by AIP Online Bureau | Feb 3, 2022 | Data, Eco/Invest/Demography
CMIE MD and CEO Mahesh Vyas, in his analysis of the December data, said 35 million people were actively looking for work in December 2021, of which 23 per cent or 8 million were women. New Delhi: India’s unemployment rate witnessed a sharp decline to 6.57 per...
by AIP Online Bureau | Feb 3, 2022 | Indian News, Life, Regulation
PNB had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) with the bank in FY20 Canara Bank owns 51 per cent stake, while HSBC Insurance (Asia Pacific) Holdings Ltd as a foreign partner owns 26 per cent. New Delhi:...
by AIP Online Bureau | Feb 2, 2022 | Indian News, Life
LIC,which is bound for the nation’s largest share sale by March, is the strongest and the largest brand in the country with a valuation of $8.656 billion (around Rs 64,722 crore), which also makes it the third strongest insurance brand globally, according to a...
by AIP Online Bureau | Feb 2, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
Secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey, said approval of the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed. New Delhi: Government is likely...
by AIP Online Bureau | Feb 2, 2022 | Indian News, Life, Non-Life, Regulation, Reinsurance
-Prior to the global merger- AXA group acquired XL group in 2018- both the groups had their own FRBs in India and are continuing to operate as separate entities in the country till now -IRDA confirms its stand formally to allow only one FRB belonging to the group....
