Primarily trained for a career in FMCG, he shifted to insurance when the opportunity came his way.
A person familiar with the matter said the deal could be finalised in a month.
Birla takes over as chairman after his group increased its stake to 51 per cent in November 2012 from the earlier 50 per cent.
The move comes after RBS failed to close a deal involving sale of its India retail assets to Hongkong and Shanghai Banking Corporation.
The sale will help the government to meet disinvestment target.
In an interview with Business Standard, Sebi Chairman U K Sinha discusses investment advisory rules and how regulators are coming together to resolve issues.
Lower returns seen drying up investor demand this financial year
Average salary of the 100 best-paid directors is 1% of their companies' net profit.
Puts in checks to reach customers before and after selling the policy.
Regulator fears the insurer may get away without making an open offer.
Thomas Mathew T, managing director, tells Manojit Saha and M Saraswathy about the LIC's strategy and growth plans.
As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
The consumer goods segment faces an uphill task of retaining investor interest in the near future as valuations become expensive.
Tata AIA Life Insurance has 13 people at the senior vice-president level.
The rising spends on credit cards, increase in sale of third-party products and surge in consumer loan demand have allowed banks to limit the impact of slowdown in corporate fee income.
Will offer lower rates on home loans till end of 2012.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
Bengal minister says Mamata's pullout from UPA will not hit capital flow.
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