IRDAI Approves Merger of Exide Life into HDFC Life
Insurance regulator Irdai has given final approval to HDFC Life Insurance Company Ltd (HDFC Life) to incorporate Exide Life into the company. In January this...
Tag : IRDAI
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
HDFC Bank to Buy Nearly 10% Stake in Go Digit
HDFC Bank, the country’s largest private sector lender, said on Thursday it will buy a 9.94% stake in Go Digit Life Insurance Ltd. HDFC Bank...
Digit Insurance Files Draft Documents for Rs 5,000 Crore IPO
Digit Insurance, backed by Canadian billionaire Prem Watsa, has filed draft documents for an initial public offering (IPO). According to the filing, the company is...
Rajya Sabha Passes Bill to Hike FDI in Insurance Sector to 74%
A bill to increase the foreign direct investment limit in the insurance sector to 74 per cent from the current 49 per cent was approved...
FM Sitharaman Proposes to Increase FDI Limit in Insurance to 74%
The Government has finally paved the wave for a higher inflow of capital in the insurance sector. Finance Minister Nirmala Sitharaman, presenting the Union Budget 2021,...
Vodafone Cuts Target Price as Vodafone Idea Falls by 4%
Shares of the telecom major Vodafone Idea lost shares over 4 percent in intraday after global research firm CLSA initiated a sell rating on the...
LIC's Stake Reduction In IDBI Bank Sought By IRDAI
On Monday, IRDAI has sought a proposal from LIC for combining its shareholding with a recently acquired controlling stake in IDBI Bank Ltd. According to...
Former IRDAI Chief Appointed As Additional Director By YES Bank
The former IRDAI and LIC chief, TS Vijayan, has been appointed as Additional Director (Independent) in the YES Bank’s board. The private sector lender released...
Acko receives final license from IRDAI
Acko General Insurance, has received the R3 application and has been granted certificate of registration by Insurance Regulatory and Development Authority of India(IRDAI). It will be...