Girija Subramanian, CMD, New India Assurance Besides, the tenure of...
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LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order
The The Allahabad High Court found the impugned directive prima...
CCI okays Sanlam Group’s proposal for stake purchase in Shriram Life Insurance
“The proposed combination envisages acquisition of 2.80 per cent of...
LIC in talks with regulators to facilitate long-term instruments to match growing liabilities: CEO
R Doraiswamy,CEO and MD, LIC . Asked if LIC is prepared for further dilution of stake by the Centre, Doraiswamy said, "We have been prepared right from day one. When we started preparing for the IPO, we were prepared for this kind of subsequent actions as well. So the...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...
Kotak Life appoints Amit Palta as Deputy Managing Director
Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director - designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
Global insurance market expected to continue shifting eastward over next decade: Allianz
Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
HC uphols direction for entrusting census duties to employees of LIC
Dismissing the writ petition, Justice Dinesh Pathak said, "This court is of the considered opinion that the authorised authority/zonal officer has not committed any error or illegality in issuing orders in exercise of delegated power directing the employees of the LIC...
Sanjay Lohiya assumes charge as Secretary, Department of Financial Services
Sanjay Lohiya, Secretary, Department of Financial Services Lohiya takes charge at a time when the financial sector is undergoing transformation with a focus on digital financial inclusion, recapitalisation and operational autonomy of public sector banks, and deeper...
LIC considers fintech arm amid push for technology-led expansion
"So, both go hand in hand…we are engaging the fintech players but whether it can be a strategic partner, we are looking at various options available and we may be coming up with something…our first aim is to modernize our IT applications and become as agile and...
Bajaj Finserv to Invest in AI, Tech Startups
"Bajaj Finserv companies will invest Rs 1,500-2,000 crore over a five-year period in startups and early-stage companies with strong scalability potential across AI, cybersecurity, quantum technologies, fintech and consumer technology platforms," the statement said....
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...