ICICI Bank to raise stake in asset management arm by up to 2%

Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. Photograph: Francis......

M&M, Manulife to form life insurance JV with 7,200 crore investment

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a......

UK's Prudential sets up offshore unit

Prudential plc UK, a life and pension provider with around seven million customers, has set up its fully owned subsidiary called Prudential Process Management Services in India with an investment......

AIG rejects Prudential's revised offer

In a setback to Prudential Plc's efforts to bolster its Asia presence, American International Group today rejected the British insurer's reduced $30.38 billion takeover bid for AIG's Asian life......