Intermediaries

5.89 lakh unregistered telemarketers blacklisted since 2011 for pesky calls: Ravi Shankar Prasad

Indian News       Jul 17, 2019

New Delhi: Telecom resources of 18.19 lakh unregistered telemarketers have been disconnected and 5.8 lakh were blacklisted by service providers since 2011 following consumer complaints on pesky telemarketing calls, Parliament was informed on July 17.   Further, a penalty of Rs 4.16 crore was deducted from...

Ebix to acquier Yatra Online for Rs 2,314 crore

Indian News       Jul 17, 2019

  GURUGRAM,ATLANTA and NEW YORK: Ebix, Inc, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. and Yatra Online, Inc. today announced that they have entered into a definitive agreement under which Ebix will acquire Yatra via...

Budget 2019-20 allows 100 % FDI in insurance broking

Indian News       Jul 05, 2019

New Delhi: Despite being opposed by the domestic insurance brokers, Finance minister Nirmala Sitharaman, in her maiden Budget on Friday, has announced raising the limit of foreign direct investment (FDI) from 49 per cent to 100 per cent in the Indian insurance broking industry as...

Building trust is key to addressing underinsurance in mature markets: Geneva Association Customer Survey 

Facts       Jun 27, 2019

  ZURICH: Insurance protection gaps in mature markets could be narrowed by reinforcing trust in insurers, finds a customer survey of The Geneva Association, the global organisation of chief executive officers of insurance and reinsurance companies.   The Geneva Association commissioned a survey of 7,000 people in...

BGC Insurance Group to establish new global aviation brokerage

International News       Jun 17, 2019

  LONDON:  BGC Insurance Group (BGCI), a division of BGC Partners Inc. , a leading global brokerage and financial technology company, today announced plans to launch a specialist global aviation and aerospace (re)insurance brokerage. Marcel Chad will be President of the planned new BGCI brokerage.   The...

Not Amazon, Instagram is likely to dominate the future of online retail

Facts       Jun 02, 2019

  Luxury fashion is getting ready for its selfie. If it likes what it sees, the global apparel market could become a battle of the Everything Store against the Everyone Store.   Selling on Instagram is no longer just the province of retailers. A small group of...

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

Indian News       May 21, 2019

New Delhi: Punjab National Bank (PNB) could take control of two or three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters. New Delhi has been trying to merge smaller regional...

Gallagher picks up a miniority stakes in Edelweiss Insurance Brokers

Indian News       May 21, 2019

   Rolling Meadows:  Arthur J. Gallagher & Co, the fourth largest international insurance broker, has purchased a minority stake in Edelweiss Insurance Brokers Limited (EIBL), a wholly owned subsidiary of Edelweiss Group, a diversified financial services conglomerate owned by Rashesh Shah. The deal is subject to...

Reliance entry to digitise 5 million kirana stores by 2023: Report 

Data       May 12, 2019

  Richest Indian Mukesh Ambani-led Reliance Industries entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.    As much as 90 per cent of India's USD 700 billion...

Marsh & McLennan receives final regulatory approvals on buying JLT on April 1

International News       Mar 25, 2019

  The European Commission has approved its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc, said Marsh & McLennan Cos. (MMC) March 22 t.   With the approvals from European Commission, all regulatory and competition authority approvals required to close the transaction have now been satisfied,...

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