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Ixigo IPO Allotment: Verify Application Status, Latest GMP & Listing Date of Le Travenues The IPO of Le Travenues Technology, based in Gurugram, was open for bidding from June 10 to June 12. Offered in the fixed price range of Rs 88-93 per share with a lot size of 161 shares, the company raised over Rs 740.10 crore through its primary offering. This included a fresh share sale of Rs 120 crore and an offer-for-sale (OFS) of up to 6,66,77,674 equity shares. The response to the IPO was overwhelming, with the issue being oversubscribed by an impressive 98.34 times. Qualified institutional bidders (QIBs) subscribed 106.73 times, while non-institutional investors subscribed 110.53 times. Retail investors also showed significant interest, with the portion allocated to them seeing a subscription of 54.85 times during the bidding period. The grey market premium (GMP) of Ixigo IPO saw a substantial increase due to strong demand during bidding. Currently, the company commands a premium of ...

Loan facility in life insurance is mandatory  now: What you should know   Loan facility in life insurance Currently, insurers are obligated to offer a loan facility against policies, aiding policyholders in meeting their liquidity needs.   Loan Facility in life insurance Great news for policyholders! The Insurance Regulatory and Development Authority of India (Irdai) announced on Wednesday that all life insurance savings products must now incorporate a policy loan option, assisting policyholders in managing their liquidity requirements.   "This marks a significant stride in the series of reforms initiated by the insurance regulator, prioritizing the welfare of policyholders. It creates a conducive environment for fostering innovation and elevating customer satisfaction," stated Irdai.   Key Highlights:   1. Extended Free Look Period:    The free look period, granting policyholders the opportunity to review policy terms and conditio...

Mutual funds add over 1.57 crore new folios in a year. Mutual Funds, In the last one year, the MF industry recorded over 25% increase in the number of folios.     Mutual Funds, The year 2018 has been a volatile one so far for both equity and debt markets. However, investors seem to be resilient to market vagaries. This is reflected in the steady increase in a number of folios. In the one year period ending August 2018, the industry has added over 1.57 crore folios. Not surprisingly, the majority of these folios came in equity funds. In fact, of the total 1.57 crore folios, close to 1.5 crore folios were in equity funds. Equity funds include pure equity funds, ELSS, balanced funds and ETFs. Income funds recorded only a marginal increase in folios (3.55%). Meanwhile, gold ETF (32,823) and gilt funds (28,147) saw a decline in folios. In percentage terms, liquid funds saw the highest increase in folios (48.19%) followed by equity funds (30%). On the other hand, gilt funds...

Health insurance premium 40-50% hike on renewal possible? Is a 40-50% hike in annual health insurance premium on renewal possible? Could health insurance premiums see a 40-50% spike upon renewal? Unfortunately, without caps on increases, such hikes are plausible, especially for older individuals. Managing this burden requires foresight: • Build a dedicated fund: Allocating funds specifically for future premiums eases financial strain, considering health insurance is often more economical than direct medical expenses. • Maintain backup savings: Supplement insurance with a separate fund for ancillary costs like routine check-ups, crucial as healthcare needs escalate with age. • Consider super top-up plans: These plans, with lower premiums, activate after reaching a deductible threshold. Even if base plan premiums skyrocket, a super top-up can remain affordable, providing crucial coverage for major expenses. When renewing health insurance, must one disclose new medical conditions...

Docplix secures Rs 1.2 Cr in bridge round. Docplix secures, a burgeoning player in the healthtech sector, has recently secured Rs 1.2 crore in funding through a bridge round, spearheaded by Inflection Point Ventures. This latest financial boost comes on the heels of their successful pre-Series A funding round in March, where they garnered Rs 5 crore, led by Eris Lifesciences along with support from various angel investors. Prior to that, in February 2022, the company had raised Rs 1.2 crore in seed funding. The infusion of capital will be directed towards key areas such as product development, integration of cutting-edge AI technologies, and the expansion of market reach, as outlined in Docplix's official statement. This strategic allocation of funds will fuel enhancements to their Electronic Health Record (EHR) system, incorporating advanced AI functionalities aimed at bolstering decision support and patient care. Moreover, it will facilitate the broadening of their market footp...

Does Insurance Companies are making fool people? Insurance companies / providers often present a compelling argument, counting the benefits of a living person's demise. Insurance, a concept widely embraced, remains enigmatic to many. Paradoxically, the more insurance policies one accumulates, the less they may comprehend about them. Whether it's financing education, funding a daughter's wedding, buying a house, or securing retirement, the middle-class turns to policies as the answer. Yet, does this ensure financial prudence, or does it risk grave financial errors? The proliferation of policies often masks potential pitfalls, leading individuals down precarious financial paths. Insurance Agents, friends, or relatives often play the role of insurance evangelists, and those lacking such acquaintances turn to banks, where they are often guided towards policies, sometimes without full comprehension. While insurance is crucial, particularly in a country where 70% of families ...

Stock Market Today Highlights: Sensex, Nifty settle 3% higher after slipping 6% in previous session Share Market Today Highlights: Nifty and Sensex inched higher after BJP allies reassure support to the PM Modi-led BJP government. Stock Market Highlights: Indian frontline equity indices BSE Sensex and NSE Nifty 50 displayed heightened volatility on Wednesday (June 5) as market participants digested election results. The stock market soared higher as allies asserted support to PM Modi-led BJP for the next government formation. Both the indices advanced 2 per cent with broader markets also lending support to the rally. Benchmark indices Sensex closed 2,303.19 points, 3.20 per cent higher at 74,382.24 while Nifty settled 735.85 points, or 3.36 per cent higher at 22,620.35. Sensex opened 954.88 points, or 1.32 per cent higher at 73,033.90 while Nifty inched 243.80 points, or 1.11 per cent higher at 22128.30, signalling easing political nervousness among market participants. India VIX, popu...