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16 June 2021
10:03 hour

ICICI Prudential Life declares highest-ever bonus of Rs 867 crore for policyholders in FY21

Money Works 4 Me

08/06/2021 - 22:56

This is the company's 15th consecutive year of declaring a bonus


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  1. Rs. 867 crore bonus for ICICI Prudential Life policyholders declared! Check eligibility (07/06/2021 - Financial Express)
    The bonus declared is the highest ever by the Company till date and is also 10 per cent higher than the bonus announced in the last fiscal.
    [visit article]
  2. ICICI Prudential Life: Maintain ‘buy’ with target price of Rs 790 (21/04/2021 - Financial Express)
    ICICI Prudential Life (IPru Life) reported NBP/APE growth of 23%/27% YoY in Q4FY21, following 3 straight quarters of decline. March month’s APE growth of 108% YoY was a standout.
    [visit article]
  3. ICICI Prudential Life Insurance’s retirement solution with increasing regular income option (25/05/2021 - Financial Express)
    This new plan will provide policyholders with increasing regular income that doubles after 5 years and triples after the 11th year, thereby shielding them against the rising cost of living.
    [visit article]
  4. Life Insurance Scam: ICICI Prudential refunded Rs 2.9 crore, LI sold as Fixed Deposit in 1 case, says Govt (24/03/2021 - Financial Express)
    Life Insurance Scam: Thakur said RBI has informed that the Regulatory Guidelines are in place to prevent banks from mis-selling insurance products.
    [visit article]
  5. Discoms’ dues to power producers rise by 10% to Rs 82k cr at FY21-end (30/04/2021 - Financial Express)
    Major states which owed the highest to power generators at FY21-end are Maharashtra (Rs 18,652 crore), Tamil Nadu (Rs 16,054 crore), Rajasthan (Rs 10,353 crore), Uttar Pradesh (Rs 5,688 crore) and Andhra Pradesh (Rs 5,127 crore).
    [visit article]
  6. Budget underestimates taxes for FY21 and FY22 (11/03/2021 - Financial Express)
    The actual tax collection in FY21 could be of about Rs 21.25 lakh crore. This will have an impact on the budgeted estimates (BE) for the next fiscal year. BE FY22 gross tax revenue (GTR) is pegged at Rs 22.17 lakh crore, an increase of about 17% over RE FY21 GTR. Assuming the actual GTR in FY21 to be Rs 21.25 lakh crore, the increase in BE FY22 GTR over RE FY21 GTR stands at a mere 4%
    [visit article]
  7. Guaranteed Income for Tomorrow – Check features of ICICI Prudential Life Insurance’s new plan (09/02/2021 - Financial Express)
    The plan is a protection and savings oriented life insurance plan with guaranteed benefits to help one achieve their life goals.
    [visit article]
  8. CLCSS: Small businesses supported in FY21 under technology upgradation scheme highest in five years (22/04/2021 - Financial Express)
    Credit and Finance for MSMEs: Gujarat, Maharashtra, and Punjab were the states with the highest number of MSE beneficiaries under CLCSS. Overall, 45,214 MSE units were supported between FY17 and FY21 with Rs 3,139.21 crore of subsidy support.
    [visit article]
  9. Sobha’s Q3 FY21 net profit declines 72%, but posts best ever quarterly sales , price realisation (12/02/2021 - Financial Express)
    The company’s consolidated revenue fell 23% y-o-y to Rs 696 crore in Q3 FY21, however on a quarter-on-quarter (q-o-q) basis, it rose 27% from Rs 546 crore in Q2 FY21. It reported an Ebitda of Rs 138 crore, up 8% q-o-q, and an Ebitda margin of 20%.
    [visit article]
  10. Khadi sales bounce back strongly in FY21 despite Covid after hitting record low in preceding year (12/05/2021 - Financial Express)
    Importantly, sales in FY21 were the second highest over the past five years. FY19 had reported highest sales worth Rs 3,215.13 crore before it plunged to a record low in FY20.
    [visit article]
  11. Adani Total Gas net profit rises 8% to Rs 472 crore in FY21 (04/05/2021 - Financial Express)
    Revenue from sales fell 10.4% annually to Rs 1,784.5 crore in FY21 while the price it paid for buying natural gas fell at a sharper rate of 27.3% to Rs 770.7 crore in the same period.
    [visit article]
  12. GAIL profit falls 35% to Rs 6,143 crore in FY21 (09/06/2021 - Financial Express)
    In the fourth quarter of FY21, the company posted a profit of Rs 2,535 crore against the Rs 4,814 crore consolidated profit recorded in Q4FY20.
    [visit article]
  13. CIL’s higher capex likely to hit FY21 bottom line (08/04/2021 - Financial Express)
    CIL’s more than double capital expenditure at Rs 13,115 crore in FY21 against Rs 6,270 crore in FY20 had to be met through internal accruals putting pressure on the company’s balance sheet.
    [visit article]
  14. ESAF SFB FY21 net profit dives 45% (26/05/2021 - Financial Express)
    The operating profit increased from Rs 324.70 crore in FY20 to Rs 415.84 crore in FY21.Total business registered growth of 25.85% from Rs 13,846 crore for the year ended March 31, 2020, to Rs 17,425 crore for the year ended March 31, 2021.
    [visit article]
  15. Petrol, diesel price hike: Centre seen raking in Rs 1.9 lakh crore extra from fuel taxes in FY21 (16/02/2021 - Financial Express)
    As per Budget FY22, the revised estimate on revenue from 'Union Excise Duties is set at Rs 3.61 lakh crore, as against Rs 2.67 lakh crore collected in FY20. The Budget estimate for FY22 is Rs 3.35 lakh crore. Given the estimates based on consumption, the RE for FY21 could be surpassed.
    [visit article]
  16. Fantasy sports company PlayerzPot to increase its marketing spend to Rs 15-18 crore in FY21 (16/02/2021 - Financial Express)
    PlayerzPot expects to post Rs 6-7 crore as loss in FY21
    [visit article]
  17. Manappuram Finance Q4 net rises 18% to Rs 468 crore (26/05/2021 - Financial Express)
    For the whole of FY21, the company reported a consolidated net profit of Rs 1,724.95 crore, against Rs 1,480.30 crore in the year-ago period.The NBFC's operating income for the year stood at Rs 6,330.55 crore, up 15.83% from Rs 5,465.32 crore recorded in the previous year.
    [visit article]
  18. Telecom spectrum auction: 63% unsold; sale fetches Centre Rs 77,815 crore (02/03/2021 - Financial Express)
    The government will receive an upfront amount of around Rs 27,000 crore from the operators — Rs 20,000 crore in FY21 and the remaining Rs 7,000 crore in FY22 when some spectrum would be made available.
    [visit article]
  19. ICICI Pru Life confident to double value of new business premium in FY23 over FY19 (26/03/2021 - Financial Express)
    Recalling the early days, he said when the market was opened after 44 years of nationalisation in 2000, LIC was the only player and had an AUM Rs 1.5 lakh crore despite being the monopoly.
    [visit article]
  20. BPCL posts all-time high profit of Rs 17,320 crore in FY21 (27/05/2021 - Financial Express)
    BPCL's profit in Q4FY21 was Rs 10,641.9 crore compared with Rs 1,819.6-crore loss for the same quarter last year. Revenue from sales in the quarter increased 21.9% y-o-y to Rs 99,733.2 crore, while expenses were up annually by 14% to Rs 95,135.3 crore in the same period.
    [visit article]
  21. PMEGP: PM Modi’s pet scheme disburses Rs 1,300 cr subsidy in FY21 so far; Bank of Baroda leads tally (22/02/2021 - Financial Express)
    Credit and Finance for MSMEs: Bank of Baroda had disbursed the highest subsidy amount of Rs 143 crore across 3,402 projects followed by Rs 129 crore in 4,695 projects disbursed by Punjab National Bank, Rs 119 crore disbursed in 3,576 projects by Canara Bank, etc.
    [visit article]
  22. Union Bank of India reports Rs 1,330-crore net as asset quality improves (07/06/2021 - Financial Express)
    The non-interest income grew 50% quarter-on-quarter (q-o-q) and 23% y-o-y to Rs 4,551 crore, mainly on account of recovery in the written-off accounts. Overall, the net profit for FY21 stood at Rs 2,906 crore, compared to a net loss of Rs 6,613 crore during FY20.
    [visit article]
  23. ICICI Bank launches digital service ‘Merchant Stack’ (29/04/2021 - Financial Express)
    Anup Bagchi, executive director, ICICI Bank, said, “There are over 2 crore merchants in the country with approximately $ 780 billion in value of transactions in 2020. They are expected to grow rapidly in the coming years.”
    [visit article]
  24. Elections 2021: Political parties to spend up to Rs 220 crore in election campaign; see which regional media will get more ads (24/03/2021 - Financial Express)
    Among states, West Bengal is expected to record the highest ad spend between Rs 120 crore and Rs 130 crore, followed by Tamil Nadu at Rs 35 crore to Rs 40 crore
    [visit article]
  25. ????Security Token that fits your life???? We expanded our portfolio with Token Prudential. $PDTL (09/05/2021 - Reddit Stocks)
    ????If you already make investments with us, now you have another excellent option. Invest in Token Prudential, contributions over 1 BNB will now have a private "Life Planner" available. More information at "https://www.prudential.com/personal/investments" Discover high-ranking mutual funds, exchange-traded funds (ETFs) and investment strategies across various asset classes. ????Why Invest with Prudential? We offer a diverse mix of investment solutions—like mutual funds, college savings plans, and personalized portfolios—all designed to help you live the financial life you dream about. ????Token Contract: 0xA79E070278158D859E748C68042F815E7529D7a9 ????Buy : https://exchange.pancakeswap.finance/#/swap?0xA79E070278158D859E748C68042F815E7529D7a9 It uses proprietary smart contracts to facilitate the distribution and product-specific money flow between service providers, financial institutions and their customers. ???? $PDTL Transaction fees: • 4% for charity • 2% for liquidity pool • 2% redistributed back to holders Token allocations: • Pre-sale - 25% • Liquidity pool - 20% • Burn - 15% • Investors - 25% • Operating expenses - 8% • Team - 7% Thank you for being part of this exciting opportunity. We look forward to building the Prudential Token with you, and for you. Twitter: https://twitter.com/prudential/ © 2021 Prudential Financial, Inc. and its related entities.   submitted by   /u/neilakazeus [link]   [comments]
    [visit article]
  26. The Moms Co. aims to close FY21 with Rs 80 crore revenue; plans to breakeven in FY22 (03/03/2021 - Financial Express)
    It posted a net revenue of Rs 22.3 crore in FY20, while net loss stood at Rs 7.8 crore
    [visit article]
  27. TCS CEO Rajesh Gopinathan draws Rs 20.36 cr pay package in FY21 (19/05/2021 - Financial Express)
    According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission.
    [visit article]
  28. HPCL profit hits all-time high of Rs 10,664 crore in FY21 (21/05/2021 - Financial Express)
    Domestic consumption of petroleum products in FY21 fell 9.1% y-o-y to 194.7 MT across the country.
    [visit article]
  29. ????Security Token that fits your life???? We expanded our portfolio with Token Prudential. $PDTL (09/05/2021 - Reddit Stock Market)
    ????If you already make investments with us, now you have another excellent option. Invest in Token Prudential, contributions over 1 BNB will now have a private "Life Planner" available. More information at "https://www.prudential.com/personal/investments" Discover high-ranking mutual funds, exchange-traded funds (ETFs) and investment strategies across various asset classes. ????Why Invest with Prudential? We offer a diverse mix of investment solutions—like mutual funds, college savings plans, and personalized portfolios—all designed to help you live the financial life you dream about. ????Token Contract: 0xA79E070278158D859E748C68042F815E7529D7a9 ????Buy : https://exchange.pancakeswap.finance/#/swap?0xA79E070278158D859E748C68042F815E7529D7a9 ????CHART : https://charts.bogged.finance/?token=0xA79E070278158D859E748C68042F815E7529D7a9 It uses proprietary smart contracts to facilitate the distribution and product-specific money flow between service providers, financial institutions and their customers. ???? $PDTL Transaction fees: • 4% for charity • 2% for liquidity pool • 2% redistributed back to holders Token allocations: • Pre-sale - 25% • Liquidity pool - 20% • Burn - 15% • Investors - 25% • Operating expenses - 8% • Team - 7% Thank you for being part of this exciting opportunity. We look forward to building the Prudential Token with you, and for you. Twitter: https://twitter.com/prudential/ © 2021 Prudential Financial, Inc. and its related entities.   submitted by   /u/neilakazeus [link]   [comments]
    [visit article]
  30. CSB Bank reports highest-ever net profit of Rs 218.40 crore for FY21 (08/05/2021 - Financial Express)
    C VR Rajendran, managing director & CEO of the bank, said the bank can now fully focus on growth in FY 22 without any baggages of the past.
    [visit article]
  31. Centre’s fiscal deficit at 9.2% in FY21, against revised estimate of 9.5% (01/06/2021 - Financial Express)
    As against the revised nominal GDP figure of Rs 197.45 lakh crore released by the National Statistics Office for FY21 on Monday, the fiscal deficit of Rs 18.21 lakh crore incurred by the Centre in the year is slightly lower at 9.2%.
    [visit article]
  32. Agri exports up 19% in April-February of FY21 (22/04/2021 - Financial Express)
    Agriculture and allied products worth Rs 2.74 lakh crore were exported in the first 11 months of last fiscal against Rs 2.31 lakh crore in the year-ago period, up 18.6%, while imports marginally increased by 3% to Rs 1.41 lakh crore.
    [visit article]
  33. Now instantly register your motor insurance claims with ICICI Lombard Voice Bot service (23/03/2021 - Financial Express)
    ICICI Lombard General Insurance has launched a Voice Bot service that will allow its policyholders to instantly register their motor insurance claims.
    [visit article]
  34. Rajnath Singh approves Rs 499 cr budgetary support to MSMEs, startups, others for innovation in defence (13/06/2021 - Financial Express)
    The procurement of defence-related goods and services by the government from micro and small enterprises (MSEs) had increased, though marginally, by 2.2 per cent to Rs 9,293 crore in FY21 from Rs 9,090 crore in FY20 after declining from Rs 12,112 crore in FY19.
    [visit article]
  35. JSPL yearly profit hits all-time high at Rs 5,527 cr (12/05/2021 - Financial Express)
    In a statement, JSPL said the improved performance across steel, power and overseas mining operations in 4Q’FY21 resulted in JSPL reporting the highest-ever quarterly consolidated gross revenue of Rs 13,190 crore.
    [visit article]
  36. Bonus for Post Office Life Insurance policies declared – Check details (24/02/2021 - Financial Express)
    The government has declared the bonus applicable to Post Office Life Insurance policies and also Rural Postal Life Insurance Policies.
    [visit article]
  37. LIC collects highest-ever Rs 1.84 lakh-crore new premium in corona period (21/04/2021 - Financial Express)
    In 2020-21, LIC has achieved its highest-ever first year premium income of Rs 56,406 crore under individual assurance business with a 10.11% growth over last year.
    [visit article]
  38. CGTMSE: MSE loans approved in Covid-hit FY21 second highest in 7 years despite 26% YoY decline (18/05/2021 - Financial Express)
    6.19 lakh loans involving Rs 31,349 crore in credit guarantee were approved in the last financial year vis-à-vis 8.38 lakh loans involving Rs 45,215 crore in credit guarantee approved in FY20 under CGTMSE.
    [visit article]
  39. Data drive: The FY21 tax suprise (17/04/2021 - Financial Express)
    The Centre’s indirect tax collection grew 12%, to Rs 10.71 lakh crore, in FY21 on the back of higher collection from central excise (led by taxes and cesses on petroleum products as well as the recovery in consumption in the second half of the year).
    [visit article]
  40. IOB net soars 143% to Rs 350 cr in Q4; plans to raise Rs 2,000 cr (14/06/2021 - Financial Express)
    Chennai-based public sector lender Indian Overseas Bank (IOB) on Monday a reported a 143% jump in its net profit to Rs 350 crore for the fourth quarter of FY21, compared with Rs 144 crore in the corresponding quarter of the last fiscal year. The bank has reported a total income of Rs 6,074 crore for […]
    [visit article]
  41. ICICI Prudential Healthcare ETF NFO opens May 06 – Check whom it suits (03/05/2021 - Financial Express)
    The Scheme is an open-ended Exchange Traded Fund (ETF) tracking Nifty Healthcare Index and provides exposure to leading companies forming part of the healthcare sector.
    [visit article]
  42. Canara Bank returns to profit on higher interest income, lower provisions (18/05/2021 - Financial Express)
    The bottom-line also got support from lower provisioning for stressed assets. Provisions declined 47% y-o-y to Rs 4,692 crore, but remained flat sequentially. Overall, the net profit for the whole financial year (FY21) stood at Rs 2,557 crore, against net loss of Rs 5,838 crore for FY20.
    [visit article]
  43. IRDAI directs insurers to periodically notify health insurance policyholders (02/03/2021 - Financial Express)
    In order to ensure flow of relevant information to policyholders, IRDAI has specified certain norms to be followed by insurers.
    [visit article]
  44. ICICI Venture, Morgan Stanley, Poonawalla invest `525 cr in Magma HDI insurance (17/03/2021 - Financial Express)
    ICICI Venture and Morgan Stanley Private Equity Asia along with the Cyza Chem (a Poonawalla Group company) and two family offices are investing Rs 525 crore in Magma HDI General Insurance, a joint venture between Magma Fincorp and HDI Global SE, Germany.
    [visit article]
  45. UP’s own tax revenue in FY21 just 73% of BE, down 1.6% on year (20/04/2021 - Financial Express)
    The collections under VAT and GST heads fell short by 26.8% of the target during the fiscal. While the target was to collect 91,568 crore, the actual collections were Rs 67,057.39 crore. However, when compared to last year’s actual collections of Rs 68,832 crores, the Rs 67,057-crore mop-up in 2020-21 is a fall of 2.6%.
    [visit article]
  46. Govt kicks off FY22 procurement from MSEs with purchases over 25% of its annual target (06/06/2021 - Financial Express)
    Ministries with the highest procurement from MSEs, irrespective of their overall annual target, were Ministry of Petroleum and Natural Gas (Rs 382 crore), Ministry of Power (Rs 148 crore), Ministry of Mines (Rs 78 crore), Ministry of Heavy Industries and Public Enterprises (Rs 77 crore), and Ministry of Steel (Rs 65 crore).
    [visit article]
  47. Gold schemes fetch record Rs 20,227 crore in FY21 (17/05/2021 - Financial Express)
    At Friday’s closing price (MCX futures), the collection under gold schemes in FY21 would represent over 42 tonnes of the precious metal. This suggests a marked improvement from earlier years of these schemes as well as similar programmes in the past.
    [visit article]
  48. Covid disruptions: Coal India net profit declines 32% in FY21 (15/06/2021 - Financial Express)
    The company posted a net profit of Rs 2,474.55 crore for the fourth quarter, while total comprehensive income for the quarter was at Rs 4,365 crore.
    [visit article]
  49. CIL net profit falls 23% in FY21, board recommends final dividend of Rs 3.50/share (14/06/2021 - Financial Express)
    The company posted a net profit of Rs 2,474.55 crore for the fourth quarter, while total comprehensive income for the quarter was at Rs 4,365 crore.
    [visit article]

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