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Insurance Awareness Day 2025: History, Significance & 4 Types Of Life Insurance
National Insurance Awareness Day 2025: The day highlights the importance of insurance for financial security, encouraging policy reviews. National Insurance Awareness Day 2025: Observed on June 28 every year, National Insurance Awareness Day serves as a reminder of the critical role insurance plays in our lives. From health and life insurance to home and business coverage, insurance provides a financial safety net during unforeseen events, be it a medical emergency, accident or loss. However, this protection only works if premiums are paid consistently and on time. The COVID-19 pandemic served as a wake-up call for many, sharply increasing awareness around health insurance. Yet, a large section of the population still views insurance as an optional or unnecessary expense. This day encourages people to rethink that mindset. It's a moment to review existing policies, explore new ones, and most importantly, understand how insurance can secure your future and support your loved ones when it matters most. National Insurance Awareness Day 2025: History And Significance Did you know the origins of modern insurance date back to 1666? After the Great Fire of London destroyed large parts of the city, English economist and physician Nicholas Barbon established the first fire insurance company, The Insurance Office, near the Royal Exchange. His efforts laid the foundation for the vast insurance industry we know today. Since then, insurance has evolved far beyond fire protection. Today, we rely on it for health, automobiles, homes, life coverage, and even businesses. National Insurance Awareness Day, observed every year on June 28, serves as an important reminder to review your insurance policies. Are they still relevant to your current needs? Are your premiums up to date? Do you truly understand your coverage? This day is also about asking the right questions, clearing up confusion, and realising how insurance acts as a safety net during life's unpredictable moments. From financial setbacks to medical emergencies, the right insurance can provide stability when it's needed most. Awareness campaigns and events on this day aim to make insurance less intimidating and more empowering for everyone. National Insurance Awareness Day: Here's How You Can Observe Contact your insurance provider to check for any updates, offers, or changes in your premium. Compare different plans carefully before choosing, and ask for details to find the best policy for your needs. Remember, savings don't just come from switching plans. Taking steps like safe driving, installing home security, or staying healthy can also lower your insurance costs. National Insurance Awareness Day: 4 Common Types of Insurance And Why They Matter Insurance offers financial protection during unexpected events. Here are four important types you should know about: Life Insurance: It provides financial support to your family after your death. It ensures that your loved ones are taken care of by paying a set amount to the chosen beneficiary. Home Insurance: This insurance protects your house from damage caused by events like fire, storms, or other disasters. It covers the structure of your home and helps with repair or rebuilding costs. Health Insurance: It helps pay for medical expenses such as doctor visits, hospital stays, medicines, and routine check-ups. It can be offered by employers, government schemes, or bought individually. Auto Insurance: Auto insurance covers your vehicle in case of accidents, theft, or damage. It also includes liability for injury or damage caused to others. In many places, it's required by law to drive legally. These types of insurance are important because they help protect you and your family from financial stress during tough times. National Insurance Awareness Day 2025: Why Is Insurance Important? Insurance protects you and your family from unexpected expenses like medical bills, accidents, or loss of income. It gives peace of mind and helps you stay financially stable during tough times. Here's why it is necessary: About the Author Bhaswati Sengupta First Published: June 28, 2025, 07:10 IST
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Pisces Horoscope Today, June 28th, 2025
Pisces Daily Horoscope, June 28th, 2025: Keep a close eye on your valuables. Handle financial matters with care—your intuition will guide you through the challenges wisely. Pisces Daily Horoscope Today, 28th June 2025: Ganesha says to be careful today, as there is a distinct possibility of losing some valuable property. Make sure you have a good idea of where all your valuables are and don't handle them carelessly today, otherwise, you may regret it. You have to pay attention to your financial matters and be careful. You may face any problem related to your financial matters. Get benefits from your efforts. Courage and achievements will be prominent. Listen to responsible and senior persons. Follow rules and laws. Avoid debate and conflict situations. Personal achievements will increase. Pay attention to yourself and get regular health checkups. Be restrained in your speech. Your morale will remain high. Check out your daily horoscope for June 28, 2025 here. Lucky Colour: Maroon Lucky Number: 15 (The author Chirag Daruwalla is the son of Astrologer Bejan Daruwalla). About the Author Chirag Daruwalla First Published: June 28, 2025, 07:05 IST News astrology Pisces Horoscope Today, June 28th, 2025 Latest News 'Copying The EU': Trump Calls Off Trade Negotiations With Canada, Threatens New Tariffs World Astrology Pisces Horoscope Today, June 28th, 2025 Astrology Aquarius Horoscope Today, June 28th, 2025 India 'Two Rape Cases Within A Year': Questions Raised On Campus Safety In Bengal Business India's Insurance Penetration Below 5%: Perception, Not Price, Is The Hurdle, Say Experts latest news
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Bank Holiday Today: Will Banks Remain Open Or Closed On Saturday, June 28?
Last Updated: June 28 falls on the fourth Saturday of the month, which is a regular bank holiday observed nationwide. Banks in some parts of India will remain closed from June 28 to June 30 due to a mix of weekend, religious, and regional holidays. The closure will depend on the location and nature of the observance. June 28, being the fourth Saturday of the month, is a scheduled holiday for banks across the country. Following this, June 29 is a Sunday, which is a regular weekly off for all banks. On June 30, banks in the state of Mizoram will be closed for Remna Ni, a regional public holiday. This day commemorates the signing of the Mizoram Peace Accord in 1986, which brought an end to years of insurgency in the region. It is observed as a symbol of peace, unity, and harmony. Banking Services to Run Normally in Most States Banks in other parts of India will operate normally during this period, except on the weekend. However, customers are advised to check their state-wise bank holiday schedule or contact their local branches in advance if they have important work planned. Essential banking services such as ATMs, online banking, mobile apps, and internet banking will continue to function without any disruption, ensuring smooth access to transactions during the holidays. July Brings a Fresh Round of Bank Holidays Across India More bank holidays are lined up for July 2025, with banks expected to remain closed for up to 13 days in total. This includes Sundays, the second and fourth Saturdays, and various regional holidays across different states. One of the first regional closures will be on July 6, when banks in Tripura will remain closed for Kharchi Puja, a major traditional festival observed in the state. Following that, on July 9, banks in several northeastern states will be shut in observance of Drukpa Tshe-zi and Martyrs' Day, both significant cultural and historical days for the region. Later in the month, on July 17, banks in Kerala and Tamil Nadu will observe a holiday for Muharram, a key religious occasion in the Islamic calendar. However, this date is subject to moon sighting, so the final confirmation may vary slightly. In addition to these specific holidays, banks will remain closed on all Sundays and the second and fourth Saturdays as per the regular schedule. Customers are advised to plan their banking needs accordingly and make use of digital banking services like mobile apps, internet banking, and ATMs, which will remain operational throughout these non-working days. About the Author Business Desk First Published:
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'Copying The EU': Trump Calls Off Trade Negotiations With Canada, Threatens New Tariffs
In a significant blow to Canada, United States President Donald Trump announced termination of trade negotiations with Ottawa with immediate effect. While making the announcement, he cited Canada's digital services tax and adding that Ottawa will learn of their tariff rate within a week.
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Sambhv Steel Tubes IPO Gets 30.33x Subscription, Retail Quota Subscribed 8.5x; Check GMP
The GMP of the Sambhv Steel Tubes IPO currently stands at 14.63%, indicating mild listing gains. Sambhv Steel Tubes IPO Day 3: The initial public offering (IPO) of Sambhv Steel Tubes Ltd has been closed today, Friday, June 27, 2025. The issue, which was opened on June 25 to raise Rs 540 crore, has received a strong response amid decent GMP. Here's the subscription status and GMP today. Till 5:00 pm on the final day of bidding on Friday, the IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The Sambhv Steel Tubes IPO received a 0.41x subscription on Day 1 and a 1.27x subscription on Day 2. The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. Sambhv Steel Tubes IPO: Price Band and Lot Size The price band has been fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Investors can bid for a minimum of 182 equity shares and in multiples thereof. A discount of Rs 4 per equity share is being offered to eligible employees bidding in the reserved employee portion. Sambhv Steel Tubes IPO GMP Today According to market observers, the GMP of the IPO currently stands at 14.63%, indicating mild listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Allotment And Listing Date The IPO allotment will be finalised on Monday, June 30. The equity shares will be listed on both the BSE and the National Stock Exchange (NSE) on July 2. Sambhv Steel IPO: Analysts' Recommendations Most brokerage firms have issued 'Subscribe' recommendations, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. Anand Rathi Research Anand Rathi said Sambhv Steel Tubes benefits from operational efficiency, backward integration, and a strong distribution network, helping it produce value-added products at scale. 'The issue is valuing at P/E of 44 times to its annualized FY25 earnings, EV/EBITDA of 17 times. We believe that the IPO is fully priced and recommend a 'subscribe for long term' rating to the IPO," it said. SBI Securities According to SBI Securities, Sambhv Steel has ramped up its capacity in high-margin stainless steel products, which is likely to boost margins over the next few quarters. 'With ramp up in capacity utilization of CR coils (SS) and Pre-galvanized (GP) pipes expected over the next 2–4 quarters, margins are likely to expand," it said, recommending a 'subscribe' with a long-term horizon. BP Equities BP Equities flagged high valuations, noting that the IPO is priced at a steep 273 times FY25 annualized earnings, but sees merit in the company's future growth plans and debt-reduction strategy. 'It remains well-positioned for future growth, considering that it is the only player in this emerging segment with an intention to repay debt and invest in its subsidiary," the firm said while maintaining a 'subscribe for long term' rating. Canara Bank Securities Canara Bank Securities highlighted Sambhv Steel's integrated model, cost control, and focus on value-added products, stating these factors support a scalable growth path. 'While the valuations appear marginally premium, they are backed by the company's unique integration model, improving product mix, and a strong growth outlook," the brokerage said. Bajaj Broking Recommendation: Subscribe for long-term Bajaj Broking attributed the company's recent lower profitability to provisioning and depreciation costs due to new capacity additions. It expects net profits to rise once debt is reduced post IPO. 'Since the company will clear its debt to the tune of Rs 390 crore post IPO, it will lower its finance cost and translate into higher net profits," it said, assigning a 'subscribe for long term' call. Marwadi Financial Services Marwadi Financial Services views Sambhv Steel as well-positioned to benefit from rising demand for ERW pipes and values it attractively against peers. 'We assign 'subscribe' rating to this IPO as the company is well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes with its strong process innovation and execution capabilities," the note said. Kunvarji Finserv Kunvarji Finserv cited Sambhv Steel's consistent revenue growth, wide product portfolio, and expanding capacities as reasons for its recommendation. 'We recommend subscribing to this IPO with a medium to long-term view," it said, citing sectoral tailwinds and diversified offerings. Sambhv Steel Tubes IPO Proceeds As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes IPO: Breakdown of Offer for Sale The Rs 100-crore OFS component includes shares offloaded by the following stakeholders: Rs 10 crore by Shashank Goyal (Promoter Selling Shareholder) Rs 10 crore by Rohit Goyal (Promoter Selling Shareholder) Rs 35 crore by Kaushlya Goyal (Promoter Group Selling Shareholder) Rs 10 crore by Harsheet Goyal (Promoter Group Selling Shareholder) Rs 35 crore by Rinku Goyal (Other Selling Shareholder) Sambhv Steel IPO: More Details The IPO is being offered through the book-building process in line with SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations: Not more than 50% of the net offer will be allocated to qualified institutional buyers (QIBs). Up to 60% of the QIB portion may be allocated to Anchor Investors, with one-third reserved for domestic mutual funds. A minimum of 15% is reserved for Non-Institutional Bidders (NIIs). At least 35% is reserved for retail investors. A portion of the shares is also reserved for eligible employees, who will benefit from the Rs 4 discount. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. top videos View all Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 27, 2025, 09:59 IST News business » ipo Sambhv Steel Tubes IPO Gets 30.33x Subscription, Retail Quota Subscribed 8.5x; Check GMP
