THE NEW INDIA ASSU CO (NIACL)
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NIACL, IFCI shares plunge 14% as profit booking hits
Shares of New India Assurance Company (NIACL) and IFCI fell up to 14% on September 8, 2026, amid profit booking after recent gains. NIACL led losers in the 'A' group, while the NSE IPO grey market premium also dipped, reflecting broader market caution.
Government appoints Lavanya Mundayur as New India Assurance CMD
1 Min Read The Central Government has approved the appointment of Lavanya R Mundayur, currently chairman-cum-managing director of Agriculture Insurance Company of India (AICIL), as chairman-cum-managing director of New India Assurance Company (NIACL). The approval was conveyed through an order dated September 30, 2026, issued by the Department of Financial Services under the Ministry of Finance and addressed to NIACL's company secretary in Mumbai.
NSE lists at ₹1,818, becomes world's sixth-largest bourse
NSE made a strong debut, listing 2% higher at ₹1,818 and vaulting to become the world's sixth-largest exchange with a $47 billion market capitalization. The listing drove BSE turnover to a 27-month high, while Chairman Ashishkumar Chauhan said the exchange sees no change in its duties as a listed entity. Prominent winners from the listing include Damani, Premji, and LIC.
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