Siddhartha Mohanty, CEO & M D, Life Insurance Corporation On...
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Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in...
SBI Life Insurance Vidyaniti buy 4.25 pc unit-holding in NHIT for Rs 1100 cr
According to the block deal data available on the NSE, SBI Life...
Torrent stalls Reliance Capital Resolution, COC approves 90 days extension to complete resolution process
In the hearing on Thursday, January 12, senior counsel Kapil Sibal appearing for RCAP's COC informed the court that the bid submitted by Torrent is non-compliant. Mumbai:The Committee of Creditors (COC) of Reliance Capital has approved the extension of 90 days (from...
LIC to consider doing health insurance biz after composite license is allowed: Chairman
(from L to R) G. Srinivasan, director, National Insurance Academy, Devesh Srivastava, CMD, GIC Re,MR Kumar,chairman, LIC, Parmod Kumar Arora, member (Actuary) IRDAI at the 24th Annual C D Deshmukh Memorial Seminar organised by NIA, Pune “We are watching the situation...
Axis Bank revises pact with Max Fin, to buy more 7% stake in Max life
The revision, the stock exchange filing said, has been done consequent to the guidance received by Max Life from insurance regulator IRDAI.Discounted cash flow refers to the estimated value of an investment based on future cash flows Mumbai: Axis Bank on Tuesday said...
Nurturing Talents: Compensation for Indian Workforce
Though western countries are embracing and adopting the concept of Total Rewards for retaining employees, a more nuanced approach is warranted when designing a compensation structure for the Indian workforce Shwetha Ram While the COVID-19 pandemic upended the...
InsuranceDekho receives Rs 300 crore of funding from Goldman Sachs Grp, valued at Rs 1100 crore
The sole source of income for Insurance Dekho is insurance brokerage and commission, which increased by 61% to Rs 47.91 crore in FY22 from Rs 29.71 crore in FY22. In the most recent fiscal year, the company’s losses increased by 55.6% to Rs 72.29 crore. At the group...
Sebi allows govt stake in IDBI Bank to be reclassified as public post sale
The government had requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise any control over the bank or have any special rights The government would also not have any representation on the bank's board The...
NCLT puts Hinduja’s RCap higher offer on hold, next hearing on Jan 12
The interim stay was provided after Torrent Group filed an interlocutory application with NCLT on Monday seeking its direction to RCap’s administrator not to accept Hinduja’s revised bids that were submitted a day after the e-auctions ended Earlier, Ahmedabad-based...
Lenders to meet on Tuesday to discuss bids for Reliance Capital acquisition
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja's offer was Rs 8,110 crore After the e-auction was over, sources said, Hinduja...
SBI asks field functionaries to desist from mis-selling of insurance products
The bank asked the field functionaries to ensure that the branches conduct need-based selling of insurance products with strict compliance to the Assessment of Suitability and Appropriateness Framework (ASAF) and sourcing of business is undertaken for 100 per cent KYC...
Man loses Rs 14 lakh to fraudsters offering Rs 50 lakh loan on `insurance policies’
The accused lured victims with low interest rate loan offers against the newly purchased insurance policy which was also sold by them to the victims New Delhi: The Delhi Police has busted a gang which operated under the disguise of an insurance firm at a Noida-based...