The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Probable reasons that led to failure of the sale process include 24 per cent government stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment, profitability track record of bidders and restriction on bidding by individuals.
The IOA chief had earlier called for an Indian boycott of the 2022 CWG in Birmingham over the axing of shooting from the Games programme due to logistical issues.
Left behind after elections will be the Biharis with their stagnant conditions of poor education, poor health infrastructure, poverty, unemployment, division of society and the aftermath of coronavirus. What will remain is the Bihari tenacity, observes Asmita Bihari.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
With Infosys emerging out of an uncertain phase, the new management, led by CEO & MD Salil Parekh, is trying to catch up with market leaders, with the new strategy in place.
Another MLA Rekha Arya, who was also supposed to join the BJP on Wednesday, is visiting the Simhasth Kumbh in Ujjain, but has sent her acceptance to the party.
'India needs to closely monitor the discussions at the UNSC and make counter-measures as this touches its core interests', points out Srikanth Kondapalli.
Modi's hardline policy towards Pakistan and J&K has created numerous leverages and bargaining positions that New Delhi can bring to the bargaining table and translate into concessions, argues Ajai Shukla.
The accent on 'making the south feel wanted' was the reason why P Muralidhar Rao, who was dropped as general secretary, was partially reinstated in the central apparatus as prabhari in charge of Madhya Pradesh. 'Pressure from the RSS was brought to bear on Rao's return,' a source said. Radhika Ramaseshan reports.
What next for #TimesUp after Hollywood's biggest night?
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
The Covid pandemic has left a question mark on how the central government manages its staff.
Ambassador T P Sreenivasan bids adieu to an unusual human being who passed away into ages on Saturday.
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
The company divests from properties abroad to focus on its key markets.
Sheela Bhatt drives from New Delhi to Agra and Firozabad to capture the stories of an India under lockdown.
Few Harvard graduates are changing the way we teach students.
'Whether she will remain CPP chairperson or not, that she will decide.'
Samsung is betting on core capabilities like R&D to stay prepared for the new wave of technologies like 5G and IoT (internet of things).
She has been losing her party's core voters since the 2007 assembly polls, whereas the Samajwadi Party has managed to keep its flock together. The BJP believes she is a soft target.
When Nitin Gadkari was president of the Bharatiya Janata Party, the party had announced it would set up a separate ministry for handlooms and handicraft. Instead of doing that, the BJP government has abolished the only institution that took into account the voice of the weavers.
The Pampore attack 'has the stamp of LeT written all over it.'
'They are exactly like the so-called fidayeen of the 1999-2003 phase, when J&K witnessed a surge in suicide attacks on various important garrisons,' says Lieutenant General Syed Ata Hasnain (retd), who served as the General Officer Commanding 15 Corps in Kashmir.
News of all that's transpired on and off the football field
For the residents of Navjivan Society, central Mumbai, the Ganpati festival gets everyone, regardless of religion, out of the privacy of their drawing rooms, for a community celebration, wearing their best clothes and best smiles.
Modi should bluntly ask Chinese President Xi Jinping why he was willing to put his neck in the Pakistani noose, ignoring all that is known of Pakistan's perfidy, says B S Raghavan.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
As Fahadh Faasil turns 39 on August 8, Subhash K Jha looks back at his favourite films featuring the brilliant actor.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
The logic behind the BJP targeting Mayawati's votes.
Mumbai's 45 mohalla committees and the many voluntary groups working to bring communities together in the city can be counted upon to do their utmost to stop riots.
Foreign Secretary S Jaishankar and his Pakistani counterpart Aizaz Ahmed Chaudhry met for nearly 90 minutes, during which sticky issues -- including probe into Pathankot terror attack, 26/11 trial and Samjhauta Express blast investigations -- figured.
'We're paying them nothing because that's what they've done to help us. Nothing'
Samajwadi Party and the Nationalist Congress Party on Monday announced entering into alliance for the coming Bihar assembly elections and claimed they were in talks with some other anti-BJP and anti-Congress regional parties.
The Hyderabad-born Nadella says it's not the AI engine, but the teams that build it as well as the algorithms to make it intelligent have to be diverse and inclusive, so that the solutions they build do not show up any sort of 'unconscious bias' that they may have.
Master tailors, textile manufacturers and custom clothiers, however, say the upcoming festive season, reinvention in the form of new collections and digital outreach are salvaging the situation somewhat.
Desolate streets with security personnel and a communications lockdown has left the Valley cut off from the world.
India is in favourable position to attract foreign firms planning to relocate their manufacturing bases due to trade tension between the US and China, says Nomura.
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