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The shares of the company started the trading session in green at Rs 34 against the previous close of Rs 33.33. The stock gained further to hit a high of Rs 35.26, representing a 5.79 per cent gain. Mumbai: Life Insurance Corporation of India-backed non-banking financial institution (NBFC) firm Paisalo Digital has informed exchanges that the operations and finance committee of the board of directors of the company has approved raising Rs 50 crore through the issuance of debt securities via private placement. According to the information shared, the company will issue up to 5,000 non-convertible debentures (NCDs) with a…

Stock markets rose for the second consecutive day on Thursday, with the benchmark BSE Sensex closing higher by 150 points after the GST rate cuts announced on commonly used personal items and daily essential products. Mumbai: The authorised share capital of the iron and steel products company Rathi Steel and Power Ltd has been set for an adjustment as the company has informed exchanges that it plans to create an additional 8,51,853 equity shares of Rs 10 each, aggregating to Rs 85.18 lakh. At the same time, the company will cancel and reclassify 4.08 lakh unissued preference shares having a…

Finance Minister Nirmala Sitharaman said all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST. New Delhi: All individual health insurance policies, including family floater policies and policies for senior citizens and reinsurance thereof, will also be exempt from GST, she said. Announcing the outcome of the 56th GST Council meeting, Finance Minister Nirmala Sitharaman said all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST. Since its inception in July 2017, a GST rate of 18 per cent has been levied…