Insurance FDI: AXA to up stake in Bharti JVs for Rs 1,290 crore

Last Updated: Tuesday, May 5, 2015, 20:41

The government has approved French insurance firm AXA raising stake in its life insurance joint venture with Bharti Group to 49 percent for Rs 858.6 crore.

Insurance sector to get lot of foreign investment: Jaitley

Last Updated: Friday, March 20, 2015, 19:24

With the passage of three key economic legislations in Parliament, Finance Minster Arun Jaitley on Friday exuded confidence that the insurance sector is expected to get a lot of foreign investment.

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.

Insurance penetration in India at 3.9%, below world average

Last Updated: Tuesday, March 10, 2015, 18:36

Insurance penetration in India at 3.9 percent was below the world average of 6.3 percent in 2013, Parliament was informed Tuesday.

'FDI insurance rules could have been simpler'

Last Updated: Saturday, February 21, 2015, 12:11

The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.

Up to 26% FDI in insurance allowed via automatic route

Last Updated: Friday, February 20, 2015, 20:53

The government on Friday said up to 26 percent FDI in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment ceiling in the sector to 49 percent.

Insurance sector eyes FDI worth billions in new year

Last Updated: Monday, December 29, 2014, 12:11

Finance Minister Arun Jaitley has expressed hope that hiking of the foreign investment cap in the insurance sector to 49 percent, which has been pending since 2008, will result in capital inflow of USD 6-8 billion.

Par panel to submit report on Insurance Bill on Wednesday

Last Updated: Monday, December 8, 2014, 19:42

"The draft report on the Insurance Bill was adopted by the Select Committee on Monday. We will table it in the Rajya Sabha on December 10," panel chairman Chandan Mitra told PTI.

India-EU FTA talks stuck; insurance could be game spoiler

Last Updated: Wednesday, May 15, 2013, 21:52

Talks between India-EU chief negotiators on FTA Wednesday got stuck with the European bloc making clear that the pact cannot proceed unless the insurance sector was further opened up by New Delhi.

Propsoal to hike FDI insurance: ICEU threatens strike

Last Updated: Wednesday, December 12, 2012, 21:35

Insurance Corporation Employees' Union (ICEU) Wednesday threatened to go on nation-wide strike protesting against the government's proposal to increase foreign direct investments in insurance sector to 49 percent from present 26 percent.

In comes Chidu, up goes Sensex!

Last Updated: Friday, October 12, 2012, 12:55

The lawyer turned politician P Chidambaram just loves to play the market and as always his North Block stint has given Sensex an unusual high. For the record his latest innings that began on July 31, 2012 has evidenced Sensex put up its best performance this year breaching the 19,000 mark on Thursday.

Reforms in India necessary to create competitive economy: IIF

Last Updated: Friday, October 5, 2012, 13:12

The new set of economic reforms announced by India are necessary to create a more competitive economy, Institute of International Finance (IIF) has said, welcoming the UPA Government's decision on opening up more sectors to foreign direct investment.