Out of five existing managing directors, three including MD and CEO...
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Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset...
Life insurance: 78% of urban Indians own one or more products, Axis Max Life Insurance survey
Prashant Tripathy, CEO and managing director, Axis Max Life...
LIC launches ’s Group Post Retirement Medical Benefit Scheme
Mumbai: Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation...
HDFC Life elevates Niraj Shah as ED & CFO
HDFC Life has elevated Niraj Shah as executive director & chief financial officer, effective April 26, 2023 for a term of three years, subject to approval of the Shareholders. Niraj has been the CFO) of HDFC Life since February 2019. He oversees finance, product...
IndusInd International Holding receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition
IIHL is offering Rs 10,000 crore for Reliance Capital, while the liquidation value (LV) and fair value (FV) of the company are pegged at Rs 13,000 crore and Rs 17,000 crore respectively Mumbai: The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which...
Jio Financial Services plans IPO in Oct
Jio Financial Services along with host of various financial services companies will also float one life insurance and one general insurance company Mumbai: Reliance Industries Ltd. is planning to list its digital financial services unit,Jio Financial Services, as soon...
Govt clears Siddhartha Mohanty as chairman of LIC
Siddhartha Mohanty,chairman, Life Insurance Corporation Siddhartha Mohanty, the senior most MD, will be chairman of the LIC till June 29 and after that will be designated as chief executive officer and managing director of the corporation till 7TH June 2025 New Delhi:...
BC Patnaik appointed as member life, IRDAI
Bishnu Charan Patnaik, member, Life, IRDAI ``The Appointments Committee of Cabinet(ACC) has appointed Patnaik as the whole time member(Life) of IRDAI till he reaches the age of 62,’’ said an order from the Department of Personnel and Training New Delhi:...
ICICI Pru Life refutes GST dept contention of tax liability due to input tax credit claims
In a filing to stock exchanges, ICICI Prudential Life said it had last fiscal received an intimation from the Directorate General of GST Intelligence (DGGI) of estimated tax liability to the company ''The company has filed a response refuting the claim,'' it said...
SBI Life net rises marginally to Rs 77.6 cr in Mar qtr
The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year Mumbai: SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in...
Bajaj Allianz Life declares bonus of Rs 1,201 cr to policyholders in FY23
As many as 11.43 lakh participating policyholders out of its total of 3.5 million policyholders will benefit from the announcement, it added. Mumbai: Bajaj Allianz Life on Wednesday said it has declared a bonus of Rs 1,201 crore to participating policyholders for the...
Hinduja Group emerges sole bidder with Rs 9,650 crore offer for Reliance Cap in 2nd auction
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments Mumbai bench of the National Company Law Tribunal (NCLT) has extended the...