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Bajaj Allianz General Insurance posts PAT at Rs747 crore

Bajaj Allianz General Insurance has posted its profit after tax at Rs 747 crore for the first half of 2022-23, against Rs 788 crore in H1 of 2021-22. The non-banking finance company's gross written premium increased by 5 per cent to Rs 7,900 crore in the reviewed half-yearly, against Rs 7,529 in the year-ago period.

Bombay Dyeing alleged to have published untrue financial statements

The Securities & Exchange Board of India (SEBI) order that prohibits Bombay Dyeing and its promoters, Nusli Wadia, Ness Wadia and Jehangir Wadia from accessing the capital markets for two years and attracted heavy penalties was examining allegations that Bombay Dyeing was involved in publishing untrue financial statements and constitute manipulative and fraudulent and unfair trade practices against the minority shareholders of Bombay Dyeing and Manufacturing Company Ltd (BDMCL) and the market at large.