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Consider this: Between January and March of this year, the average daily turnover on three of the leading crypto exchanges in India — WazirX, CoinDCX and Bitbns — was $110 million, data from CryptoWire showed.

"The Concept of Motor Insurance is constantly evolving. The advent of technology has created a relentless pace for the insurance fraternity to rise up to interesting yet challenging demands of the millennials. The general insurance sector needs to keep pace with and adapt to the changing needs of the policyholders," Irdai said in a statement.

PGCIL board okays proposals to raise Rs 11,000 crore

Updated at : 2022-07-07 07:20:03

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As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers.

IDBI always had more corporate exposure but since PCA (prompt corrective action) was imposed, partly due to force and partly by choice, we shifted to retail; as a result, we are now 63% retail on the asset side. Home loans and loans against properties make up 37% of our loan book, chief executive Rakesh Sharma says.

Indian Overseas Bank seeks buyers for 344 bad loans

Updated at : 2022-07-07 07:20:03

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Aban Holdings has outstanding loans of ₹1,271 crore, the largest account on the list. Two Essar companies are Essar Oil & Gas Exploration with ₹77.8 crore outstanding, and Essar Power Gujarat with ₹148 crore. Other big-ticket accounts include Rotomac Global with loans of ₹750 crore, Frost International with ₹839 crore, Era Infrastructure (₹567 crore) and Vadraj Cement (₹521 crore).

Nifty up over 1%, FPIs turn net buyers

Updated at : 2022-07-07 07:20:03

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Crude prices fell over recessionary fears. However, the fall has boosted the appetite for consumption, chemicals, logistics, and OMCs as it will reduce the cost burden of these sectors."

Wall Street ends up as investors absorb Fed minutes

Updated at : 2022-07-07 07:20:03

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The 0.75 percentage-point rate increase which came out of the meeting was the first of that size since 1994. According to the minutes, participants judged that an increase of 50 or 75 basis points would likely be appropriate at the policy meeting later this month.

While, its jewellery division, which contributes around 85 per cent of its revenue, reported 207 per cent growth and added 19 new stores during the quarter, taking the total count to 463.

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The Delhi-based lender said it issued a total of 2,000 bonds to 20 allottees on Wednesday.Stock of PNB closed at Rs 29.95 apiece on BSE, up by 0.84 per cent from its previous close.

US stocks open flat with focus on FOMC minutes

Updated at : 2022-07-06 20:20:03

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The Dow Jones Industrial Average fell 10.52 points, or 0.03%, at the open to 30,957.30.

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