Supra Pacific Launches Insurance Partnerships

16 Sep 2025 CW Team

Supra Pacific Financial Services, a BSE-listed NBFC, has formally launched its Corporate Agency partnerships with three leading insurance providers:

ICICI Lombard General Insurance Company
Care Health Insurance
HDFC Life Insurance Company

The launch event, held on 15 September 2025 at the Company’s Corporate Office in Ernakulam, was attended by the Company’s senior leadership team — including Joby George, Chairman & Managing Director; Abidh Abubakkar, Executive Director; Sandeep Babu, Director; Balakrishnan R, Business Head; Raju R, General Manager – Strategy & Communication; and Deepak Francis, Senior Vice President. Representatives from the partner insurers, including Jaibin Lee James (HDFC Life), Rahul KR (ICICI Lombard), and Athul Dev Devarajan (Care Health), also joined the event.

The partnerships enable the Company to offer a comprehensive suite of life, health, and general insurance solutions to clients. This initiative is expected to:

Strengthen revenue diversification and operational efficiency
Enhance cross-selling opportunities and customer retention
Expand market presence and financial inclusion efforts
Deliver sustainable long-term value to shareholders

For FY 2025–26, the insurance business is expected to generate revenues of Rs 10.50 million, with projections of Rs 60.50 million in FY 2026–27. This growth is set to reinforce the Company’s positioning as a one-stop financial services provider.

With India’s insurance sector poised for rapid expansion, this move aligns with the Company’s broader strategy of growth, customer-centricity, and value creation. Following strong revenue and profit growth in Q1 FY 2025–26, the Company expects the insurance vertical to further accelerate momentum, enhance margins, and strengthen stakeholder returns.

News source: BSE

Infrastructure Energy

08 Oct 2025

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

ONGC To Invest Rs 8.11 Billion In Andhra Onshore Oil, Gas Project

The Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8.11 billion for the onshore development and production of oil and gas from 172 wells across eight Production Mining Licence (PML) blocks in Andhra Pradesh.A committee under the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) for the project during a review meeting held last month.According to the Expert Appraisal Committee (EAC) minutes, the total project cost is estimated at Rs 8.11 billion, with a capital allocation of Rs 172 million towards the Environment Managem..

Tripura To Supply 40 MW Power To Mizoram For Christmas

The Tripura State Electricity Corporation Limited (TSECL) will supply 40 megawatts (MW) of power to Mizoram during the upcoming Christmas celebrations, continuing a long-standing tradition of power exchange between the two north-eastern states, officials confirmed on Sunday.During Durga Puja, the Mizoram State Power Corporation (MSPC) had supplied an equivalent 40 MW of electricity to Tripura to ensure an uninterrupted power supply during the festive period.“We had an agreement to receive 40 MW during Durga Puja, although the full amount was not utilised due to lower-than-expected demand in ..