Synopsis: Zurich Insurance has finalized its acquisition of a 51% stake in Kotak General Insurance, investing Rs 4,051 crore. This marks a substantial step in India’s non-life insurance sector, promising innovative changes and improved customer experiences. November 2, 2023 New Delhi, India Introduction Zurich Insurance has successfully acquired a 51% majority stake in Kotak General…
Synopsis: The FOMC’s latest statement remained remarkably consistent, with Federal Reserve officials maintaining their key interest rate within the 5.25% to 5.5% range, while subtly acknowledging the possibility of further rate increases. They also subtly acknowledged the tightening of financial conditions. In line with expectations, Powell refrained from definitively ruling out potential future rate hikes….
October 23, 2023 New Delhi, India Honasa Consumer Readies for a Dynamic Rs 1,700 Crore IPO in October 2023 India’s vibrant consumer market is abuzz with excitement as Honasa Consumer, the parent company of the renowned Mamaearth brand, is set to unveil its much-anticipated initial public offering (IPO). This IPO, slated for October 2023, is…
Today’s stock market: In early morning trading on the NSE, Manappuram Finance’s share price reached a new 52-week high of 133.40. Within a few minutes of Tuesday’s stock market opening bell, Manappuram Financial shares posted an intraday gain of more than 4%. The stock market opened today with an upside gap. Manappuram Financial shares are…
On Tuesday morning, attention will be paid to Kotak Mahindra Bank (KMB) shares because foreign portfolio investor (FPI) shareholding in the private sector lender has decreased over the three-month period ending March 2023. The FPI shareholding in the company was 41.22 percent as of the most recent March quarter shareholding pattern, a decrease of 147…
Future and option (F&O) traders on the stock market will need to exercise extra caution starting in the following fiscal year because the NSE has decided to end the “Do Not Exercise” (DNE) option for them as of March 30, 2023. Since the stock market will be closed on March 30 to observe Ramnavmi across…
