IndiaFirst plans to raise Rs 250 cr in subordinated debt

IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus’ stake in the insurer. The company’s initial public offering plans have been deferred, not abandoned. Its agency channel is expected to contribute a larger share to business. IndiaFirst Life is also seeking new bancassurance partnerships.

Persistent growth continues, but rising acquisition costs could impact overall profitability for businesses

Following a major acquisition announcement, Persistent Systems stock has seen a remarkable rebound. In its latest June quarter results, the company reported robust revenue growth, boosting its future earnings outlook. However, upcoming costs linked to interest and wage hikes could pressure profit margins. As a result, investors can expect the stock to trade within a…

Numerology Predictions Today, August 28, 2026: Read your personalised forecast for numbers 1 to 9

Today’s numerology insights provide tailored guidance based on your birth date. If you’re a number 1, seize the day by spearheading new ventures. Number 2 individuals should seek counsel when navigating workplace hurdles. Number 4s can expect practical tasks that foster a feeling of achievement. Lastly, number 5s are advised to utilize diplomacy and communicate…