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.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20