Selling your old car can be a strategic process involving preparation, presentation, and negotiation. Whether you are parting ways with a beloved car or looking to upgrade, maximising its value requires a thoughtful approach. From meticulous maintenance to smart listing strategies, several key steps must be considered. Nitin Chadha, Senior Vice President, ACKO Drive, … Read more
Mumbai: Shriram Finance, formerly known as Shriram Transport Finance (STFC), has raised $150 million through a private placement of senior secured floating-rate notes with Japan’s MUFG Bank. The notes, due in 2026, are priced at a 225-basis-point premium to the secured overnight financing rate (SOFR), translating into a cost of 9% for the financier. One … Read more
Meltdown in shares of Dalal Street debutants and volatility triggered by geopolitical tensions soured the sentiments for the primary markets, with fund mobilisation through IPOs halving to nearly Rs 57,000 crore in 2022 and the New Year is expected to be even quieter. The overall collection would have been much lower had it not been … Read more
Rare Enterprises-backed Concord Biotech and regional jewellery brand N’ Jewellers have received capital markets regulator Sebi‘s go-ahead to raise funds through initial public offerings (IPOs). The two companies filed their preliminary IPO papers with the capital markets regulator between August and September and obtained their observation letters during November 28-December 2, an update with the … Read more
Mumbai: Investor response to three stock market debutants – PB Fintech, Industries and SJS Enterprises – on Monday was mixed. Sigachi’s debut was the strongest with the stock listing at ₹570, a 253% premium over its issue price of ₹163, best in 13 years. After listing at a premium of 253% over the offer price, … Read more
Mobikwik, a digital payments platform, and Fino Payments Bank, which have received the regulatory nod for their IPOs, are yet to see trader interest yet, said brokers. Synopsis Punters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty and wellness retailer Nykaa and PB … Read more
Mumbai: New premium income at life-cover sellers fell 11% to ₹20,434 crore in July, the latest regulatory data showed, pointing to a subdued performance by the Life Insurance Corporation of India (LIC) that has a disproportionate market share even two decades after the country opened up the sector to private competition. IPO-bound LIC reported a … Read more
Mumbai: Before the second wave hit, there was a sharp drop in Covid hospitalisation cases and a rise in elective procedures, which resulted in the share of Covid claims dropping to 14%. In the first quarter of the current fiscal, Covid claims are expected to be more than 50%. Even now claims are coming in … Read more
In the case of delay in the payment of a claim, the insurer will be liable to pay interest to the policyholder. Synopsis New products (filed after October 1, 2019) launched by health insurers are already adhering to the new rules. Whereas for products that are already in the market, IRDAI has given the insurance … Read more
Can NCB be transferred to sandbox motor policy?Under the regulatory sandbox guidelines, many insurers have come up with new motor insurance policies based on the concept of how much you actually drive your car. These types of motor insurance policies can help you save on premiums significantly. Source link