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SBI Life Insurance Company stocks: Buy SBI Life Insurance Company, target price Rs 1350: ICICI Direct

  • May 23, 2023
ICICI Direct has buy call on SBI Life Insurance Company with a target price of Rs 1350. The current market price of SBI Life Insurance Company is Rs 1136.85.

SBI Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 113806.74 Crore) operating in Financial Services sector.

SBI Life Insurance Company key Products/Revenue Segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2022.

Financials

For the quarter ended 31-03-2023, the company has reported a Standalone Total Income of Rs 21310.74 Crore, down -20.57 % from last quarter Total Income of Rs 26829.77 Crore and down -1.64 % from last year same quarter Total Income of Rs 21666.15 Crore. Company has reported net profit after tax of Rs 776.85 Crore in latest quarter.

The company’s top management includes Mr.Dinesh Kumar Khara, Mr.Mahesh Kumar Sharma, Ms.Usha Sangwan, Dr.Tejendra Mohan Bhasin, Mr.Narayan K Seshadri, Mr.Deepak Amin, Mr.Shobinder Duggal, Mr.Ashwini Kumar Tewari. Company has S C Bapna & Associates as its auditors. As on 31-03-2023, the company has a total of 100 Crore shares outstanding.

Investment Rationale

SBIL’s share price has grown ~45% in the past three years. Lower proportion of high ticket business, strong distribution and diversified product mix along with lowest cost on relative basis is seen aiding business growth as well VNB margin. The stock is reasonably priced and is currently trading at 1.9xFY25E embedded value.
Promoter/FII Holdings
Promoters held 55.45 per cent stake in the company as of 31-Mar-2023, while FIIs owned 25.14 per cent, DIIs 15.09 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, … Read the rest

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How to Expand Your Company Overseas According to Graham Adair

  • May 2, 2023

How to Expand Your Company Overseas According to Graham Adair

Entering international markets could prove to be a profitable venture for your company; it can provide new business opportunities, boost revenue, and enhance operational diversity. However, the process of international expansion is also challenging, requiring significant research, planning, and coordination. The following are some tips designed to make the process smoother and easier. 

Research and Evaluate Potential Markets

Before expanding your company overseas, research and evaluate potential markets thoroughly by assessing the political and economic climate, regulatory environment, and competition. 

Understanding the cultural differences that could affect how your products or services are received in a new market is also important. Conducting thorough market research is a beneficial approach as it lets you discover the most favorable prospects for expanding your business while enabling you to formulate a well-defined plan for entering a new market.

Develop a Comprehensive International Expansion Plan

After determining the best market for your company’s growth, the next step is to develop a thorough strategy. This plan should cover all aspects of your international expansion including financial projections, marketing strategies, staffing requirements, and legal considerations. Be sure to consider both short- and long-term objectives and develop a timeline for achieving your goals.

Establish a Local Presence

Establishing a local presence in the new market is critical to your company’s success overseas. This may involve setting up a subsidiary, forming a joint venture with a local partner, or acquiring an existing company. Building relationships with stakeholders and tailoring your products or services to meet their requirements and preferences are easier when there is a deeper understanding of the local environment.

Partner with Immigration Attorneys

According to the experts at immigration law firm Graham Adair (https://grahamadair.com/), expanding your company overseas often involves hiring and relocating employees across international borders. Collaborating with immigration lawyers with the requisite … Read the rest

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The Schall Law Firm Encourages Investors in Iris Energy Limited with Losses of $100,000 to Contact the Firm

  • March 12, 2023

LOS ANGELES, CA / ACCESSWIRE / February 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Iris Energy Limited (“Iris” or “the Company”) (NASDAQ:IREN) for violations of the federal securities laws.

The Schall Law Firm, Monday, February 6, 2023, Press release picture

Investors who purchased the Company’s shares pursuant and/or traceable to the Company’s initial public offering conducted on November 17, 2021 (the “IPO”) and/or between November 17, 2021 and November 1, 2022, inclusive (the “Class Period”), are encouraged to contact the firm before February 6, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. The Company’s Bitcoin miners were unlikely to generate cash flow sufficient to service debt financing. The Company’s financing agreements to procure equipment were not sustainable. Based on these facts, the Company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Iris, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The

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FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange

  • February 24, 2023

John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.

In testimony for FTX’s case in the United States Bankruptcy Court for the District of Delaware on Feb. 6, Ray said he and other professionals had “carefully” been conducting an investigation into FTX’s activities, due to the company having no physical office. The FTX CEO seemed to be pushing back against a motion to assign an independent examiner to the bankruptcy case, claiming that “inadvertent errors” could result in “hundreds of millions of dollars of value” being destroyed.

According to Ray, when he took control of FTX in November 2022, there was “not a single list of anything” related to bank accounts, income, insurance or personnel, causing a “massive scramble for information.” The FTX CEO said the same day he helped file a Chapter 11 bankruptcy petition, and there were multiple attempts to steal crypto, resulting in security experts and liquidators moving quickly to secure funds.

“Your normal first-day petition is chaotic as sometimes can be — this was something that I have never experienced,” said Ray. “Those hacks went on virtually all night long […] It was really 48 hours of what I can only describe as pure hell.”

The FTX CEO claimed he had had no connection with former executives at the exchange, including Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang and former CEO Sam Bankman-Fried or his parents prior to taking control of the company. According to Ray, anyone “that was in a control position” under Bankman-Fried no longer had any authority to direct FTX company actions.

Ray’s testimony came amid a motion from the Office of the U.S. Trustee arguing the court should appoint an independent examiner who

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FTX Bankruptcy Lawyers Say Independent Examiner Would Put Assets at Risk

  • February 8, 2023

The judge overseeing the FTX bankruptcy proceeding still hasn’t decided whether he will appoint an independent examiner after a 4-hour hearing that included testimony from FTX CEO John Ray III.

Judge John Doresey, who’s overseeing the bankruptcy proceedings, said Monday he’s asked the attorneys representing FTX, the unsecured creditor committee, U.S. Trustee and the Joint Public Liquidators of the Bahamas to discuss “a consensual resolution.” The next FTX court hearing is scheduled for Wednesday, but there’s no sign yet the judge will make a ruling then.

Ray was appointed when crypto exchange FTX filed for bankruptcy and founder Sam Bankman-Fried stepped down on November 11. The company, once an influential giant in the industry, is accused of having commingled client funds with those of its sister company, Alameda Research—a crypto trading firm also founded by Bankman-Fried.

Ray said during his testimony on Monday that he and his team have been fielding daily requests from state and federal investigators. Ray also testified that he did not find examiner’s reports helpful in two prior bankruptcies he’s overseen, Enron and Residential Capital, adding that “the reports were somewhat ambivalent in the conclusionary sense.”

The FTX legal team has been arguing that the cost of an independent examiner would be significant and duplicate a lot of the work that Ray’s team has been doing since November.

Between the day that he was appointed and the end of last year, Ray said that he has done $690,000 worth of work for the company.

But the U.S. Trustee assigned to the case, Juliet Sarkessian, argued that 18 states have voiced their support for an examiner to be appointed. The latest has been Texas, which filed its joinder last week along with 15 other states.

James Bromley, an FTX attorney, argued that “to allow anyone else

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Did your car flood in southwest IL? Here’s how to file an insurance claim

  • August 7, 2022

As residents of southwest Illinois and the greater St. Louis area try to navigate flood lossessome may look to file insurance claims for automobile damage.

Comprehensive coverage isn’t always required, but if you have that type of plan, it may cover repairs or replacement of your vehicle after your deductible has been met.

Limits may apply to how much insurance companies will give you for repairs or replacement.

Water damage may be covered if your car is stuck in floodwater or if driving through water causes damage to your vehicle. Other types of storm damage may also be coveredsuch as damage from fallen tree limbs or hail, according to Progressive’s website.

Insurance plans typically do not cover after-market electronics, including GPS devices, stereos or anything else the owner installed.

You should review your policy or contact your insurer for the specifics of your coverage.

How can you file an insurance claim for flood-related car damage?

The first thing to do is to take pictures and video of your car submerged in water and try to show the water level. The water level can make a difference in whether an insurance company determines your car is totaledaccording to car media site Motortrend.

Once you’ve documented the damage if possible, you can begin the claim process. Most large insurance companies offer online claim systems along with apps, where you can report damage or place your claim over the phone.

It’s best to submit your claim as early as possible and take detailed notes throughout the process, Motortrend says. While mechanics examine your car and your insurance company investigates the claim, check for any damage that may not have been immediately visible.

The claim process will vary by insurance company, but here’s what the process looks like according to

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INSURANCE
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