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,...

Domestic brokerage and research firm Edelweiss sees Gujarat Mineral Development Corporation Limited (GMDC_ at an interesting juncture as its existing businesses – lignite and power – are stabilising. Now management is focused on new revenue streams to exploit the company’s latent potential. The brokerage has maintained its ‘BUY’ rating on GMDC shares with a revised target price of Rs260...