US fund buys $400mn stake in insurance broker Ace

The acquistion will help Tritax expand its urban and small-box logistics offerings in the UK’s South East and the Midlands. Mumbai: The US-based Blackstone Group has acquired a majority stake in Mumbai-based Ace Insurance Brokers for about $400 million, valuing the company at $425-450 million. The deal is the largest foreign investment in India’s insurance…

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Sebi cracks whip, bans 13 entities

sebi identify iex insider trading Mumbai: Sebi has banned 13 entities from the market for between one and three years, and also put a combined monetary penalty of nearly Rs 1.1 crore for front running trades of three large entities. In Dec 2024, six entities, related to these 13 had settled their case with Sebi…

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Gold’s share in reserves rises by $6bn, at 15%

MUMBAI: India’s foreign exchange reserves rose in the week ended Oct 17, driven by an increase in the value of gold holdings. There was a decline in foreign currency assets, the RBI said. Total reserves increased by $4.5 billion to $702.3 billion. In the previous week, they had risen by $2.2 billion to $698 billion….

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Bharat International Rice Conference 2025: Mega event to bring together producers, exporters, and policymakers; set to be held in Delhi

The Bharat International Rice Conference (BIRC) 2025 is set to be held at Bharat Mandapam, Delhi, on October 30-31, in partnership with the Department of Commerce, Ministry of Commerce and Industry. Organised by the Indian Rice Exporters’ Federation (IREF) in collaboration with APEDA, the event aims to position India as a global hub for rice…

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