NEW YORK: Warren Buffett‘s Berkshire Hathaway on Saturday reported a lower operating profit in the first quarter, hurt by weaker results from its insurance operations, while its cash pile continued to grow. Operating profit for the Omaha, Nebraska-based conglomerate dropped 14.1% to $9.64 billion from $11.22 billion a year earlier. Net income, including unrealized gains … Read more
PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services in the next financial year to grow its business. The decision was taken by the Board of Directors of PB Fintech.According to a regulatory filing, PB Fintech would be holding up to … Read more
Getty Images The hike in national insurance contributions (NICs) set for April will see some Northern Ireland GP practices going under if the government does not provide a bail-out, according to a senior doctor. The Royal College of GPs in Northern Ireland (RCGP) told Stormont’s Public Accounts Committee the move could be “catastrophic”. Employers currently … Read more
Go Digit General Insurance Limited, in partnership with K.M. Dastur Reinsurance Brokers, has launched an Air Quality Index (AQI)-based parametric insurance policy tailored for migrant workers in the Delhi NCR region. The policy is designed to mitigate wage losses for construction workers affected by government-imposed construction bans during periods of severe air pollution. Specifically, when … Read more
IPO dates: February 12-14, 2025IPO Price: Rs674-708IPO Size: Upto Rs8,750 croreImplied Market Cap: Upto Rs43,025 croreFace Value: Re1Lot Size: 21 sharesRetail Portion: 35% Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group. The promoter’s stake will fall to 75% after the … Read more
Budget 2025: The Economic Survey 2025 stated that the Indian insurance sector has shown an upward trajectory. It noted that total insurance premiums grew by 7.7% in FY24, reaching Rs 11.2 lakh crore. The survey noted that insurance received the highest FDI of 62% of total equity FDI inflows tothe services sector. The survey, tabled by … Read more
Gen Z is transforming the investment landscape with a focus on financial autonomy and cutting-edge strategies. Setting clear financial goals and seeking advice from professionals can help navigate the investment journey with confidence. With Gen Z entering the investment realm at a younger age, they have a notable advantage. Beginning early enables them to harness … Read more
Tech firm Newgen Software Technologies on Monday posted a 30.8 per cent year-on-year increase in consolidated net profit to Rs 89 crore for the December quarter. The Noida-headquartered firm reported a profit of Rs 68 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the quarter under review came in … Read more
A fraudulent vehicle insurance policies and government documents racket was unearthed by the Shamshabad Special Operations Team (SOT) on Friday (January 17). Three men—Md Awyes (38), Buneti Shravan Kumar Goud (41), both working as Regional Transport Authority (RTA) agents, and Morsu Shiva Kumar (33)—were arrested. Ten others involved in the racket remain at large. The … Read more
I am a 32-year-old female who is looking to secure additional maternity coverage. Unfortunately, my current insurance plan, HDFC Optima Restore, does not include this coverage. My corporate insurance policy has a limit of Rs 50-75,000 depending on the type of delivery, and my husband, who is 30 years old, is in the process of … Read more