The board of directors met on Wednesday and approved Rahul Khosla as MD, effective August 18.
Warburg Pincus group and associates are making an open offer to the shareholders of Max India Ltd to acquire additional 20 per cent stake in the company for Rs 200 per share payable in cash.
All shares owned by Max group promoters shifted to two trusts
Bharti Tele Ventures Ltd has informed the Bombay Stock Exchange that Bharti Infotel Ltd, a wholly owned subsidiary of the company has signed an agreement with Max India to acquire 100 per cent equity stake in Comsat Max, a leading provider of VSAT an
Analjit to guard stake by pumping in money.
The total investment in the three farms of Leeu Estates is said to be $35 million.
Max India Ltd will allot 1 crore (10 million) equity shares of Rs 10 each, representing 29.17 per cent of the share capital, to Parkville Holdings Ltd, a member of the Warburg Pincus Group for a consideration of Rs 200 crore (Rs 2000 million).
In the largest foreign investment in life insurance after the Reliance-Nippon deal last year, Japan's Mitsui Sumitomo (a unit of MS&AD Insurance Group Holdings) will buy 26 per cent stake in Max New York Life (MYNL) for Rs 2,731 crore (Rs 27.31 billion).
Max Group founder and chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful". Singh has said he will contest these allegations in the NCLT hearing. "Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice," said a statement put on BSE by Max quoting Analjit Singh.
It takes only two hours - roughly the time it takes for a plane to fly from Delhi to Mumbai - for a pair of pilots to complete their training on the 737 MAX simulator at Boeing's centre in Noida, the only one of its kind in India. Going by this estimate, all the 90 Spicejet pilots who the civil aviation regulator barred from flying the 737 MAX can be retrained in 90 hours.
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Max Bupa, standalone private health insurer, is a joint venture between Max India (with 74 per cent stake) and UK-based global healthcare group Bupa (26 per cent).
The appointment is effective from February 16, 2012, following formal approval from the Board of Vodafone India.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
Experts said many firms had unbilled assets on their books.
Insurance stocks gain after parliament passes bill to hike FII limit.
Existing investors should not make any drastic changes in their portfolio at the onset of elections, say experts.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Max India on Monday said it would completely exit from the telecom business by divesting its meagre stake of about two per cent in the cellular operator Hutchison India to raise funds for its healthcare and insurance services.
Four years after setting up a "home away from home" in the Franschhoek winelands of Cape Town, he is increasing his investments in the hospitality sector in South Africa.
Acclaimed Telugu filmmaker Deva Katta is ready with his third project.
Eric Pickles, Former Prime Minister of Sweden and Co-Chair of the World Commission on Forests and Sustainable Development, presented the award at the third 'Global Conference on Sustainability' in London on Thursday night.
Many other companies have expressed intent of diluting stakes.
Top HR minds in India, including Santrupt Misra of Aditya Birla Group, Satish Pradhan of Tata Sons, P Dwarakanath of Max India, Aquil Busrai (ex-IBM India) and Price Augustine of Mahindra & Mahindra and Pankaj Bansal of People Strong were among those who brainstormed with Maruti Suzuki India chief operating officer (administration) S Y Siddiqui last week.
Telugu actress Isha Chawla talks about her new film.
Vodafone Plc's trusted ally, Analjit Singh of Max India, has been appointed non-executive chairman of its India operations. He talks about the backdrop of the two recent Supreme Court verdicts.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
Max India founder and chairman Analjit Singh is in talks with four foreign universities to set up a medical college in the country.
Max India Ltd plans to acquire 49 per cent shares of Cosmat Max held by Cosmat Investments Inc, Mauritius.
Former managing director of Vodafone Essar, Asim Ghosh, is in talks with Max India founder and chairman Analjit Singh to sell his 2.39 per cent stake in the mobile phone operator. Ghosh holds the stake in Vodafone Essar indirectly, through various holding companies. Analjit Singh was the original promoter of the company.
The interesting find was how people perceive health insurance in India. It is seen as an instrument to protect savings.
According to Sud, MYNL had sold most of its holding in Satyam immediately after the IT major made an aborted bid to acquire Maytas Infra and Maytas Properties for $1.6 billion on December 16, 2008. MYNL still holds 6,000 equity shares of Satyam.
With the Insurance Laws (Amendment) Bill awaiting Parliamentary approval, Max India, Analjit Singh's flagship company, has started discussions on divesting 23 per cent out of its 74 per cent shareholding in Max New York Life Insurance to its foreign partner.
A CII delegation, led by Confederation of Indian Industry president and Bharti Enterprises CEO Sunil Bharti Mittal, called on US Democratic presidential candidate Senator Hillary Rodham Clinton at the Capitol Hill in Washington, DC on Wednesday.
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