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IndusInd International Holdings (IIHL) on Tuesday said it will list the insurance units of Reliance Capital in two to three years, after it completed the transaction to buy the financial services firm.
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Indian indices surged for a second consecutive session, with Sensex rising 1,131 points to 75,301 and Nifty gaining 325.55 points to 22,834. Analysts see bullish momentum, with Nifty targeting 23,150 and support at 22,700.
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Life insurance behemoth LIC is confident of buying a stake in a health insurer in the next two weeks, its chief executive Siddhartha Mohanty said on Tuesday.
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Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE.
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Gold and silver prices surged to record highs, driven by trade tensions, inflation data, and a weaker dollar. While some consolidation is expected, the overall bullish trend remains intact, with investors advised to adopt a buy-on-dips strategy.
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Bajaj Finserv plans to list its life and general insurance arms at an appropriate time, ruling out an FY27 listing. After acquiring Allianz’s stake, the company now fully owns both insurers and aims for strong, industry-leading growth.
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U.S. stock indexes opened lower on Tuesday as worries about the impact of U.S. tariffs and their impact on economic growth prevailed ahead of a monetary policy decision from the Federal Reserve.
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Five NSE large-cap stocks have a significantly higher P/E ratio than their industry average, indicating premium valuations. While this reflects investor confidence, it may also suggest potential overvaluation compared to industry peers.
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