Standard Life shuts Singapore insurance business

Last Updated: Thursday, June 25, 2015, 13:41

The closure will generate a non-operating loss of around 45 million pounds ($70.56 million), Standard Life said in a statement.

Jubilant Life shares gain over 2% at close

Last Updated: Wednesday, June 17, 2015, 17:39

Trimming most of its initial gains on profit-booking, shares of Jubilant Life Sciences ended over 2 percent higher on Wednesday.

FDA upgrades Jubilant Life's US plant status

Last Updated: Friday, June 12, 2015, 14:24

This upgradation by the USFDA from Official Action Indicated (OAI) to VAI is "indicative of the current good manufacturing practice (cGMP) status at the facility" since receiving the warning letter in 2013, the drug maker added.

LIC picks up additional 2% stake in Yes Bank

Last Updated: Wednesday, June 10, 2015, 19:04

Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.

Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO

Last Updated: Wednesday, June 10, 2015, 16:54

The company is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings.

Bangladesh offers 2 SEZs to Indian companies

Last Updated: Sunday, June 7, 2015, 17:48

India will develop the economic zone near the government-sponsored one in Mongla, which is now under construction, Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, told The Daily Star.

CCI clears AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 13:41

AXA is the first foreign partner to increase its stake in a domestic insurance company after the government had approved up to 49 percent FDI in insurance sector in March, compared to 26 percent earlier.

CCI approves AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 00:11

Fair trade regulator CCI Wednesday approved European financial services giant AXA's proposal to hike its stake from 26 percent to 49 percent in its two insurance ventures with Sunil Mittal led Bharti Group, Bharti AXA Life Insurance and Bharti AXA General Insurance.

Swiss Re aims to grow its India business by 25% by year-end

Last Updated: Wednesday, May 27, 2015, 22:37

World's second-largest reinsurer Swiss Re aims to grow its business in the country and other parts of Asia, including China and Indonesia, by 25 percent by 2015-end.

LIC raises stake in Canara Bank, BoB

Last Updated: Tuesday, May 26, 2015, 20:40

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.