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3 mins read

Axis Bank to buy 29% stake in Max Life for Rs 1,592 crore

The deal, which comes during bleak economic times as the country grapples with the impact of COVID…

PTI   


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5 mins read

ICICI Bank's share price is expected to surge as much as 34% in the coming year — despite having more loans under moratorium than other lenders

India’s financial sector may look shrouded in gloom-and-doom, but India’s second-largest private le…

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2 mins read

IndusInd Bank's share price jumps over 2% after US investor plans to double its stake

IndusInd bank’s share price jumped by over 2% in afternoon trade on July 24 after it announced that…

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1 min read

IRDAI approves 51 per cent stake acquisition in Max Bupa Health Insurance by True North

New Delhi, Dec 3 () Max India on Tuesday said the Insurance Regulatory and Development Authority of…

PTI   


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Axis Bank, Max Financial Services gain on stake deal

"This is an outcome of the inter-se discussions after the three companies had signed a confidential…

PTI   


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Top stock movers — Future Enterprises, HAL, Suntek, Oberoi Realty, M&M, ICICI Bank, Maruti Suzuki, Bajaj Auto and more

Indian benchmark stock index, Sensex advanced over 175 points in early trade on Thursday, led by fi…

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2 mins read

The IPO from India's largest asset management company UTI AMC is ready to hit the street

The public offer is expected to raise a little over Rs 3,000 crore, market sources said. …

PTI   


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2 mins read

Govt to focus on strategic stake sales to meet disinvestment target: DIPAM Secretary

"Many of our strategic transactions are going on and moving forward. There was little bit of disru…

PTI   


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SBI piles on profit and provision with cash from selling stake in insurance business⁠— bad loans drop

India’s largest lender, the State Bank of India (SBI) continues to soar through the green with a 81…

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13 mins read

Regulators open probes, Warren Buffett dumps stock as claims of abuse and fraud mount against a top Globe Life agency

After an Insider investigation, three more women have come forward claiming sexual assault or coerc…

Susan Antilla   


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1 min read

Japan's Mitsui Sumitomo to acquire 21.87 pc stake in Max Financial in share swap deal

"We value MSI as our long term partners in the life insurance business and we are confident that t…

PTI   


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1 min read

Union Bank plans to lower stake in IndiaFirst Life to less than 10 pc

Last year, Andhra Bank had initiated the process for selling its part or full stake in the insuran…

PTI   


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1 min read

SBI sheds 2.1pc stake in SBI Life via OFS to comply with shareholding norms

"We, State Bank of India (seller) as one of the promoters of SBI Life Insurance Company Ltd (targe…

PTI   


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2 mins read

Paytm’s insurance arm raises ₹920 crore from Swiss Re ahead of its ₹18,300 crore IPO

Paytm Insuretech Private Limited — the insurance business of initial public offering (IPO)-bound On…

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1 min read

Nippon buys additional stakes in Reliance Capital

“We thank the regulators, the CCI and EPFO, for their approval for this transaction that will help …

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2 mins read

ICICI to sell 6% stake in life insurance JV to Premji Invest, Temasek arm for Rs 1,950 crore

The deal values the company at Rs 32,500 crore, which makes it the most valuable private sector ins…

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3 mins read

The Indian government is moving ahead with a plan to create a mega-insurer with a 35% market share

The idea behind the consolidation is to make all three firms stop competing with each other and…

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8 mins read

Income tax cuts, stake sale in LIC and other highlights from Finance Minister Nirmala Sitharaman's budget speech

Finance Nirmala Sitharaman presented her second annual budget speech. The top highlights from the b…

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5 mins read

Here are the top insurance plans with the cheapest premiums that you can avail

With the coronavirus pandemic, the need for insurance has only become higher. From e-commerce firms…

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16 mins read

Insurance Cover: Which Term Plan Is For You ?

Insurance cos are offering variants of term plans and have crafted innovations that suit various cu…

Economic Times