Godigit

GoDigit is yet to receive a final nod from the insurance regulator for its life insurance license. On March 31, the Insurance Regulatory and Development Authority of India ( The second tranche of the investment for GoDigit Life is subject to meeting the requirements as agreed between the two parties, the banks said. GoDigit’s Life’s parent entity GoDigit has been in the process of trying to go public for more than a year. Sebi put its $440 million IPO in "abeyance" in September last year over compliance issues around the distribution of employee stock plans (Esop). Earlier this month, Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Vodafone Idea Ltd (Vi) proposes to infuse a total equity of ₹14,000 crore in the near term as part of its business revival plan, said people with knowledge of ongoing discussions. This will see existing promoters Aditya Birla Group (ABG) and UK’s Vodafone Group Plc infuse half the overall amount, they said. As many as 205 managers at Hindustan Unilever Ltd (HUL) took home more than Rs 1 crore in annual salary in FY23, up 25% from 163 in FY22. However, just a third of executives who drew eight-digit salaries were under 40 in FY23, reversing the decade-old trend when half the HUL crore club were people under that threshold.

• Adani Enterp. 2457.75 ↑ 6.60 (0.27%) • Adani Ports 743.95 ↑ 9.00 (1.22%) • Apollo Hospitals 4940.75 ↑ 14.05 (0.29%) • Asian Paints 3170.60 ↓ -9.95 (-0.31%) • Axis Bank 976.90 ↑ 2.15 (0.22%) • B P C L 367.60 ↑ 8.15 (2.27%) • Bajaj Auto 4749.60 ↑ 6.20 (0.13%) • Bajaj Finance 7092.10 ↑ 54.95 (0.78%) • Bajaj Finserv 1465.50 ↓ -1.00 (-0.07%) • Bharti Airtel 835.90 ↑ 2.40 (0.29%) • Britannia Inds. 4894.00 ↑ 15.25 (0.31%) • Cipla 968.90 ↓ -0.35 (-0.04%) • Coal India 228.50 ↑ 0.85 (0.37%) • Divi's Lab. 3449.25 ↑ 20.50 (0.60%) • Dr Reddy's Labs 4688.85 ↑ 22.05 (0.47%) • Eicher Motors 3589.20 ↑ 7.90 (0.22%) • Grasim Inds 1719.70 ↑ 3.95 (0.23%) • H D F C 2642.60 ↓ -10.30 (-0.39%) • HCL Technologies 1135.00 ↑ 25.25 (2.28%) • HDFC Bank 1603.10 ↓ -7.50 (-0.47%) • HDFC Life Insur. 584.35 ↑ 2.65 (0.46%) • Hero Motocorp 2923.00 ↑ 23.70 (0.82%) • Hind. Unilever 2642.85 ↑ 6.65 (0.25%) • Hindalco Inds. 418.65 ↑ 3.60 (0.87%) • ICICI Bank 939.15 ↑ 1.10 (0.12%) • IndusInd Bank 1326.55 ↓ -4.50 (-0.34%) • Infosys 1290.55 ↑ 24.60 (1.94%) • ITC 434.70 ↓ -3.75 (-0.86%) • JSW Steel 749.00 ↑ 0.50 (0.07%) • Kotak Mah. Bank 1876.75 ↑ 4.75 (0.25%) • Larsen & Toubro 2338.20 ↓ -24.80 (-1.05%) • M & M 1377.00 ↑ 6.35 (0.46%) • Maruti Suzuki 9549.00 ↓ -78.80 (-0.82%) • Nestle India 22224.80 ↑ 151.35 (0.69%) • NTPC 186.00 ↑ 3.20 (1.75%) • O N G C 155.05 ↑ 0.80 (0.52%) • Power Grid Corpn 242.50 ↓ -2.40 (-0.98%) • Reliance Industr 2477.25 ↓ -4.70 (-0.19%) • SBI Life Insuran 1248.10 ↑ 15.70 (1.27%) • St Bk of In...

Als u op ' Alles accepteren' klikt, gebruiken wij en • gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen • de effectiviteit meten van gepersonaliseerde advertenties en content, en • onze producten en services ontwikkelen en verbeteren Als u niet wilt dat wij en onze partners cookies en persoonsgegevens voor deze aanvullende doeleinden gebruiken, klik dan op ' Alles weigeren'. Als u uw keuzes wilt aanpassen, klik dan op ' Privacyinstellingen beheren'. Je kunt je keuzes te allen tijde wijzigen door te klikken op de links 'Privacy- en cookie-instellingen' of 'Privacydashboard' op onze sites en in onze apps. Lees ons

Go Digit Life Insurance Ltd, backed by Canada-based Fairfax Group, has received the life insurance business licence from the Insurance Regulatory and Development Authority of India (IRDAI) on Friday (June 9). Cricketer Virat Kohli and his actor wife Anushka Sharma are among the investors in the firm. With this, Fairfax Group has become the 25th life insurer in the country. The licence to Go Digit Life Insurance is the fourth life insurance business licence issued by IRDAI this year. IRDAI, in a statement, said: “IRDAI, in its 122nd meeting held on 2 June 2023, has granted the certificate of registration to a new life insurer, namely, Go Digit Life Insurance to carry life insurance business in India." Earlier, IRDAI Chairman Debasish Panda stressed on the need for more players in the market to grow the insurance sector and increase penetration. Go Digit, which is a tie-up between Watsa’s Fairfax and insurance industry veteran Kamesh Goyal, offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products. Go Digit is one of the first non-life insurers in the country, which fully operates on the cloud. The company has developed application programming interface (API) integrations with several channel partners. In April this year, Go Digit General Insurance Ltd refiled its preliminary IPO papers with Sebi after making certain changes to its employee stock appreciation rights scheme. In January, ...

(Incl 18% GST) • For claims, just call on 1800-258-5956. No forms to be filled • Get a link for Self-Inspection on your registered mobile number • Shoot the damages from your smartphone through a guided step by step process • Our team will then assess the damages and get back with an estimate • Visit any of our 6000+ authorised garages (for private cars only) for cashless repairs! CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158. Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.

SEOUL, June 13 (Xinhua) -- South Korea's corporate revenue logged a double-digit growth last year owing to higher export price for oil products and automobiles, central bank data showed Tuesday. Revenue among 12,199 manufacturers and 17,930 non-manufacturers subject to external audit gained 16.9 percent in 2022 compared to the previous year, according to the Bank of Korea (BOK). It was down from an expansion of 17.7 percent in 2021. Revenue for manufacturers increased 16.4 percent in 2022 after growing 19.7 percent in the previous year. The double-digit increase was attributed to higher price for exported cars and oil products. Sales by non-manufacturers rose 17.5 percent last year after climbing 15.3 percent in the prior year. Corporate profitability worsened as higher raw material prices raised production costs. The ratio of operating profit to revenue stood at 5.3 percent in 2022, down from 6.8 percent in the previous year. The ratio for manufacturers declined 1.5 percentage points over the year to 6.3 percent last year, while the reading for non-manufacturers slipped 1.5 percentage points to 4.2 percent. The ratio of operating profit to interest cost retreated from 654.0 percent in 2021 to 455.4 percent in 2022 on lower corporate profitability. The debt-to-equity ratio for the local companies came to 102.4 percent in 2022, up 1.4 percentage points from the previous year. Enditem

The entry of Go Digit increases the number of insurers operating in the life insurance space, marking the first expansion since 2011. Apart from Fairfax and Goyal, HDFC Go Digit received R3 certification of registration on Friday after obtaining R1 and R2 licenses. During this stage, the regulator scrutinises the financial condition of the promoters, foreign investors, and the management's general character. The regulator also evaluates the company's business plan, the expected volume of business, Most Searched Stocks 569.80 03:59 PM | 16 Jun 2023 1.35 (0.24%) 453.10 03:59 PM | 16 Jun 2023 5.00 (1.12%) 266.10 03:59 PM | 16 Jun 2023 -3.15 (-1.17%) 1291.65 03:59 PM | 16 Jun 2023 4.85 (0.38%) 2577.40 03:59 PM | 16 Jun 2023 24.85 (0.97%) 3174.90 03:59 PM | 16 Jun 2023 -41.40 (-1.29%) 114.25 03:59 PM | 16 Jun 2023 0.50 (0.44%) 16.30 03:59 PM | 16 Jun 2023 0.20 (1.24%) 1602.75 03:59 PM | 16 Jun 2023 20.70 (1.31%) 381.30 03:59 PM | 16 Jun 2023 -7.65 (-1.97%) Load more..