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Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu. Customers can invest in fixed deposits through the marketplace with leading financial institutions at interest rates of up to 9.1 per cent without the need for a savings bank account, the company said in a statement. "With our fixed deposit marketplace, we aim to democratise access to high-yield, fixed-return instruments from multiple trusted providers. "This simple and secure platform is designed to offer competitive interest rates, empowering both seasoned investors and newcomers to grow their wealth confidently and effortlessly," Tata Digital Chief Business Officer, Financial Services, Gaurav Hazrati said. The company said customers invest as little as Rs 1,000. With bank investments insured up to Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), they get safety and complete peace of mind. Customers c

Insurance

TREND | 07 Jan 2025

Insurers in breach of guidelines on management expenses face curbs

Economic Times

The regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. Life insurers reported a 22% increase in commission payouts, while general insurers saw their expenses double in FY24, according to the Irdai annual report.

Insurance

TREND | 07 Jan 2025

Margins bottomed out; Expect sequential improvement in Q3FY25E

Insurance

KRChoksey

In Q3FY25E, the business growth is expected to remain steady, with life insurers under our coverage universe likely to report an 18.4% YoY increase in APE, aided by strong demand for ULIPs and improved traction in the protection segment despite regulatory changes regarding surrender value. In Q3FY25E, we expect the gross premium for life insurers under our coverage to grow by 15.5% YoY.

Insurance

TREND | 06 Jan 2025

FIU-IND, Irdai sign MoU for enhanced anti-money laundering efforts

Business Standard

Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (Irdai) on Monday signed a Memorandum of Understanding (MoU) for sharing of intelligence and information to check money laundering. The MoU was signed as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules, the Finance Ministry said in a statement. As per the agreement, FIU-IND and Irdai will cooperate in the areas of mutual interest, including sharing of relevant intelligence and information, available in their respective databases. Laying down procedure and manner in which the regulated entities/reporting entities report to FIU-IND under the PML Rules and conducting outreach and training for regulated entities as per the MoU. The MoU was signed by Vivek Aggarwal, Director, FIU-IND and Satyajit Tripathy, Member (distribution), Irdai. Assessment of Anti-Money Laundering/Combating Financing of .

FIU-IND, IRDAI sign MoU for enhanced coordination

Business Line | 06 Jan 2025

Insurance

TREND | 06 Jan 2025

Buy or sell: Vaishali Parekh recommends three stocks to buy today January 6

livemint

Buy or sell stocks: Vaishali Parekh recommends three stocks today Britannia Industries, RBL Bank, and HDFC Life Insurance.

Insurance

TREND | 05 Jan 2025

Dai-ichi Life Takes 140 Billion Loss Selling Off Long Bonds

livemint

Dai-ichi Life Insurance Co. lost about 140 billion ($890 million) selling off bonds with longer maturities to prepare for higher interest rates.

Insurance

TREND | 05 Jan 2025

Market Cap Of Four Of Top-10 Most Valued Firms Erode By Rs 96,606 Crore; HDFC Bank Hit Hard

NDTV Profit

While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners.

Mcap of 4 of top-10 most valued firms erode by Rs 96,605 cr; HDFC Bank hit

Business Standard | 05 Jan 2025