Shares of Nuvama Wealth Management worth Rs 2,100 crore were sold in a block deal on the exchanges on December 12 with two Edelweiss group entities--Edel Finance Company and Ecap Equities being the likely sellers. Around 30 lakh shares, making up an 8.4 percent stake in Nuvama Wealth, changed hands at an average price of Rs 7,025 per share, a near 4 percent discount from Wednesday's close.Followin...

Digital insurer Edelweiss General (EGI) has extended its Group Health Insurance policy to include members of the LGBTQIA community. EGI’s revamped group health policy now covers both LGBTQIA and unmarried partners (partners of the same or other gender, who may be living in). The policy will also cover disabled children without any age limit and dependent children (with no disability) up to 30 ...

Edelweiss Tokio Life Insurance has launched Flexi Savings Plan, which offers an innovative optional feature called Accrual of Survival Benefit. In a statement, the insurance company said that this feature gives customer the freedom to change timing of benefit payout as many times as necessary to match their individual requirements. Flexi Savings Plan has 3 base plan options – Flexi-Income, Flex...

The metal sector was the best performing sectoral index in 2021, however, the rally seems to be over for now as so far in 2022, the Nifty metal index is down by 5% in year-to-date (YTD) terms and 16% in a month. Metal stocks witnessed heavy sell-off last week after the government decided to impose export duties on steel-making raw materials like iron ore and pellets. Q4FY22 marked a clear perform...

After a prolonged period of covid-19 related lockdowns, China is moving towards restarting the industrial activity, especially construction. In brokerage house Edelweiss' view, this is likely to brighten demand prospects.Accordingly, the brokerage remains positive on the ferrous space with JSPL (target price: Rs637) and Tata Steel (target price: Rs1,755) as its top stock picks in the metals space,...