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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.

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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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