All that happened in the markets today
Private sector general insurer ICICI Lombard General Insurance Company Ltd said it has entered into a bancassurance tie-up with Yes Bank for selling its insurance products
The quarterly results announcement by Reliance Industries and HDFC will be the major market mover today. Analysts expect a dent in RIL's retail and energy verticals in the June quarter
Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance
A more optimistic estimate by analysts at Nirmal Bang Institutional Equities pegs the profit at Rs 4,016.4 crore, up a whopping 110.5 per cent YoY and 228.8 per cent QoQ
The combined ratio stood at 99.7 per cent compared to 100.4 per cent in the same period, primarily driven by Covid-19 pandemic despite losses incurred due to catastrophic events
Post the transaction, the ICICI Bank's stake in its general insurance subsidiary stands at 51.9 per cent and the rest is publicly held
The primary trend of the ICICI Lombard GIC's stock is bullish
The insurer has plans to provide the customers with services in these challenging times wherein Covid-19 is already a significant issue and the cyclone has only made matters worse
The investor community, however, favours stocks which are trade above the 200-day moving average (DMA)
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has found. IRCTC, which is a wholly owned undertaking of the Ministry of Railways, has entered into an agreement with three private insurance companies through limited tender - Shriram General Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Royal Sundaram General Insurance Company Ltd for its Optional Travel Insurance Scheme which was launched in September 2016 with a premium of Rs 0.92 per passenger. This facility is for confirmed/RAC railway passengers who booked e-ticket through the official website of Indian Railway Catering & Tourism Corporation (IRCTC). Under the scheme, a sum assured is paid to the victim/family or legal heir of the victim as the case may be in case of death/injury of reserved passengers due to ..
Profit after tax of the company grew by 3.2 per cent in the third quarter of FY19 from Rs 232 crore to Rs 239 crore
The stock was up 2% at Rs 912 on the BSE in an otherwise weak market, trading close to its 52-week high of Rs 936 touched on September 17, 2018, in intra-day trade.
The firm has improved its combined ratio driven by lower loss and expenses ratio
The stock hit highest level since its listing on September 2017 to Rs 872, up 7%, extending its previous day's 3.8% gain on BSE
ICICI Lombard approved payment of second interim dividend of Re 0.75 per equity share of face value of Rs 10 each
ICICI Lombard listed at Rs 650, a 2% below against its initial public offer price of Rs 661 per share on the BSE
The insurer had fixed the price band at Rs 651-661 per share for the Rs 5,700-crore IPO
The product allows two wheeler owners to purchase a policy with a longer duration cover of two or three years