Allianz Financial News

₹1,929 crore for the second quarter of FY24, registering a growth of 24% from ₹1,557 crore in the corresponding quarter of last fiscal. The company’s consolidated revenue in Q2FY24 increased 25.1% to ₹26,023 crore from ₹20,803 crore, YoY. “Against the backdrop of upbeat macro-economic conditions during the quarter.

Karnataka Bank on Thursday approved the allotment of equity shares of Rs 10 face value worth about Rs 800 crore to HDFC Life Insurance, Bajaj Allianz Life Insurance, Quant Mutual Fund, Bharti AXA Life Insurance and Bajaj Allianz General Insurance on a preferential basis. The bank board which met on Thursday approved the allotment after receiving 99.79% favorable votes from its shareholders for the preferential issue. Karnataka Bank MD & CEO Srikrishnan H said in a statement: «We are happy to have completed a successful Capital raise through Pref Allotment of Rs.

War in the Middle East could cause the oil price to surge to $140 a barrel and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.

Bajaj Allianz General Insurance, a prominent private general insurance company in India, introduces its enhanced “Health Prime" rider, aimed at complementing and elevating their current health insurance and personal accident policies. This innovative rider revolutionizes the concept of health coverage by presenting a comprehensive range of benefits, providing holistic healthcare solutions to their valued customers.

car insurance is also a legal requirement. And with a diversified insurance market that offers a variety of options, selecting the right car insurance policy can be challenging. Here is quick guide on the key factors you must consider when selecting a suitable insurance policy for your car: Before exploring insurance policies, it is important to assess your needs.

Medical insurance usually comes handy in case of hospitalisation along with miscellaneous expenses. However, when someone is diagnosed with a serious illness that entails a number of visits to the hospital, the usual medical insurance policy may not suffice. So, what should one do? Well, the answer may vary from situation to situation but more often than not, it is a critical illness cover.

The four departing portfolio managers, who are part of the firm's 12-member global growth team, are Robert Hofmann, Marcus Morris-Eyton, Darina Valkova and Nicolas Goncalves. In light of the exits, Allianz GI has appointed Christian Schneider, current deputy global growth CIO and lead portfolio manager of the firm's flagship Global Equity Unconstrained strategy, to lead the team with immediate effect.  The asset manager will also replace some of the departed managers with two portfolio managers, Julian Bishop and James Ashworth, who both joined in November 2022. The firm said it will ...

health insurance helps in saving taxes and provides financial assistance for medical expenses. As a result, you do not have to dig into your savings in case of medical emergencies. Ultimately, it helps you save money in both ways.

₹1,010 crore on Tuesday. It received the show cause cum demand notice from the Directorate of GST Intelligence for the non-payment of GST on co-insurance and re-insurance premiums, said Bajaj Finserv in its stock exchange filing on Tuesday.

Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance Company Limited (BAGIC) on September 29 received a show cause cum demand notice from the Directorate General of Goods and Services Tax (GST) Intelligence alleging a tax demand of Rs 1010.05 crore, the financial services company informed the exchanges on Tuesday. The notice was sent by the authority's Pune office referring to the failure to pay GST between July 2017 and March 2022 notably in two areas.

When it comes to the different risks that surround retirement planning, advisors tend to focus on market risk. However, there are two more that shouldn’t be ignored: longevity risk and sequence of return risks.

Sam Bankman-Fried's upcoming trial on fraud charges marks a major test for a broader crackdown on white collar crime led by Manhattan's top federal prosecutor: Damian Williams. Upon taking office in late 2021 as the U.S. Attorney for the Southern District of New York, Williams said «rooting out corruption in our financial markets» would be one of his top priorities — a familiar role for an office known as the main enforcer on Wall Street.

A recent webinar brought together advisors and experts to talk about fee-based annuities.

Recent market volatility is causing concerned clients to phone their RIAs with worries about whether they will be able to retire as planned. With the largest cohort in American history turning 65 in 2024, a new study shows the calls — and the anxiety — are only going to increase.

By Valentina Za and Emilio Parodi

If you’re in the middle of retirement planning, one of the risks you may want to consider is longevity. It’s a unique factor. It impacts everyone, it is impossible to forecast, and it changes over time with improvements in medical science.

Planning for retirement can be a complicated problem.

U.S. stocks have slid more than 6% from their late July highs, and the past week has been particularly nerve-wracking for investors. The Fed projected it would leave interest rates at elevated levels for longer than expected, sparking selloffs in U.S.

Karnataka Bank’s board on Friday decided to raise about Rs 1,500 crore in fresh capital in one or more tranches through preferential issue / rights issue/ QIP or any other permissible mode. The board decision, however, is subject to shareholder approval. The board approved the issuance of up to 3,34,00,132 equity shares of face value of Rs 10 each to HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Quant Mutual Fund, Bharti AXA Life Insurance Company, and Bajaj Allianz General Insurance Company at a price of Rs 239.52 per equity share (including premium of ₹ 229.52/- per share), amounting to about Rs 800 crore on a preferential basis. The proposed issue will help the bank strengthen its financial foundation for future growth.

'Asset owners have a huge role to play, with potential contributions up to $31trn by 2050, but only by removing current investment barriers will we be able to unlock the full potential of private capital.'

An influential group of institutional investors has called on governments to remove policy barriers to help unleash an estimated $275 trillion in new clean-energy investments over the next three decades.