Corporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense competition and increased underwriting capacity are driving these price drops. Experts warn this trend could impact industry profitability. Buyers are benefiting from lower costs across various insurance segments. This market softness is unprecedented, affecting all business lines.Read More
Two Gujarat-based companies have submitted draft IPO papers to Sebi. Surat’s Cosmic PV Power plans to raise ₹640 crore through a fresh issue and OFS. Vadodara’s Gujarat Victory Forgings has also filed for an IPO, comprising a fresh issue and an offer for sale.Read More
Wall Street surged Tuesday as speculation of a de-escalation in the Middle East conflict eased oil price and inflation fears. Major indexes rallied following reports of President Trump’s willingness to end military action against Iran. Investors are seeking indications of a normalized energy flow through the Strait of Hormuz.Read More
Biogen will buy Apellis Pharmaceuticals for about $5.6 billion, adding a promising kidney disease drug to broaden its rare-disease portfolio amid efforts to diversify beyond its slowing multiple sclerosis franchise.Read More
Nvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial intelligence chips that the smaller company designs with Nvidia’s networking gear and central processors.Read More
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