India News
India Further Opens Its Insurance Sector to Foreigners
India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation ...
India Proposes Further Insurance Company Ownership Limits for Banks
India's central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with ...
India’s Insurers Poised to Attract Western Investment After Rule Changes
The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country's insurance industry, a move that could attract inflows from U.S. and European ...
Aon Buys Stake in India-Based Broker
Insurer broker Aon has acquired a 49 percent equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending ...
Amazon Adds Insurance and Gold to Financial Service Offerings in India
Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground ...
India Mulls More Relaxing of Foreign Investment Rules for Insurance, Other Sectors
The Indian government on Friday said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia's third-largest economy a more ...
Generali Nearly Doubles Investment in Indian Insurance Joint Venture
Generali Group has finalized plans to nearly double the stake in its Indian insurance joint venture with Future Group. Its investment will jump from 25.5 percent to 49 percent, representing a ...
India’s Tata Group Sees Growth Opportunities in Insurance and Finance
The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India's largest conglomerate looks to sharpen its focus on about half a dozen ...