FDI limit may rise to 74% for insurance companies in the coming February budget
If everything goes well, the government may introduce this as part of the budget announcement and can take a shortcut so to get the nod of parliament as part of…
J&K Bank proposes to sell its 5% stake in PNB Metlife India
Jammu and Kashmir Bank on Sunday proposed to sell its stake in PNB Metlife India to Oman India Joint Investment Fund II for ₹185 crore. J&K bank owns 5% stake…
“Awaiting approval from IRDA” says Rakesh Jhunjhunwala over investment plan in Star Health Insurance
The big bull of Indian stock market, Rakesh Jhunjhunwala who is known for his interesting investing pattern and his infallible foresight for investing in business has himself given clarification regarding…
Delhi HC rejects plea against order on LIC’s 51% stake acquisition in IDBI
On Friday, the Delhi High Court rejected a plea against the order of its single judge on the acquisition move of Life Insurance Corporation (LIC). All India IDBI Officers Association’s…
Raise ₹1,200 crores capital for life insurance company’s license: IRDA to Indiabulls
The Insurance Regulatory and Development Authority (IRDA) has asked Indiabulls to raise a capital of ₹1,200 crores for stepping into the life insurance business amid the NBFC crisis that hurt…
IRDA: ICICI Prudential Life Insurance to take over Sahara Life
ICICI Prudential Life Insurance is taking over the life insurance business portfolio of Sahara India Life Insurance from 31st July 2017, directs IRDA.