bonds
📝 NSE plans derivatives based on bond indexes
📝 Upstox to diversify product portfolio, plans to launch fixed deposits, bonds
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✈ International News
📝 Driving a Mercedes-Benz gets smarter, thanks to in-car voice control with ChatGPT
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