Life insurance firms reported an increase of about 27 percent in its new premium collection in February at Rs 13,698.52 crore, data from insurance regulator Irdai showed.
HDFC Standard Life Insurance Company (HDFC Life) has come up with a single-premium annuity products for those who want to plan their retirement in advance.
Indian market rallied last week to touch fresh highs. Key indices – Sensex ended 1.5% up, Nifty rose 1.2% and Bank Nifty gained 3.1%. A look at some key events:
HDFC Life initial public offering could raise as much as 86.95 billion rupees ($1.34 billion) after the Indian insurer set a price range for the IPO.
Country's largest mortgage firm HDFC Ltd has said it would unlock values of its subsidiaries including life and non-life ventures at opportune time.
Max Life Insurance and Max Financial Services will merge into HDFC Standard Life Insurance. “
TRANSPORT CORPORATION OF INDIA
Acquired New ship to enhance capacity in West Coast of India for Rs 48.8cr
TCI Seaways already has an existing capacity of 5 ships with a DWT @37360
The new ship is with a DWT 26262 and can hold 766 containers
Each container will be carrying capacity of 30 tonnes
QIP Opens Today; Floor Price Set At Rs 227.15/Share
INFRA STOCKS IN FOCUS
Infra to bid for Rs 190 bn UP road project
A total of 12 firms are eligible for bidding
According to sources, the financial bid of these companies would be opened next week, probably on March 28
Reliance, PNC Infratech, NCC), L&T, BSCPL Infrastructure (formerly B Seenaiah & Company (Projects)), Sadbhav Engineering, Oriental Structural Engineers, Ashoka Buildcon, KNR Constructions, Apco Infratech, Gayatri Projects, Afcons Infrastructure have been found eligible for financial bids
A consortium led by State Bank of India (SBI) would give a credit line of Rs 150 billion for the project
Business Standard Reports
Lowest bidder for 2 Projects in NH 753J worth Rs 448 Cr
IndiGo- Qatar to make joint bid for Air India
Indigo said its first priority would be to buy the overseas flights of Air India
Acquiring Air India will lead to a majority market share of more than 50%
Financial Express Reports