Business
PSU non-life insurers forgo premium, not to hike premium for staff & retirees
With wage revision not happening for the employees of government owned non-life insurers, the companies seem to have decided to provide a relief by not hiking the premium rates for the staff Group Mediclaim Policy for 2022-23, said a senior industry official.
The Group Mediclaim Policy for the staff and retirees of the five government owned non-life insurers expires on March 31 and has to be renewed for a year from April 1.
Similarly for the retirees, the companies not only retained the old premium charged but also decided not to recover the 12.75 per cent premium that was due on their Group Mediclaim Premium.
The companies in question are National Insurance Company, New India Assurance Company, Oriental Insurance Company, United India Insurance and General Insurance Corporation of India.
“Charity should begin at home. At a time when the health insurance business is unprofitable and the premium for the general public is revised upwards regularly, employees and retirees of government owned insurers should pay adequate premium for the risk covered,” the senior industry official told IANS on the condition of anonymity.
“In the case of retirees, the amount foregone is paltry which they can very well pay up. At the top most bracket, say for Rs.50 lakh sum insured the 12.75 per cent premium amount foregone will be about Rs 4,000. It will be much lower for those who have opted lower sum insured,” the official added.
According to him, the policy is underwritten by insurers among themselves.
In a circular issued, the United India Insurance said The General Insurers’ (Public Sector) Association of India (GIPSA) board at its meeting held on 27.1.2022 considered the claims data for 2020-21 (Covid-19 year) and for the first three quarters of 2021-22 (Covid-19 second wave year) for the Group Mediclaim Policy of the staff and the retirees of the five insurers.
The GIPSA has decided that the companies shall renew the Group Mediclaim Policies for their staff and retirees at the premium rate that was charged in 2020-21.
Based on the claims experience, the premium on the Group Mediclaim Policy for staff and retirees were loaded by 47.75 per cent in 2020-21 and was continued in 2021-22.
It was decided in 2020-21, the 47.75 per cent premium loading for the retirees to be spread over three years – 25 per cent in 2020-21, 10 per cent in 2021-22 and 12.75 per cent in 2022-23.
The GIPSA board has advised the insurers not to recover the 12.75 per cent premium due from the retirees while renewing their Group Mediclaim premium.
According to the industry expert, instead of foregoing the 12.75 per cent premium, the correct way is for the companies to pay up the shortfall.
It may be recalled, in 2021 the GIPSA had allowed the reimbursement of the cost of one pulse oximeter per family under the group mediclaim insurance policy for the staff of five insurers.
According to GIPSA, the reimbursement of pulse oximeter cost is capped at Rs 2,000.
It should be noted that, for the general public policyholders, the cost of pulse oximeter is not reimbursable.
Physicians heal thyself is passe. Insurers reimburse themselves is the new phrase.
Business
Mukesh Ambani Planning To Introduce ₹52,200 Crore Worth IPO, Reliance To List Jio Infocomm In Stock Market

Reliance Industries Limited (RIL), led by the country’s richest man Mukesh Ambani, is planning to bring the biggest IPO ever. RIL is preparing to list its telecom business, Jio Infocomm, in the stock market. This IPO can be worth Rs 52,200 crore (about $6 billion).
Reliance Starts Informal Talks With SEBI
According to a Bloomberg report, Reliance has started informal talks with the Securities and Exchange Board of India (SEBI) to get approval to sell just 5% stake in Jio. If this approval is received, this IPO will break the record of Hyundai Motor India’s Rs 28,000 crore IPO.
Actually, under the current rules of SEBI, companies have to sell at least a 25% stake for public float. But Reliance has told SEBI that the Indian market does not have the capacity to bear such a big offer. Therefore, the company is seeking an exemption to sell 5% stake.
When Will The IPO Launch?
According to Bloomberg sources, this IPO can be launched in the early months of next year, although its size and timing will depend on the market situation. If this plan is successful, it will be the country’s largest IPO.
Jio’s IPO will give an opportunity to big foreign investors like Meta Platforms and Alphabet Inc. (Google) to sell their stake. In 2020, both these companies invested more than $20 billion in Jio Platforms. During this period, Jio’s valuation was $58 billion.
Which Other Investors Have Invested In Jio?
Apart from this, investors like KKR, General Atlantic, and Abu Dhabi Investment Authority have also invested heavily in Jio. Market experts say that Jio’s valuation can be more than $100 billion. However, Reliance wants to increase its income and subscriber base further before the IPO so that the valuation can be increased further.
Business
Adani Green Energy Sales Jump 42% In Q1, Operational RE Capacity Reaches 15.8 GW

Key Highlights:
– Energy sales rose 42 percent YoY to 10,479 million units in Q1 FY26.
– Operational RE capacity reached 15.8 GW, the highest in India.
– EBITDA surged 31 percent to Rs 3,108 crore, backed by new greenfield projects.
Ahmedabad: Adani Green Energy Ltd’s (AGEL) energy sales surged 42 per cent (year-on-year) in the April-June quarter (Q1 FY26) to 10,479 million units, as operational renewable energy (RE) capacity grew 45 per cent to 15.8 GW which continues to be India’s largest, the company said on Monday.
While revenue growth increased by 31 per cent (on-year) to Rs 3,312 crore, EBITDA also went up by 31 per cent to Rs 3,108 crore.
According to the Adani Group company, cash profit surged by 25 per cent (on-year) to Rs 1,744 crore in the quarter.
“During Q1 FY26, we added 1.6 GW of greenfield renewable energy capacity, bringing our total increase to 4.9 GW over the past year — an achievement unmatched in India’s transition toward clean energy,” said Ashish Khanna, CEO of Adani Green Energy.
“Our investments in the massive RE development at Khavda in Gujarat as well as other resource-rich sites are delivering results both in terms of superior operational performance and industry-best EBITDA margins,” he said, adding that the company is on track to achieve its 2030 target of 50 GW RE capacity — with at least 5 GW of hydro pumped storage along with battery storage.
Strong revenue, EBITDA, and cash profit growth are primarily backed by robust greenfield capacity addition, deployment of advanced RE technologies, superior plant performance and deployment of new capacities in resource-rich sites in Khavda (Gujarat) and Rajasthan.
“Further, battery storage is also a key part of our future strategy. We remain committed to supporting national energy transition and security ambitions as well as maintaining our ESG leadership, highlighted by our top rankings in the FTSE Russel ESG assessment and recognition at the Reuters Global Energy Transition Awards 2025,” Khanna noted.
AGEL has consistently generated electricity exceeding the overall annual commitment under the power purchase agreements (PPA). In Q1 FY26, AGEL’s PPA-based electricity generation was 31 per cent of the annual commitment.
The company is developing a massive 30 GW renewable energy plant at Khavda in Gujarat. This is spread over an area of 538 sq km, almost 5 times the city of Paris.
Business
Sensex May Touch 1.15 Lakh And Nifty 43,876 By FY28 In Bull Case, Says Ventura Stock Broking Report

Mumbai: In a bull case scenario, Sensex is projected to reach 115,836 and Nifty is likely touch 43,876 by the financial year 2028 (FY28), a report said on Friday.
However, in a bear case scenario, Sensex is projected to reach 1,04,804 and Nifty at 39,697 by FY28, Ventura, a stock broking platform, said in its recent projection.
Nifty is expected to oscillate within a well-defined price-to-earnings (PE) band in these three years, with projected robust earnings growth with estimated FY28 earnings per share compound annual growth rate (EPS CAGR) of 12-14 per cent.
“In the last 10 years, the Indian economy has demonstrated resilience and clocked the highest GDP growth as a large economy despite global headwinds of NBFC crisis, Covid 19, Russia-Ukraine war and the recent uncertainty on US President Donald Trump tariff,” said Vinit Bolinjkar, Head of Research, Ventura.
The risk mitigation influencers will outweigh the current challenges, which will usher Indian GDP growth to 7.3 per cent by FY30(E), he added.
By FY28, the Indian index will be at a PE level of 21 times in the bull case and 19 times in the bear case with an estimated earnings-per-share (EPS) of 5,516 for Sensex and 2,089 for Nifty 50, the report stated.
Over the past ten years, India has demonstrated extraordinary resilience by navigating a series of unprecedented disruptions without compromising its growth trajectory.
From the “Fragile Five” designation to demonetisation, GST implementation, a crippling NBFC crisis, and the dual shock of COVID-19 waves, India has withstood and adapted to adversity, the report highlighted.
According to the report, even global headwinds like the Russia-Ukraine war and Trump-era tariffs have failed to derail its momentum, underlining the robustness of the Indian economy.
As of the mid-season point for Q1 FY26 earnings, 159 companies have reported Q1 FY26 results, revealing broad-based strength across key sectors.
Engineering/manufacturing and services sectors have led the pack, while consumption, commodities, and pharma show steady performance, the report stated.
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