US biz body hails passage of Insurance Bill in India

Last Updated: Friday, March 13, 2015, 07:08

A leading business body in the US has hailed passage of the Insurance Laws (Amendment) Bill in India that raises the FDI cap to 49 percent, saying such a legislation would promote investment, create jobs and increase financial stability.

Insurers eye billions of dollars as Par clears Bill

Last Updated: Thursday, March 12, 2015, 22:38

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

Govt expects Rs 25,000 cr foreign investment in insurance sector

Last Updated: Thursday, March 12, 2015, 22:08

Foreign capital to the tune of Rs 25,000 crore is likely to flow into the insurance sector, with Parliament approving hike in foreign investment cap to 49 percent, Minister of State for Finance Jayant Sinha said Thursday.

AXA will step up investment to 49%: Bharti

Last Updated: Thursday, March 12, 2015, 21:58

Following Parliament's passing the Insurance Bill, Bharti Enterprises Thursday said its foreign partner AXA will step up equity investment to 49 percent in the joint venture.

Insurance Bill passage to boost foreign investment: Industry

Last Updated: Thursday, March 12, 2015, 21:54

Industry chambers Thursday hailed the passage of the Insurance Bill in Parliament, saying this long-awaited reform will mark a new beginning in the insurance sector and pave the way for higher foreign investment.

R-Cap to begin talks with foreign partners for insurance biz

Last Updated: Thursday, March 12, 2015, 21:05

Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital Thursday said it would soon begin talks with foreign partners for its insurance ventures.

Govt invokes Sachin, Kohli to bat for Insurance Bill in RS

Last Updated: Thursday, March 12, 2015, 21:03

Government Thursday invoked names of cricket icons Sachin Tendulkar and Virat Kohli to bat in the Rajya Sabha for Insurance Bill, which provides for raising the foreign investment cap to 49 percent from 26 percent.

Parliament approves long-pending Insurance Bill

Last Updated: Thursday, March 12, 2015, 20:33

The controversial Insurance Laws (Amendment) Bill, 2015, which replaced an ordinance promulgated in December last, was passed by voice vote after walkout by Trinamool Congress and DMK.

Sensex rebounds 271 pts on insurance bill hopes, IMF upgrade

Last Updated: Thursday, March 12, 2015, 17:10

Rebounding from one-month lows, stocks Thursday rose for the first time in four sessions with benchmark Sensex closing over 271 points higher at 28,930.41 powered by a spurt in bluechips on hopes Parliament would pass a bill hiking foreign investment limits in insurance sector.

Financial stocks gain on insurance bill hopes

Last Updated: Thursday, March 12, 2015, 13:07

Hopes of increase in insurance FDI today pushed the share prices higher for the companies with interest in the insurance sector, with Max India leading the charts with over 11 percent gains.