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The Wire
6 days ago
- Business
- The Wire
BSE Limited Felicitates HDFC Life Commemorating the Life Insurer's 25th Anniversary of Incorporation
Mumbai, Maharashtra, India (NewsVoir) HDFC Life, one of India's leading life insurers, celebrated its 25th anniversary of incorporation, today. To commemorate this occasion, Ms. Radha Kirthivasan - Head Listing & SME at BSE Limited, met and congratulated Mr. Vineet Arora - Executive Director and Chief Business Officer, HDFC Life, along with Mr. Narendra Gangan – General Counsel & Chief Compliance Officer, HDFC Life and Mr. Nagesh Pai, Company Secretary and Compliance Officer, HDFC Life, at a ceremony that took place in the Mumbai head office of the life insurer. HDFC Life was established on 14th August, 2000. Over the last 25 years the Company has achieved many milestones and has become one of the leading life insurers in the country. Among the key ones is the successful IPO in 2017, to become a listed company, which was subscribed over 3.8 times. On 17th November, 2017, the company's shares were listed on BSE Ltd. and the National Stock Exchange of India (NSE India) Ltd. The company has built a legacy of trust and continues to secure lives as it continues its journey in sync with the life insurance industry's collective goal of 'Insurance for All by 2047'. Congratulating HDFC Life, Mr. Sundararaman Ramamurthy, Managing Director and CEO, BSE Ltd., said, 'This silver jubilee milestone reflects the company's steadfast dedication towards insurance penetration and empowering financial resilience across the nation. BSE Ltd. celebrates contributions of the organisation that empower and lead the growth path for a secured and Viksit Bharat.' Speaking on this milestone, Mr. Vineet Arora – Executive Director and Chief Business Officer, HDFC Life, commented, "This is a special day for us as it marks 25 years of our incorporation. We sincerely thank BSE Ltd. for their wishes on this occasion. As India's first private life insurer, our journey has been full of achievements. The trust that our customers have reposed in us over the years has been and will continue to be our driving force. With our focus on customers, innovative products and a large number of partners and agents, we are taking life insurance to customers beyond the top markets, thus deepening our reach in Tier 2 and Tier 3 cities. We are committed to the vision of 'Insurance for All by 2047'." In FY'25, HDFC Life insured over 50 million lives, reaching Indians across diverse locations. The company has maintained a consistently high claim settlement ratio (99.68%* in FY'25). *Death claim settlement ratio for individual life policies About HDFC Life Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 70 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to expand its presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants. For more information, please visit You may also connect with us on Facebook, Twitter, YouTube and LinkedIn. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Business Upturn
06-08-2025
- Business
- Business Upturn
BSE shares surge sharply after SEBI chairman says reports to curb weekly expiry ‘speculative'
Shares of BSE Ltd. surged sharply on August 6 after SEBI chairman dismissed recent media reports suggesting a possible curb on weekly derivatives expiry as 'false and speculative.' The strong denial brought relief to investors and traders, fueling a fresh rally in the stock. As of 12:15 PM, the shares were trading 1.09% higher at Rs 2,392.90. BSE opened at ₹2,370.40 and quickly gained momentum, climbing to an intraday high of ₹2,419.00, well above its previous close of ₹2,367.20. The day's low stood at ₹2,282.00, reflecting high volatility amid the news cycle. Over the past year, BSE has been one of the standout performers on the Street. From a 52-week low of ₹768.69, the stock has soared, hitting a 52-week high of ₹3,030.00 during its strong upward run. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
05-08-2025
- Business
- Time of India
BSE SME exchange crosses 600 listings milestone, cos raise Rs 10,652 crore
The BSE SME platform has crossed the milestone of 600 listed companies, marking a steady expansion in India's small and medium enterprise segment. Since its launch, the platform has helped companies raise Rs 10,652 crore, with their combined market capitalisation touching Rs 1,84,574 crore. Over the years, the platform has demonstrated consistent growth — not just in the number of listings, but also in the scale and success of the issues. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Between January 2023 and now, the average issue size for SME IPOs has surged to Rs 32 crore, nearly tripling from the earlier average of Rs 11 crore recorded between March 13, 2012, and December 31, 2022. In terms of total funds raised, the recent period has seen Rs 6,109 crore mobilised, compared to Rs 4,544 crore during the earlier span. A significant trend contributing to the platform's success is the increasing number of SMEs graduating to the main board, with nearly one-third of listed companies making that leap. The SMEs listed on the BSE SME platform span across geographies and sectors, reflecting the wide-ranging economic opportunities present across India. This diversity underscores the platform's role as a mirror of the country's economic expansion. Live Events Commenting on the development, Sundararaman Ramamurthy, MD & CEO of BSE Ltd. , said: 'With over 7 crore SMEs contributing 30% to GDP, 44% to exports, and employing nearly 60% of the workforce, MSMEs represent a tremendous opportunity to realise the vision of a developed India by 2047. The milestone of 600 listings reflects both the trust of entrepreneurs and investors and our unwavering commitment to supporting this vital sector.' In a move to further streamline the listing process, BSE SME recently launched a generative AI tool designed to vet IPO documents before official submission. This innovation is expected to improve document validation, expedite the listing process, and enhance overall efficiency. Radha Kirthivasan, Head of Listing & SME Platform at BSE, added: 'Our growth trajectory, coupled with the integration of advanced technologies, is a clear signal of our intent to empower emerging businesses. Through digital innovation, we aim to enrich the SME ecosystem and drive India's socio-economic development.' About BSE: Established in 1875, BSE is Asia's oldest stock exchange and holds the distinction of having the highest number of listed companies globally. It plays a critical role in India's capital markets, offering a transparent and efficient platform for equity, debt, derivatives, currency instruments, mutual funds, and more. The BSE Sensex, its benchmark index, is a widely recognised indicator of the Indian economy.
Business Upturn
14-07-2025
- Business
- Business Upturn
BSE shares rally almost 3% as reports suggest Jane Street deposits Rs 4,843 crore in escrow account after SEBI order
By Aditya Bhagchandani Published on July 14, 2025, 09:21 IST Shares of BSE Ltd surged nearly 3% in Monday's trade to ₹2,440 apiece after reports confirmed that global proprietary trading firm Jane Street Group deposited ₹4,843.5 crore in an escrow account, fulfilling the Securities and Exchange Board of India's (SEBI) interim order conditions. According to sources familiar with the matter, Jane Street made the deposit on Friday, complying with the SEBI directive issued on July 3, 2025. This move enables the firm to resume its trading operations on Indian exchanges, marking a significant milestone in the closely watched case. In its interim order, SEBI had directed Jane Street entities to deposit the alleged unlawful gains in an escrow account and had barred them from trading in the securities market. With the deposit now completed, the restrictions on trading have been lifted, although the firm is still prohibited from using the trading strategies flagged in SEBI's order. On the NSE, BSE shares rose by ₹68.90, or 2.91%, to ₹2,440 during early trade. The stock's previous close was ₹2,371.10. At current levels, the company commands a market cap of approximately ₹990 billion. Market participants view this compliance by Jane Street as a positive development for overall market sentiment and exchange activity. Disclaimer: The information provided is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Please consult a financial advisor before making any investment decisions. The author or publisher is not responsible for any losses incurred. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
04-07-2025
- Business
- Business Upturn
BSE shares drop over 7% today; Details here
Shares of BSE Ltd witnessed a sharp decline of over 7% in Friday's trading session, falling as low as ₹2,613.10, down significantly from the previous close of ₹2,820.10. As of 12:23 PM, the shares were trading 5.78% lower at Rs 2,657.00. The stock opened the day at ₹2,778.00 and touched an intraday high at the same level before slipping sharply. Despite the correction, BSE's stock remains up significantly in the long run, having scaled a 52-week high of ₹3,030.00 and far above its 52-week low of ₹705.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
