Axis Max Life Insurance has declared a participating (PAR) bonus of ₹2,530 crore for FY2025-26, benefiting more than 21 lakh eligible policyholders. The bonus, which will begin accruing to eligible policies from July 2026, marks the insurer’s 24th consecutive annual bonus declaration. With the latest declaration, the cumulative bonus announced by the company over the…
Tata Asset Management Company (Tata AMC) has announced temporary restrictions on subscription transactions in its Tata Gold Exchange Traded Fund (ETF) and Tata Gold ETF Fund of Fund (FoF), citing prevailing broader economic and market conditions. The restrictions will come into effect from June 8, and will remain applicable until further notice, the fund house…
Gold and silver prices extended losses in Indian futures trade on Monday (June 8), tracking weak global cues and sustained selling pressure from market participants, with silver underperforming gold amid a sharp rise in the gold–silver ratio. Gold contracts on the Multi Commodity Exchange (MCX) for August delivery declined sharply by ₹2,374, or 1.53%, to…
Investors in precious metal exchange-traded funds (ETFs) saw sharp losses on Monday (June 8) as a steep decline in global gold and silver prices dragged down domestic fund values, with silver ETFs taking a bigger hit than their gold counterparts. Most gold ETFs fell between 2% and 3%, while silver ETFs dropped more than 6%,…
Kotak Mahindra Life Insurance Company (Kotak Life) has declared a bonus of ₹1,398 crore for around 7.7 lakh participating policyholders for FY26, an increase of 18.7% over the previous year’s payout. The insurer said this marks its 25th consecutive year of bonus declarations for eligible policyholders. Bonuses under participating, or with-profit, policies are generally not…
West Bengal is set to become the 36th State/Union Territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), with the National Health Authority (NHA) and the state government scheduled to sign a Memorandum of Understanding (MoU) on June 8. According to a statement issued by the Ministry of Health and Family…
India’s retail credit market maintained strong momentum in the January-March quarter of 2026, with total assets under management (AUM) rising 16% year-on-year to ₹162 lakh crore, while new loan originations jumped 40% to ₹29 lakh crore, according to Equifax India’s latest Retail Credit Trends Report. The report identified gold loans as the fastest-growing retail lending…
International travellers are seeking broader insurance coverage as flight disruptions, geopolitical tensions and health-related concerns make overseas trips less predictable, according to industry experts. The trend is also showing up in insurance purchases. Travel insurance adoption among Indian travellers rose 22% year-on-year in 2026, according to data from Policybazaar, indicating growing awareness of travel-related risks…
India’s Jan Samarth portal, a government-backed digital platform for accessing credit-linked schemes, has completed four years of operations, having processed loan applications worth more than ₹3 lakh crore since its launch in June 2022. According to a Finance Ministry background note, the portal had processed around 54.1 lakh applications involving over ₹3 lakh crore as…
Nippon India Mutual Fund has temporarily restricted certain subscriptions in two of its gold-focused schemes, citing prevailing market conditions, according to a notice-cum-addendum issued by the fund house. The restrictions, effective June 8, apply to Nippon India ETF Gold BeES and Nippon India Gold Savings Fund. For Nippon India ETF Gold BeES, the fund house…
