Axis Max Life anticipates a smooth merger with Max Financial Services, pending parliamentary approval of the insurance bill. The amendment to the Insurance Act will explicitly permit mergers between insurance and non-insurance entities, addressing a current legal ambiguity. Regulatory clearance, following the NCLT-led process, is expected to take 8 to 12 months after the bill’s enactment.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a
October 22, 2026