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IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish Panda, for insurance activities.
V. Jagannathan, the founder of Star Health and Allied Insurance Company, is launching a new venture in the health insurance sector called Galaxy Health. At 79 years old, he has applied for a preliminary license with the insurance regulator to establish the new company. Jagannathan is reportedly in talks with the TVS Group for potential equity participation in the venture, having previously partnered with the ETA Star Group.
The Ludhiana district consumer disputes redressal commission has ruled in favor of a customer whose son's hospitalization claim was rejected by an insurance company. The commission has directed Star Health and Allied Insurance Company Limited to pay Rs 10,000 to the customer and the approved claim amount of Rs 24,497 within 30 days.
Several midcap stocks in the Indian market showcased significant movements by surpassing their 20-day SMA, indicating potential changes in their stock trends.
While the markets are in corrective mode, if one looks at the markets breadth it is not as bad as it normally is when such corrective moves have happened in the early part 2023. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.