FM Sitharaman Rejects Claims Of Govt Influence On LIC; Says Adani Investments Followed Strict SOPs
FM Sitharaman said LIC independently makes investments, stressing that Adani-related decisions followed strict due diligence and established regulatory procedures.
Targeted Attacks Label LIC’s Adani, Reliance Stakes As Risky
Growing pressure campaigns aim to influence LIC’s investment decisions, raising concerns about destabilising long-term infrastructure funding and India’s financial confidence.
Patanjali Ayurved Acquires Magma General Insurance; Enters General Insurance Sector
Patanjali Ayurved, led by Baba Ramdev, has entered the general insurance sector by acquiring a majority stake in Magma General Insurance.
Micro-Insurance Segment In India Surpasses Rs 10,000 Crore In NBP For The First Time
Overall, NBP in the segment reached Rs 10,860.39 crore, marking a 23.5% increase from Rs 8,792.8 crore in FY23.
