Adani Power IPO oversubscribed
       The initial public offer (IPO) of Adani Power Ltd, a subsidiary of Ahmedabad-based Adani Enterprises, has marked the return of the institutional investors ' appetite for public offers. Foreign institutional investors (FIIs), banks, insurance companies and mutual funds have responded overwhelmingly to Adani Power's maiden issue, which closed on Friday.

Govt moves bill to up LIC's equity, dividend payout
        The federal government on Friday moved a bill in parliament to raise the capital base of state-run Life Insurance Corp and enable it to pay up to 10 percent dividend to the government

Life insurance industry hit by slowdown - min
          Slowdown in the economy has trimmed growth in premium income of Indian insurers in FY09, a junior finance minister said in a written reply to Parliament on Friday.

LIC grows 20%, pvt players bleed
          The financial year has begun with signs of recovery for public sector behemoth Life Insurance Corporation of India (LIC) whose first premium income - an indication of new policies sold - has grown by a handsome 20 per cent year-on-year in the April-June first quarter with first premium income at Rs 9,088.68 crore.

Aon Outperforms on Cost Savings
      Aon Corporation?s (NYSE: AOC - News) second quarter adjusted operating earnings (excluding non-recurring items) came in at 76 cents per share, compared to 70 cents in the year-ago quarter. Results were 2 cents ahead of the Zacks Consensus estimate of 74 cents.

[external] Market rally fails to lift worst-hit pension funds

The recent rise in share prices has failed to shrink the deficit of private companies? defined benefit pension schemes . The combined pension deficit of the 200 largest schemes offered by unlisted employers remained at £73bn this month, according to Aon Consulting ? about equal to June?s figure, but more than nine times the £8bn shortfall reported in April.

Nationwide Insurance, Allied Insurance responding to hail storm in Denver area