Industry News

OneBeacon Insurance Group Ltd authorised a quarterly dividend of USD0.21 per share on the company's common stock, it reported on Thursday. This dividend will be paid on 29 September 2016, to shareholders of record as of the close of business on 9 September 2016.. OneBeacon through its subsidiaries, provides speciality property and casualty insurance products and services through its Specialty Products segment and its Specialty Industries segment..."/>
OneBeacon announces dividend of USD0.21 per share for Q3 2016
Old Republic International Corporation on Thursday reported certain decisions taken by its board of directors at the regularly scheduled third quarter meeting. Accordingly, the board authorised the election of class II directors Dew, Dixon and Van Mieghem for a three-year term, each receiving a majority and/or plurality of all the votes cast by the shareholders. Also, it considered the result of the shareholder proposal on proxy access in this year's Proxy Statement and the..."/>
Old Republic's board takes action on corporate governance and approves USD0.1875 per share quarterly dividend
Icra Ltd rose as much as 15.3%, its maximum gain since 3 July 2014, and touched a high of Rs.4, 144 a share, a level last seen on 24 June. Crisil Ltd rose as much as 7%, its maximum gain since 20 April, and touched a high of Rs.2, 180 a share, a level last seen on 10 June."/>
Rating firms gain, buoyed by new RBI norms for corporate bond markets [Mint, New Delhi]
State Bank of India and largest private sector lender ICICI Bank continue to be domestic systemically important banks, the central bank said Thursday. The Reserve Bank of India classification means their collapse could have a cascading impact on the entire financial system and the economy. This is a repeat of a similar classification for both these lenders, made by the central bank in August last year."/>
RBI retains too big to fail status for SBI, ICICI Bank [Mint, New Delhi]
Clal Insurance Enterprises Holdings Ltd., which bring us close to the end of the reporting season in the insurance sector, present weak results: a sizeable loss both for the second quarter and the first half year, alongside a continued decline in premiums in the group's insurance business. Clal Insurance is currently at the center of a confrontation between its controlling shareholder, Eduardo Elzstain's IDB group, on the one hand, and..."/>
Clal Insurance loss widens [Globes, Tel Aviv, Israel]
Transaction complete: First test of a UPI app [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
Corporate bonds get RBI booster [Mint, New Delhi]
IL&FS Transportation Networks Ltd on Thursday said it has agreed to sell a road project in Andhra Pradesh to Cube Highways and Infrastructure Pte. Ltd, a joint venture between I Squared Capital and International Finance Corporation, for Rs.140.37 crore. Cube Highways will also assume debt of about Rs.500 crore associated with the project."/>
ITNL to sell Andhra Pradesh road asset to Cube Highways for Rs140 crore [Mint, New Delhi]
Axis Bank Ltd, Union Bank of India, Federal Bank Ltd and Bank of Maharashtra on Thursday went live with National Payments Corporation of India's UPI apps on the Google Play Store. The UPI system will allow customers to safely and..."/>
UPI goes live, banks introduce payment apps on Google Play Store [Mint, New Delhi]
Entergy's equipment Thursday morning and caused an outage that knocked out power for about 3,500 customers in parts of Carrollton, the Black Pearl, and Audubon neighborhoods. Customers lost power at 7:15 a.m. Crews were on the scene working on the problem, Entergy tweeted. Power was expected to be restored between 9:30 a.m. and 10:30 a.m.."/>
BRIEF: 3,500 without power in Carrollton, Black Pearl, Audubon, Entergy says [NOLA Media Group, New Orleans]

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