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IndiaFirst Life net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore
“With the parent group, Bank of Baroda becoming the third-largest bank in India, and with the private equity firm Warburg Pincus, buying out erstwhile partner Legal and General’s stake, we are poised for the next phase of growth,” R M Vishakha, managing director and chief executive officer, IndiaFirst Life.
FPIs withdraw Rs 6,399 cr in May so far on trade war, election uncertainty
“This change in trend is not entirely unexpected. It can be attributed to both domestic as well as global scenario turning unfavourable. The fallout of the US-China trade talk has waned investors’ risk appetite globally,” said Himanshu Srivastava, Senior Research Analyst, Morningstar Investment Adviser India.
Indian markets cheer Modi’s likely return to power
MUMBAI/BENGALURU: Indian markets rallied on Monday after exit polls...
2019 general elections: The winner gets an economy riddled with problems
With 7% expansion in the year through March, India has held the crown as the world’s fastest-growing major economy. But that’s quickly changing this year as consumption — which makes up 61% of India’s gross domestic product — weakens sharply, with ripple effects on new investments. GDP data due May 31 will probably show growth cooled in the three months through March from a six-quarter low of 6.6%.
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