HDFC Life gets GST demand orders of Rs 27 cr for short payment of taxes

In two separate regulatory filings, the insurer said it has received tax demand orders of over Rs 16.5 crore and Rs 10.5 crore from authorities for alleged short payment of GST and input tax credit claim mismatch.

Why should you buy health insurance online? Here are 8 reasons
The insurance industry is undergoing a significant digital transformation, fundamentally altering the way insurance operates for both insurers and policyholders. Gone are the days of extensive paperwork and complex procedures; now, individuals can easily secure essential health insurance coverage right from their fingertips. With just a few clicks, people can explore a wide range of health insurance options, compare policies, and choose the one that best fits their needs. This digital transformation resulting in buying health insurance online offers multiple advantages, some of which include:

More than half of equity MF schemes fail to beat benchmark

Further, 74 per cent of actively managed mid and small cap funds have underperformed their benchmark of BSE 400 MidSmall Cap Index which was up 44 per cent last year.

VC firm Accel nurtures 8 early stage Indian startups, AI and Industry 5.0 in focus
Leading venture capital firm Accel has announced eight early-stage Indian startups in the third cohort of its accelerator program called Atoms which backs pre-seed ventures building in the Artificial Intelligence (AI) and Industry 5.0 domains. 

Warburg Pincus exits IDFC First Bank, sells entire stake for Rs 1,195 cr

Warburg Pincus offloaded the shares of IDFC First Bank through its affiliate Cloverdell Investment Ltd on the BSE.
 

Karnataka Bank approves issue of 2.64 crore equity shares to eligible qualified institutional buyers
 

LVMH-backed PE firm sets up India JV with HUL ex-chief Sanjiv Mehta
Private equity firm L Catterton, backed by French luxury group LVMH, has set up an India-focused joint venture partnership with Sanjiv Mehta, former managing director and CEO of Hindustan Unilever (HUL), it said on Thursday. The JV will invest in consumer-sector companies as it increases its India bet.

India’s bond market poised for $30 billion boost: StanChart
India’s bond market will likely see an additional inflow of as much as $30 billion after the nation’s inclusion in a major global index starts in June, according to Standard Chartered Plc.

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

The Gurugram-based unit of State Bank of India (SBI) is also looking to raise Rs 2,000 crore through non-convertible debentures (NCDs) to support business growth.

PNB board approves Rs 10,000 crore fundraising in FY25 by issuing bonds
"The Board of Directors of the Bank, in its meeting held today, has approved raising of capital for an amount up to Rs 10,000 Crore through Basel III Compliant Bonds (Additional Tier-I Bonds up to Rs 7,000 Crore and Tier- -II Bonds up to Rs 3,000

Crore), to be raised in one or more tranches during FY 2024-25," PNB said in a regulatory filing.