Page 6 - Policybazaar

Why India must put a premium on affordable healthcare for its citizens

Millions depend on health insurance. Comprehensive coverage for diseases and medical procedures ensures that policyholders pay only for what they need

HC refuses to restrain use of PolicyBazaar trade marks on Google AdWords

The Delhi High Court has rejected a plea by Policybazaar, an aggregator of insurance products, seeking to restrain the use of key words identical to its trade marks on Google's AdWords Program by other entities. Justice Navin Chawla, while dealing with Policybazaar's plea against the alleged use of its trademark by Coverfox Insurance Broking Pvt Ltd and Acko General Insurance Ltd on the Adwords Program, said prima facie no case of infringement was made out. Plaintiff Policybazaar, in its lawsuits against Coverfox and Acko, claimed that the defendant companies were using key words identical to the Policybazaar marks like "Policy Bazaar", "PolicyBazaar" and "Policy Bazar" with the intent of diverting business from its website by causing confusion. The court, in its interim order, said the suits were based on the allegations of mere use of the registered trademarks of Policybazaar as key words by the defendants in the AdWords Program and the mere appearance of the websites of the ...

Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations

Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)

Table on rates and terms for health insurance polices in market

After purchasing a policy, do not surrender it midway through tenure

PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip

The selling in PB Fintech (Policybazaar) shares, analysts feel, is overdone as the owner of the online insurance portal remains committed to achieving profitability

PB Fintech sheds 4% even as Q1 net loss narrows to Rs 12 cr

The stock opened higher and hit a 52-week high at Rs 816, before slipping into the negative zone in intra-day deals on Tuesday.

PB Fintech's net loss narrows to $1.4 mn in Q1 on loan, insurance demand

Revenue from operations rose 31.8% to 6.66 billion rupees, with revenue from Policybazaar and Paisabazaar, its core online business, growing 39% to 5.16 billion rupees

Relying solely on corporate health insurance plan can impact your finances

Supplement it with a retail plan with adequate sum insured, and no room rent or disease-wise capping

PolicyBazaar hits fresh 52-week high; stock nearly doubles from 52-week low

The stock of fintech company was trading at its highest level since May 2022.

PB Fintech to wipe out accumulated losses in next 4 years on revenue growth

PB Fintech, the parent firm of Policybazaar, expects to wipe out accumulated losses in the next four years on the back of revenue growth, a top official said. The total revenue of the company increased to Rs 1,710 crore in FY23 from Rs 1,200 crore in the preceding fiscal. As a result, the loss narrowed to Rs 488 crore from Rs 833 crore in the previous fiscal. "FY24, our hope is EBITDA coming out of core business will be more than enough to cover all investments and overall, as a company, we should be PAT positive for the full year. What we want is Rs 1,000 crore PAT by FY27. Three years from now. "In another four years, we should be able to wipe out our accumulated losses. Between, FY 27-28, we should be able to wipe out losses," PB Fintech chairman and group CEO Yashish Dahiya told PTI. The breakeven will be reached only after accumulated losses are wiped out. This year, he said, the company would be Rs 400-500 crore cash positive and therefore, there may not be any need for ...

Tencent Cloud Europe offloads 2 pc stake in PB Fintech for Rs 562 cr

Tencent Cloud Europe BV on Friday offloaded over 2 per cent shares of Policybazaar's parent firm PB Fintech for Rs 562 crore through an open market transaction. According to the bulk deal data available with the BSE, Tencent Cloud Europe BV sold 94,16,250 shares, amounting to a 2.09 per cent stake in the firm. The shares were disposed of at an average price of Rs 596.66 apiece, taking the transaction value to Rs 561.82 crore. As per the latest transaction, Tencent's shareholding has reduced to 6.28 per cent from 8.37 per cent (as of March 2023) equity in PB Fintech. On Friday, shares of PB Fintech fell 2.85 per cent to close at Rs 604.65 per piece on the BSE.

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Policybazaar Q4 results: Net loss narrows to Rs 9 crore, revenue up 61%

The company's consolidated revenue from operation rose by 60.92 per cent to Rs 869 crore for the March quarter as compared to Rs 540 crore in the year-ago period

Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent

Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.

Need for business insurance leads to new brand 'Policybazaar for Business'

Business Insurance penetration in India at merely 15%

PolicyBazaar hits over 5-month high; surges 30% thus far in February

The company expects adjusted EBITDA to turn positive in current quarter (Q4FY23).

Is the worst over for new-age tech companies? Here's what analysts say

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

YES Bank, PolicyBazaar added to FPI cart in October-December quarter

FPI holding rose to 20.18%, reinforced by Rs 47,349-crore inflows

New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%

In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd