IRDAI

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General

14 June, 2024

Grapevine: LIC eyes health insurers; Ola Electric secures Rs 100-crore debt

Life Insurance Corporation of India (LIC), with assets of over Rs 51 trillion ($0.61 trllion) and a 61.5% market share in ......

Finance

09 April, 2021

Insurers score big win with nod to invest in fund of funds, but conditions apply

The regulator has allowed insurers to invest in fund of funds (FoF) -- with conditions.  For instance, the FoFs they are ......

General

29 September, 2020

Grapevine: Walmart eyes large stake in Tatas super app; Bigbasket to raise funds

Walmart Inc., majority stakeholder in online retailer Flipkart, is looking to take up a large stake in the proposed super ......

Finance

24 July, 2020

Max Financial and Axis Bank agree to tweak insurance deal as regulator turns up heat

Max Financial Services and Axis Bank have agreed to make changes to the value-creation options in their proposed life insurance ......

General

26 June, 2020

Grapevine: GAIL eyes stake in IGX; Axis Bank's proposed Max Life deal under lens

State-owned GAIL (India) Ltd plans to acquire close to 26% stake as a promoter in India’s first natural gas exchange ......

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Finance

20 February, 2019

VC firms Chiratae, Pravega backing yet-to-be-launched insurance venture

Venture capital firms Chiratae Ventures and Pravega Ventures are among investors who are putting money in a company which is ......

Finance

08 June, 2017

Insurance regulator nixes planned merger of HDFC Life, Max Life

Billionaire Analjit Singh-promoted Max Financial Services Ltd and mortgage lender Housing Development Finance Corporation may need to revisit the terms ......

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Finance

31 May, 2017

Merchant banks in a spot as rival insurers plan IPOs

Two merchant banking firms hired by SBI Life Insurance Company to manage its initial public offering appear to be caught ......