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The Finance Ministry is once again examining the merger of three state-owned general insurance companies—Oriental Insurance, National Insurance and United India Insurance—after an improvement in their financial condition, PTI reported citing sources. The move revives a proposal first announced in the 2018-19 Budget to consolidate the three entities into a single insurer to improve efficiency…

If you wait for a day when you feel zero fear, you may never start. (AI image) If you’ve ever opened an investing app, seen a zig-zag line, felt your stomach drop and quietly closed it—congratulations, you are perfectly normal.You work hard for your money. You’ve heard horror stories about stock market losses, “this fund…

The Competition Commission of India (CCI) has sought information from IndiGo and aviation regulator DGCA to assess whether the country’s largest airline indulged in unfair business practices following widespread flight cancellations last month, PTI reported citing sources.In early December, IndiGo, which commands over 63% share of the domestic aviation market, faced major operational disruptions that…

Mumbai: Prism, the parent company of Oyo, has secured markets regulator Sebi’s nod to go ahead with its IPO in what will be its third attempt at going public, said people aware of the matter. The company is seeking to raise up to Rs 6,650 crore through fresh issues of shares and is targeting a…

MUMBAI: Edelweiss Financial Services on Monday said it will bring in The Carlyle Group as strategic majority investor in its housing finance subsidiary, Nido Home Finance, with Carlyle-affiliated funds committing Rs 2,100 crore to the business. The transaction, announced on Tuesday, involves the acquisition of a 45% stake in Nido from Edelweiss through a secondary…