Life Insurance Corporation and UTI Mutual Fund are in the fray for entering the lucrative pension business, which is slated to grow to Rs 50,000 crore (Rs 500 billion) by 2010.
UBI says banking sector to perform well
Union Bank of India has tied up with HDFC Standard Life Insurance Company Ltd to provide bank depositors an insurance cover under group policy with a target to bring in 50,000 customers under risk cover by March.
Birla Sun Life Mutual Fund, which manages assets over Rs 9,000 crore (Rs 90 billion), is eyeing acquisition and targets to grow by over 30 per cent this fiscal.
Even after the split, UTI Mutual Fund continues to hold the largest market share of 14.47 per cent closely followed by ICICI Prudential, HDFC Standard Life and Templeton in the over Rs 1,00,000 crore (Rs 1,000 billion) industry.
Bharti will move FIPB soon for increasing Axa's stake to 49%
The total income during the period rose to Rs 8,482.85 crore (Rs 84.82 billion), from Rs 7,388.51 crore (Rs 73.88 billion) in the same period a year ago.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
HDFC Life has a balance between traditional policies and Ulips
'A lot of married people are not happy with their partners, so how does a marriage decide happiness? Our family wants us to be happy and successful, and marriage doesn't fit anywhere.'
Banks bore the brunt of the sell-off.
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
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
A two-year extension at the helm of the RBI still looks a real possibility
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Buying an insurance policy? Claim Settlement Ratio helps you find out the chance that your claim will be settled and how soon it will be setled.
The one common theme across companies that have rewarded shareholders is consumption.
A sensible investor who is always invested will get high returns over the long term.
Bupa and Axa have already declared their intention to raise stakes.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
They believe that long-term story is intact.
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