LIC hikes its equity stake in FMCG major Hindustan Unilever over 5%
New Delhi: Life Insurance Corporation of India (LIC) on Monday said its stake in FMCG major Hindustan Unilever Limited (HUL) has crossed 5 per cent.

Insurance company told to pay Rs 3 lakh to Mohali resident for rejecting her medical claim
The District Consumer Disputes Redressal Commission of Chandigarh has asked an insurance company to pay Rs 3 lakh to a Mohali resident for rejecting her claim.

Quantum MF objects to scheme of merger of ICICI Securities with ICICI Bank

Last month, ICICI Securities announced that about 72 per cent of its shareholders voted in favour of delisting and subsequent merger with ICICI Bank, even as the majority of retail investors opposed the scheme.

Quantum MF objects to I-Sec delisting
 

Stress test score of small-cap mutual funds improves
 

After AMC business, Jio and BlackRock in JV for wealth management, broking
“The company (Jio Financial), BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd. have signed an agreement to form a 50:50 joint venture between the company and Blackrock, for the purpose of undertaking wealth business including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India,” Jio Financial said in a release.

Analysts remain bullish on asset management companies
 

PE funding in real estate falls in the last five years
The total value of private equity deals in the real estate sector declined over the past five years to $3.67 billion in FY24, due to reduced activity by foreign investors. This marks a 16% year-on-year drop from $4.36 billion recorded in FY23, according to an Anarock report.

Amid exit talks, Citi confirms Arvind Vashistha to continue as head of India Equities
Mumbai: Amid reports of India capital market head Arvind Vashishtha leaving the organisation, Citi on Monday clarified that he will continue as head of India Equity Capital Markets (ECM) at Citi. He will report to Hong Kong-based Udhay Furtado and Ken Chow in Hong Kong, co-heads of Asia Equity Capital Markets.

PE deal value in Indian real estate down 30% from 2019-20: Anarock