Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (IIHL), according to sources. The Securities and Exchange Board of India (Sebi) has recently provided all approvals to the pending applications by Invesco India for a change in control of Invesco AMC, Invesco … Read more
Realty developer Kalpataru has raised over Rs 708 crore from nine anchor investors including GIC Singapore, Bain Capital’s GSS Opportunities Investment, SBI Mutual Fund, ICICI Prudential Mutual Fund, SBI General Insurance, Aditya Birla Sun Life, and 360 ONE WAM. A total of over 1.71 crore shares have been allotted to these nine anchor investors at … Read more
Almost four out of 10 patients faced hurdles to get their health insurance claim. As per a survey, 43% of health insurance policyholders, who filed a claim in the last 3 years, struggled to get the money or settle payment dues at a hospital after treatment. The survey by LocalCircles stated that general insurance policy … Read more
Harshvardhan Roongta, CFP, Roongta Securities, says “do not invest in any product to save tax. It is not about insurance or any other investment product. You have to look at the merit of that product. You should ask yourself a question any time that you are going to be looking at investing; would you invest … Read more
The Indian market pared gains but managed to close flat on Tuesday with a positive bias. The Nifty50 closed just a shade below the 19,400 level. Sectorally, buying was seen in telecom, utilities, power, and capital goods while selling was seen in banks, and IT stocks. Stocks that were in focus include names like The … Read more