May 10, 2015 3:37 am
The new Insurance Act allows entry of branch operations of foreign reinsurance giants and 49 % foreign equity in place. As a result, global reinsurers who were so far operating through their service companies will be setting up their full-fledged India operations soon
January 14, 2015 1:22 am
Industry calls for clarification from regulator on issue.
November 29, 2013 12:53 am
As per norms,NBFC cannot hold more than 50 per cent of paid-up capital of an insurance venture.
August 26, 2011 12:56 am
Indian promoters of insurance firms will not have to wait for completing 10 years to divest their holding and can now scale down their equity stake up to 26 per cent.
August 25, 2011 3:43 pm
Govt's move may pave the way for Reliance Life to sell a 26 per cent stake to Nippon of Japan.