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Stocks making the biggest moves premarket: Turning Point Therapeutics, Lululemon, RH and others

Check out the companies making headlines before the bell:Turning Point Therapeutics (TPTX) – The biopharmaceutical company's shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes in cancer treatments.Lululemon (LULU)

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Rise in third-party motor cover premium rates to partially offset underwriting losses for insurers: Report

The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment's underwriting losses, Crisil Ratings said in a report. The premium rates for third-party motor insurance have been increased from June 1. Premiums for two-wheeler insurance have risen the most

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Irdai eases capital requirement for PMJJBY to encourage more insurers to participate

Insurance sector regulator Irdai on Friday relaxed capital requirement norms significantly for insurers to encourage their participation in the government's flagship programme Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The Insurance Regulatory and Development Authority of India (Irdai) has reduced the capital required to be held by insurers offering

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Govt likely to include corporate houses in IDBI privatisation process

The government is likely to include corporate houses and ask the Reserve Bank of India (RBI) to extend the time frame for the ’s privatization process. The extension might allow the new owners to negotiate with shareholders and eventually reduce their stake to 26%. However, the RBI has maintained

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Kotak Bank succession plans: KVS Manian clarifies, says Jay Kotak will get bigger role based on merit

Harvard alumnus and Uday Kotak's elder son Jay Kotak has lately had significant enhancements to his executive role at the Kotak Mahindra Bank, prompting analysts to view the assignments as a start to long-term succession planning at the financial empire bearing the family name of Asia's richest banker. Board

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Third-party insurance premium hike for 2-wheelers unlikely to impact demand: ICRA

The upward revision in the third-party insurance premium for two-wheelers, which has come into force from June 1, is unlikely to materially impact the demand, credit ratings agency said on Friday. ICRA said it expects a 7-10 per cent year-on-year volume growth in the two-wheeler industry this fiscal,

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