IPO of Utkarsh CoreInvest ‘s Subsidiary!
The first public offering of Utkarsh Small Finance Bank Ltd. it's promoter utkarsh coreinvest share is available in the unlisted space The private lender intends to offer new equity shares…
Announcements
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In a first, Polymatech rolls out Made In India semiconductor chips
Mumbai, October 11, 2022 The manufacturing of its opto-semiconductors and memory modules has begun at Polymatech, the leading semiconductor chip maker in India using Japanese technology. The company presently produces…
SBI General launches cyber defence insurance for businesses
On Monday, SBI General Insurance announced the launch of a product to shield companies against the financial and reputational losses brought on by cyberattacks. The product will initially target SMEs…
SBI General showcases enhanced buying journey of health insurance on WhatsApp
In an effort to make the insurance purchasing process simpler, SBI General Insurance, one of India's top general insurance providers, expands its partnership with WhatsApp to introduce an improved iteration…
SBI General unveils ‘Surety Bond Bima’
In response to the government's objective to upgrade infrastructure development, this product was created. Anand Pejawar, the full-time director of SBI General Insurance, said The General Surety Bond Bima (Conditional…
SBI general may take 3 years to list
SBI listed its life insurance division last year, and the earnings were useful in overcoming asset quality issues. It also intends to sell a portion of its shareholding in SBI…
SBI General FY23 net profit jumps 40% to Rs 184 cr, premium up by 17.6%
The unlisted subsidiary of State Bank, SBI General Insurance, reported its net income rose 40% year over year to Rs 184 crore in FY23 on a gross written premium income…
Sheela Foam to acquire 94.6% stake in Kurlon for Rs 2,150 cr, 35% stake in Furlenco for Rs 300 cr
Sheela Foam Ltd, an Indian mattress manufacturer, announced on Monday that it would pay Rs 2,150 crore for a 94.66% stake in its rival Kurlon. In addition, Sheela Foam announced…
SAT quashes SEBI penalty on NSE, ex-CEOs in co-location case
The Securities and Exchange Board of India's (Sebi) ruling penalising the National Stock Exchange (NSE) in the co-location issue with a fine of Rs. 1 crore was overturned by the…
For Rs 300-350 Cr, Reliance Retail plans to purchase Alia Bhatt’s Ed-a-Mamma.
According to two business insiders, Reliance Brands Ltd is in talks to totally purchase Ed-a-Mamma, the children's clothing line owned by actress Alia Bhatt, for between 300 and 350 crore.…