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Asset valuer appointed for IDBI Bank; govt deliberating on share purchase pact: DIPAM secretary
The privatisation of IDBI Bank has been in process for over two and...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue...
Sebi proposes to allow pension funds to participate as anchor investors in public issues
In its consultation paper, the regulator has proposed that rules should be amended to allow pension funds of entities which are associates of the lead managers, to participate as an anchor investor in a public issue Mumbai: Sebi on Wednesday proposed to allow pension...
Anil Wadhwani joins Prudential Plc as Chief Executive
Anil Wadhwani, chief executive, Prudential "I am thrilled to join the team at such an exciting time in the development of its Asian and African operations and am looking forward to meeting customers, colleagues, investors and key stakeholders."Anil Wadhwani , Chief...
Thai Life Insurance partners with Munich Re Automation underwriting solution
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want...
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai chief
Debasish Panda,chairman, IRDAI ''We're a diverse nation of 1.4 billion people. We can't have a one-size-fits-all approach, instead we need more unique products that can meet the insurance needs of both the super rich as well as the very poor. And such unique products...
IRDAI convenes 2-day industry CEOs meet on March 1-2 in Hyderabad
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on March 1. On March 2, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies and reinsurance companies...
Post-pandemic, Indians make providing financial security for the family as top priority, Bajaj Allianz Life survey Retirement planning, leading a balanced lifestyle, and providing for children’s education continue to feature among the top Life Goals, finds the Bajaj...
MR Kumar may get another 3-month extension as LIC chairman till June end
M.R Kumar, chairman, Life Insurance Corporation The government is actively thinking about giving the last extension to Kumar as it is yet to finalise about his successor Though, there were some talks earlier that the government may go for a private sector...
PNB MetLife opens 20 new branches
PNB MetLife, one of India’s leading life insurers, has announced the launch of 20 new branches across India. PNB MetLife already has an extensive distribution network in the country with over 135 branches and opening up these new branches is in line with their...
UK to expedite insurance reforms, to release £100 billion of capital for investment
Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to swap bonds they have to hold currently for assets such as green technology or housing at first, with other...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...