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BusinessAlliance Insurance Brokers is planning to sell a 30% minority stake to raise ₹800-900 crore through primary and secondary share sales. The company has appointed O3 Capital as advisor and expects existing investor Access Asset Managers to exit after 10 years. Funds will support expansion in tier 2 and 3 Indian markets and global reinsurance growth in West Asia and Africa.
Mint Companies·7h ago
SportsIn India's second ODI against West Indies, Rohit Sharma celebrated his century with a unique jump that sparked curiosity. However, South African cricket great Herschelle Gibbs called the celebration a "stinker" on social media and said he would message Rohit about it. Rohit declined to explain the meaning, saying it was personal and not meant to be shared. Teammate Ravindra Jadeja had suggested a slide-and-jump celebration, which Rohit did not consider.
NDTV Cricket·59m ago
BusinessIn Amethi, women from a self-help group have started a business making traditional havan samagri using cow dung and 31 types of herbs. They received training and now run their own enterprise. Raw materials like cow dung are freely available in villages, while other ingredients require an initial investment of ₹4-5 thousand. The finished product is packed and sold in the market, providing a steady monthly income.
News18Hi Business·18m ago·Amethi
BusinessHonda Cars India is set to launch the facelifted Honda Elevate SUV in the Indian market first. The updated model will feature not only exterior design changes but also several new interior features. This launch marks India's debut for the refreshed Elevate, aiming to attract buyers with its enhanced look and upgraded amenities.
Aaj Tak·26m ago
PoliticsMina Ram received agricultural land in Shimla under Himachal Pradesh's Nautor rules in 1972, but the official land document (patta) was never signed. After his death in 1990, his wife Sewati Devi also failed to get the patta signed. When their daughter applied after Sewati's death in 2012, officials refused, citing that married daughters cannot inherit land under Nautor rules, despite her legal claim under the Hindu Succession Act.
Economic Times·52m ago·Shimla
BusinessPB Fintech shares have dropped 50% from their peak, falling below the 2021 IPO price of Rs 980. This sharp decline over six days follows proposed regulatory curbs by IRDAI on insurance distribution. Brokerages including Bernstein and Jefferies have lowered their target prices due to concerns over earnings pressure caused by these regulatory changes.
ET Markets·49m ago
Mint Companies·7h ago
Alliance Insurance Brokers is planning to sell a 30% minority stake to raise ₹800-900 crore through primary and secondary share sales. The company has appointed O3 Capital as advisor and expects existing investor Access Asset Managers to exit after 10 years. Funds will support expansion in tier 2 and 3 Indian markets and global reinsurance growth in West Asia and Africa.
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