M.P. Tangirala, additional secretary, M. Nagaraju, secretary,...
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Sompo Holdings establishes global Property and Casualty (re)insurance, and Wellbeing business segments
Sompo Wellbeing will work as one group to create products and...
360 ONE Asset picks up 15% stake in Bharti AXA Life Insurance
Parag Raja, managing director and CEO, Bharti AXA Life Insurance,...
COVID drives down U.S. life expectancy for the second straight year – CDC data
The nearly one-year decline from 2020 to 76.1 years marked the largest two-year drop in life expectancy at birth in close to a century, the U.S. Centers for Disease Control and Prevention (CDC) found. Disparity in life expectancy between men and women also widened...
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Axis is planning to take a 10% stake for around $9 million in the start-up's upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the largest...
Govt may invite preliminary bids for IDBI Bank stake sale next month
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. "Strategic sale is uncharted territory. There are a lot of issues to be addressed, including an open...
Reliance Capital bid deadline ends today amid investors concern over Reliance General
IDBI Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of Reliance Capital's 100 per cent shareholding in Reliance General in November 2019 and transferred the shares to its account. The...
Financial inclusion major step towards inclusive growth: FM
Nirmala Sitharaman,Finance Minister The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent...
Axis Bank stake in Max Life Insurance likely to rise to 20% in 6-9 months: Tripathy
''The bank currently holds about 13 per cent and we are hopeful that over the next 2-3 quarters they would be able to take it to 20 per cent,'' Tripathy New Delhi: Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 6-9...
Life insurers keen to re-enter indemnity-based health space
The life sector players such as LIC, private players like ICICI Prudential Life, HDFC Life, and Bajaj Allianz Life, among others, are unanimous in saying that all of them were offering health insurance before the sectoral regulator Irdai in 2016 abruptly asked them to...
Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA
Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...
Flexible work places can encourage more women to join labour force, Modi says
Prime Minister Narendra Modi Reiterating that the future needs flexible workplaces, a work-from-home ecosystem, and flexible work hours, the Prime Minister said,`` we can use systems like flexible workplaces as opportunities for women's labour force participation.''...
HDFC Bank picks up 9.94 % in Go Digit Life for Rs 120 crore
HDFC Bank's investment has valued GO Digit Life , which is yet to be a licensed, at around Rs 1200 crore The partnership between Kamesh Goyal and Indian born Canadian billionaire Prem Watsa's Fairfax, which already has a general insurance company, is now planning to...