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Agriculture And Allied Industries

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LIC plans Rs 130-bn capital injection in IDBI Bank; Irdai may ease 15% rule

Mumbai: Insurance Regulatory and Development Authority of India (IRDAI), India's insurance regulatory body, is expected to soon approve purchase of a considerable stake in IDBI...

June 29, 2018

Life insurers log in 4.6% growth in new premium income in Apr

Mumbai: New premium income of the life insurance industry grew 4.6 per cent year-on-year to Rs 7,280 crore (US$ 1.08 billion) in April 2018, supported by new individual premium inc...

May 14, 2018

Blackstone, Warburg vie for Max Financial stake

Mumbai: Blackstone group LP and Warburg Pincus Llc, two major global private equity firms are in talks to acquire a minority stake in Max Financial Services Ltd.


May 10, 2018

Cabinet approves doubling of investment limit for senior citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY)

New Delhi: Investment limit for senior citizens under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) has been increased from Rs 750,000 (US$ 11,250.5) to Rs 1.5 million (US$ 22,501)...

May 03, 2018

121 crores released towards Government of India co-contribution in Atal Pension Yojana (APY); Total number of subscribers registered under APY as on 12th April 2018 has crossed 97.60 lakhs

New Delhi: The Government of India has released Rs 120.92 crore (US$ 18.43 million) as FY 2016-17 co-contribution to the Atal Pension Yojana (APY) and the subscriber base under the...

April 17, 2018

KKR, Standard Chartered may invest in Max Life to fund acquisition plans

Mumbai: Max Financial Services is going to raise Rs 5,000 crore (US$ 769.98 million) from KKR Capital Markets India, Standard Chartered Bank, TPG Global LLC and other co-investors ...

April 10, 2018

Number of enrolments in PMSBY increase from 8.85 crore in the year 2015-16 to 13.41 crore in 2017-18

New Delhi: The number of enrolments under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) through auto-debit has reached 134.1 million in 2017-18 from 80.85 million in 2015-16, acc...

March 28, 2018

'Rs 1 trn investment needed to augment MRTS by 2030'

Kolkata: India will require Rs 1 trillion (US$ 15.39 billion) towards augmenting its mass rapid transport systems (MRTS) by 2030, according to Mr Rakesh Ranjan, NITI Aayog advisor....

March 14, 2018
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