The digital-only insurer had sold the first policy in October 2017 and has since then sold to over 20 million customers. It achieved break-even in the third year and entered the unicorn club in less than four years and is now valued at over USD 3.5 billion.
Last week, the BSE benchmark Sensex rallied 1,246.89 points or 2.07 percent. The benchmark went past the 61,000-mark for the first time ever on Thursday.
WK Life, which mainly imports its range of products, aims to double the contribution of locally produced items to 30 percent by value by the first quarter of 2022.
The airline will operate the flight three times a week till October 31, according to its statement.
A majority of shareholders also approved to increase limits of foreign portfolio investments in the company.
The urgency around tariff hikes has come down with Vodafone Idea Ltd#39;s (VIL) near-term cash outflow significantly reduced, IIFL Securities said.
MaxVIL, which has a presence in real estate and packaging film businesses, is listed on stock exchanges and posted a total income of nearly Rs 1,190 crore during the last fiscal year.
While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline that is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS.The digital-only insurer had sold the first policy in October 2017 and has since then sold to over 20 million customers. It achieved break-...
