BAJAJ GENERAL INSURANCE
Softbank continues to offload Indian equities, sells Meesho shares worth Rs 1,885 cr. Which other stocks did it sell this year?
SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC sold 7.64 crore shares of Bengaluru-based Meesho at an average price of Rs 246.75 apiece on Friday, according to block deal data on the National Stock Exchange (NSE). This takes the total value of the deal to a little over Rs 1,885 crore.
Softbank further trims India exposure, offloads Meesho shares worth Rs 1,885 crore
In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE). The share sale was executed on Friday at an average price of Rs 246.75 apiece, taking the total deal value to Rs 1,885.17 crore.
General insurers clock 10.5% premium growth in October
General insurance companies in India saw a 10.5% increase in gross direct premium income in October. Standalone health insurers also reported significant growth, outperforming general insurers in several areas. HDFC ERGO and SBI General led the performance among private insurers with impressive increases in premium income. Public sector insurers like National Insurance also experienced growth, though some faced declines.
Softbank further trims India exposure, offloads Meesho shares worth Rs 1,885 cr
In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE).
Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea
Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
Bajaj Finserv shares rise 2%, extend gains after Q2 results. Why Jefferies reduced target price but still sees 34% upside
Bajaj Finserv shares had gained around 2% on Tuesday as well after the company announced the earnings, reporting a 17% YoY increase in revenue from operations to Rs 43,416 crore for the second quarter of the ongoing financial year 2027, from Rs 37,215 crore reported in the year-ago period. The shares of the company rose further to Rs 1,749 apiece on Wednesday morning.
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy in debut trade
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
Jio Platforms could overtake Bharti Airtel to become India’s second-largest listed company after its October 28 debut, with a 22% grey market premium implying a market capitalisation of Rs 12.5 lakh crore. Its Rs 30,213-crore IPO drew 22.2 times subscription, while brokerages highlighted growth opportunities in broadband, enterprise technology and AI.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
At this juncture, what companies say about their Q2 results, and their outlook for Q3 and Q4, matters a great deal – but only to a certain extent. A company can plan only for what is in its control. No management can predict what the US President will decide, or which way the trouble in the Gulf will turn next.
ET Business Growth Summit, Nagpur: Maharashtra minister Jaiswal calls for a rethink of industrial incentives to ease investor stress
ET Business Growth Summit in Nagpur highlighted land shortages, financing constraints, and rising energy costs as major challenges.
Bajaj Finserv says Deepak Reddy appointed as CEO designate of Bajaj General Insurance
Bajaj General Insurance has appointed Deepak Reddy as CEO designate from January 1, 2027. He will take over as managing director and CEO on April 1, 2027, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Insurers nearly double private credit fund investments
Over the past two years, insurance companies have notably enhanced their engagement with private credit funds as a strategy to diversify investments and generate better returns for their clients. Insurers are advocating for higher caps on alternative investment fund allocations to strengthen their financial portfolios. Thanks to recent regulatory updates that expanded investment choices, both life and general insurance sectors are now keenly involved in private credit markets.
How a personal loan can help you manage planned and emergency expenses
Understand how a personal loan can help you cover planned expenses and urgent financial needs, explore its benefits, and plan your EMIs based on your budget.
Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids
Global investors included BlackRock Global Funds, Capital Group, Fidelity, New World Fund and American Funds Developing World Growth and Income Fund. Other overseas participants included Abu Dhabi Investment Authority (ADIA), Janus Henderson, Societe Generale, Morgan Stanley Investment Funds, Norway's Government Pension Fund Global, Citadel Securities Singapore, Eastspring Investments, T. Rowe Price, Prudential Hong Kong and Integrated Core Strategies (Asia).
10-minute househelp startups & their crore-sized losses
Latest financials reported by Snabbit and Urban Company on Friday point to heavy cash burn in the race to deliver household services within 10 minutes. This and more in today’s ETtech Top 5.
Ather Energy gets Irdai licence, will distribute and service insurance policies
The Insurance Regulatory and Development Authority of India granted the subsidiary a certificate of registration on October 15 to act as a corporate agent (composite), Ather Energy said in a stock exchange filing on Thursday. The registration covers life, general and health insurance.
With Rs 50,000 salary, does a 6-month emergency fund mean having Rs 3 lakh? Practical tips to achieve the right amount
6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family.
BlackRock, Goldman Sachs, Nomura among key investors as Zetwerk mops up Rs 2,251 crore in anchor bidding; IPO opens on Oct 15
Zetwerk Manufacturing Businesses raised Rs 2,251 crore from 99 anchor investors, including BlackRock, Goldman Sachs and Nomura, ahead of its IPO opening on October 15. The Rs 5,012 crore issue, priced at Rs 143–151 per share, comprises a fresh issue and an offer for sale. Subscription closes on October 19.
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