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BSE-Ebix launches JV to set up insurance distribution platform

India’s oldest stock exchange Bombay Stock Exchange signed a memorandum of understanding with the world’s largest insurance exchange Ebix to launch a joint venture company dedicated to set up a pioneering insurance distribution network in India.
 
BSE Investments Limited (BIL) is a wholly-owned subsidiary of BSE, while Ebix Fincorp Exchange is a wholly-owned subsidiary of Ebix will launch the new venture branded as BSE-Ebix to set up an insurance distribution exchange platform. The joint venture enterprise will allow distribution of outlets, stock brokers, wealth management advisors and financial institutions across life and non-life product segments.
 
On Thursday, BSE Limited was trading at Rs. 987.95 per share on NSE at 1515 hours IST. The stock witnessed a traded volume of 55,490 shares and a traded value of Rs. 545.89 lakh on NSE. BSE Limited that made its stock market debut earlier this year had hit its all-time high of Rs. 1,200 per share on February 3, 2017 and 52-week low of Rs. 886.50 per share on March 3, 2017 on NSE, respectively.

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Max Ventures & Industries forays into managed office spaces; stock trades higher by 1 per cent

Anthony Fernandes / Article rating: 5.0

On Thursday, Max Asset Services (MAS), a subsidiary of Max Group’s listed entity, Max Ventures & Industries, announced its entry into the ‘managed office spaces’ business with the launch of ‘WorkWell Suites’ at its newly-developed office complex Max House, Okhla.  

Buzzing metal stocks: Hindalco jumps 38 per cent, Vedanta gains 20 per cent

Geyatee Deshpande / Article rating: 5.0

In the month of February 2021, the metal stocks have truly shined and attracted investors’ attention. BSE Metal index has jumped by more than 26 per cent in one month thereby, outperforming the domestic benchmark indices. Sensex gained by 10.31 per cent while Nifty rose by 10.7 per cent since the beginning of February.  

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