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Open-ended debt schemes have seen a 42% month-on-month decline in net inflows during May, according to data published by the AMFI.

Paytm Money has been given the go-ahead from the Pension Fund Regulatory and Development Authority to distribute NPS.

The government might lower interest rates on some small savings schemes for July-September quarter. This change might be announced either this week or early next week.

HDFC has acquired 51.2% stake in Apollo Hospitals Group. Which is 1.2 times its official gross annual premium for FY 2019.

Reliance Capital has signed an agreement with Nippon Life Insurance for sale of its stake in Reliance Nippon Life Asset Management.

A rise in the minimum pay against the recommendation of the 7th Pay Commission for Central Government employees is expected with the new Modi 2.0 government.

Post this Lok Sabha Elections, IRDAI has proposed to implement an increase in third party motor insurance premium rates for various automobile categories.

The reinsurance Company General Insurance Corporation of India (GIC Re) has mandated the general insurance companies in India to hike the rates of fire insurance, being the lowest of the lot.

IRDAI has proposed to increase the third-party motor insurance premiums by around 17 to 20% in the new financial year 2019-20 for two-wheelers, cars and commercial vehicles.

Although Aadhaar is constitutionally valid, it is not mandatory for all services including for mobiles, bank accounts. Learn more about this news here.

Unique Identification Authority of India (UIDAI) may take action against banks and telecom companies insisting on Aadhaar as the sole identity and address proof.

3 public sector general insurance companies – National Insurance Company, United India Insurance Company and Oriental Insurance Company - are all set to merge, as per the announcement during the Interim Budget 2019-20.