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Axis Bank becoming a promoter of Max Life has reduced pressure on the life insurance company to diversify its distribution channel. The private lender accounts for 55-60% of the insurer’s sales and this was creating pressure on Max Life to ensure certainty of relationship.
Ahead of Market: 10 things that will decide D-Street action on WednesdayIndian benchmark indices Sensex and Nifty closed higher on Tuesday, with Sensex gaining 0.25% to reach 63,323 and Nifty advancing 61 points to close at 18,816.70. All Nifty sectoral indices, other than pharma and media, ended… Read MoreSebi issues demand notices to 5 entities in Fortis Healthcare fund diversion caseFive entities, including Saubhagya Buildcon and Zolton Properties, have been issued notices by the Securities and Exchange Board of India (Sebi), asking them to pay Rs 5.7 crore ($755,000) in funds relating to Fortis Healthca… Read More2 entities offload 14% stake in Sansera Engineering for Rs 622 crICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, SBI Life Insurance Company, Societe Generale, Public Sector Pension Investment Board, and International Monetary Fund, among others, were buyers of shares.
from Stocks-Ma… Read More15 entities dupe investors to the tune of Rs 2.09 crore. Here's howThe Securities and Exchange Board has fined multiple entities for impersonating a brokerage firm and creating artificial volumes in the Kapil Raj Finance scrip through SMS tips. The investigation found that at least 15 people… Read MoreIIFL Securities to appeal to SAT against SEBI order on onboarding new clients“It may be noted that the order does not affect the company’s existing business with the existing clients,” IIFL Securities said in an exchange filing.
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