The registry could bring several changes for policyholders, from putting all their insurance policies in one place and making health insurance portability easier to enabling product comparisons, simpler servicing and better visibility into agents and intermediaries
Jaiprakash Power Ventures shares rallied as much as 8.4% on Tuesday, hitting an intraday high of Rs 18.32, after the company reported robust earnings for the June quarter (Q1FY27). Strong growth in both revenue and profit, coupled with a return to profitability on a sequential basis, boosted investor sentiment. The company reported consolidated revenue from…
Crypto criminals are increasingly targeting people, not just digital wallets, as violent attacks climb globally. So-called wrench attacks — where criminals use violence to coerce victims to hand over cryptocurrency — have accelerated this year, according to a new report by blockchain security firm CertiK, which tracks cyber threats and security incidents in the digital…
Employee Stock Option Plans (ESOPs) have become a common feature of compensation packages, particularly for corporate technology companies, start-ups and new-age businesses. These options allow employees to purchase company stock at a predetermined price and benefit from potential growth in the company’s valuation. However, ESOP taxation can be complex, as tax liability may arise at…
SoftBank-backed digital-commerce ecosystem AceVector Ltd has filed updated draft papers with markets regulator Sebi for an initial public offering (IPO), which will include a fresh issue of shares worth Rs 300 crore. In addition to the fresh issue, the IPO will also involve an offer-for-sale (OFS) of 6.38 crore shares by existing shareholders, according to…
If professional investors are worried that the rise in global bond yields will derail a bull market in stocks, you’d never guess it by looking at what they’re doing with the money they manage. Bank of America Corp’s latest survey of global fund managers shows they have 56% of their portfolios in equities, the highest…
The Securities and Exchange Board of India (SEBI) has introduced the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) framework, allowing eligible Alternative Investment Fund (AIF) schemes to launch within 10 working days of filing their Private Placement Memorandum (PPM), unless the regulator raises objections. The new framework replaces a process that often took around a…