New India Assurance Shares

The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.

Visiting Federal Bureau of Investigation or FBI Director Christopher Wray has assured India that the US is probing attack on the Indian Consulate in San Francisco "aggressively" and would be able to share "credible" leads soon, sources said.

The US will continue to support India with equipment and other things it needs along the Line of Actual Control (LAC) with China, a top American admiral has told lawmakers, asserting that Washington and New Delhi share a "tremendous partnership".

State-run insurers - New India Assurance and General Insurance Corporation of India, hit the 20 per cent upper circuit on privatisation reports.

Lately, the India VIX or fear index has jumped to touch new highs on the back of the investors' concerns over the economic fallout.

Analysts had expected a weak opening for the top Indian non-life insurer as demand for the issue was only 1.2 times the number of shares on offer, indicating relatively low interest in what has been a record year for IPOs in the country.

New India Assurance IPO subscription finished Day 1 on a strong note.

State-owned general insurer New India Assurance and reinsurance firm General Insurance Corporation of India (GIC Re), as also HDFC Life are among the other names that may launch their share sale offers.

The bank has decided to issue and allot up to 2.26 crore of Rs 10 each for cash at Rs 283.50 per share, including premium of Rs 273.50 per equity share, at a price as determined in accordance with Sebi regulation aggregating up to Rs 641.99 crore on preferential basis, BOI said in a notice to the BSE.

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 per cent after it picked up the private lender's shares through open market transactions.

The Paytm Payments Bank on Friday assured its customers that their "money is safe" with the company, two days after the Reserve Bank of India (RBI) issued a directive restricting it from accepting new deposits or allowing credit transactions.

Visiting Federal Bureau of Investigation or FBI Director Christopher Wray has assured India that the US is probing attack on the Indian Consulate in San Francisco "aggressively" and would be able to share "credible" leads soon, sources said.

The US will continue to support India with equipment and other things it needs along the Line of Actual Control (LAC) with China, a top American admiral has told lawmakers, asserting that Washington and New Delhi share a "tremendous partnership".

State-run insurers - New India Assurance and General Insurance Corporation of India, hit the 20 per cent upper circuit on privatisation reports.

Lately, the India VIX or fear index has jumped to touch new highs on the back of the investors' concerns over the economic fallout.

Analysts had expected a weak opening for the top Indian non-life insurer as demand for the issue was only 1.2 times the number of shares on offer, indicating relatively low interest in what has been a record year for IPOs in the country.

New India Assurance IPO subscription finished Day 1 on a strong note.

State-owned general insurer New India Assurance and reinsurance firm General Insurance Corporation of India (GIC Re), as also HDFC Life are among the other names that may launch their share sale offers.

The bank has decided to issue and allot up to 2.26 crore of Rs 10 each for cash at Rs 283.50 per share, including premium of Rs 273.50 per equity share, at a price as determined in accordance with Sebi regulation aggregating up to Rs 641.99 crore on preferential basis, BOI said in a notice to the BSE.

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 per cent after it picked up the private lender's shares through open market transactions.