InsuranceDekho and RenewBuy have merged through a share swap. The deal values the combined entity at ₹7,400 crore. Ankit Agrawal of InsuranceDekho will likely become the CEO. RenewBuy’s investors will receive shares in InsuranceDekho. The merged company will be among India’s top three insurance distributors. Their combined premium book will be ₹6,000 crore. The deal awaits regulatory approvals.
Textile stocks rally after US hikes tariffs on Bangladesh garments
Indian textile stocks saw a surge following the United States’ decision to impose tariffs on Bangladeshi garment imports. This move sparked optimism for Indian companies,