India's insurance sector is expected to grow strongly, with public listings helping companies raise growth capital, according to IRDAI Chairperson Debasish Panda, who emphasized that listing brings better disclosures and value for policyholders, and is nudging companies to consider listing once they achieve a certain size, scale, and age.
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Sachin Bansal’s fintech app Navi, which grew 31 percent in October from the previous month, overtook Cred to become the fourth largest UPI app in the country behind PhonePe, Google Pay and Paytm. Navi registered 158 million transactions in October, up from 120 million in September, data available with the National Payments Corporation of India (NPCI), which runs UPI, shows.
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Rail Vikas Nigam Ltd on Monday, November 18, said it received letter of acceptance from South Central Railway for a project worth ₹294.94 crore. The engineering procurement construction (EPC) contract is for the doubling of track between Navipet station to Indalvai station in Telangana. It also includes the electrification and signaling works of South Central Railway.
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