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![Page 1: News](https://reader036.fdocuments.us/reader036/viewer/2022083001/55835e61d8b42aa3798b555e/html5/thumbnails/1.jpg)
Weekly News
![Page 2: News](https://reader036.fdocuments.us/reader036/viewer/2022083001/55835e61d8b42aa3798b555e/html5/thumbnails/2.jpg)
Videocon forays into gen insurance
• Videocon is entering into financial services business through a general insurance company in partnership with US-based property and casualty insurer Liberty Mutual Group (LMG).
• The foreign partner will hold a maximum permissible 26 per cent stake in the JV with Videocon .
• The JV will primarily focus on personal non-life products like motor, health, homes and small commercial business solutions.
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IPO limit for individual investor enhanced
• SEBI has doubled the limit for maximum application for individual investors from Rs 1 lakh to Rs 2 lakhs across all public issues.
• Once categorized as HNIs these investors had only 15 percent of the shares at their disposal, as against 35 percent reserved for the retail players.
• The remaining 50 percent is set aside for institutional investors.
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Bajaj Auto arm raises KTM stake• Bajaj Auto International Holdings (BAIHBV), a
Netherlands-based wholly-owned subsidiary of Bajaj Auto, has raised its stake in KTM Power Sports .
• India’s second-largest motorcycle maker purchased 2.44 lakh shares in KTM, taking the total shareholding to 38.09% .
• Bajaj Auto is the second-largest shareholder in KTM. The largest shareholders — Stefan Pierer and Rudolf Knuenz hold more than 51%.
![Page 5: News](https://reader036.fdocuments.us/reader036/viewer/2022083001/55835e61d8b42aa3798b555e/html5/thumbnails/5.jpg)
GE to double exports in 5 years; to focus on India
• GE is looking at doubling its overall exports in next five years.
• Scaling up of exports by GE would also benefit other countries as it would create jobs in the rest of the world, besides the US.
• India is a big market for engineering firms as there would be big focus on infrastructure development during the 12th Five year plan.
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Maruti, Hyundai exports dip as cos shift focus on domestic mkt
• In the month, domestic market leader Maruti Suzuki India (MSI) witnessed its exports declining by 18.11 per cent to 11,353 units from 13,864 units in the year-ago period.
• Hyundai Motor India (HMIL) also saw its overseas sales going down by 25.32 per cent to 17,500 units from 23,434 units in the corresponding period last year.