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Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.- Street's Nine: Big insurers submit IPO plans to IRDAIThe IRDAI had asked 10 large insurance companies, also including Bajaj Allianz Life, Bajaj Allianz General, Tata AIA, and Tata AIG General ...
- General Insurance Growth Slows to 4.5% in August Amid Slower Auto SalesIndia's general insurance industry grew by 4.5% in August 2024, despite slower new vehicle sales and no motor third-party tariff hike. Stan...
- General insurance growth slows to 4.5% in August amid slower auto salesThe general insurance industry experienced a modest 4.5% growth in August 2024, hindered by slower vehicle sales and no motor third party t...
- HDFC Bank provisioning for bad loans drops 34% YoY; net interest income 14.5% higherIndia’s largest private sector lender reported a net profit of Rs7,730 crore in the corresponding period last year. Analysts polled by Bloo...
- Would higher interest rates impact HDFC’s NIM? Keki Mistry explains“We have adequate provisioning and hopefully with the passage of time, we will see further reduction in stage two and stage three loans and...
- ‘General insurers to recover as Covid cases fall, jabs rise’India’s general insurance sector is set to gradually recover from high loss ratios, which hit the solvency margins of top players in the fi...
- Why legacy insurance brands are logging off from online marketplacesHDFC Ergo recently delisted its products from online insurance aggregators, including Policybazaar. The development isn't an isolated event...
- Individual loan demand strong despite fears of a slowdown: Keki Mistry, HDFCWe have guided the market that we are cautious about growing non-individual loans.
- HDFC buys Apollo Munich Health for Rs 1,347 croreHDFC will acquire 50.8 percent from the Apollo Hospitals group for Rs 1,337 crore
- IndiaFirst Life to sell stake to Warburg PE; board meet todayMumbai based investment bank Ambit Corporate Finance Pvt. Ltd has advised Legal and General Group on the sell out process.
- HDFC in talks to buy Apollo Munich insurance for Rs 1,000 croreApollo Munich is a joint venture between Chennai-based Apollo Hospitals promoted by Prathap C Reddy and his family and Munich Re.
- HDFC board gives green signal to HDFC Life-Max mergerHDFC also said that post-merger its shareholding in HDFC Standard Life would be 42.5% and consequently the insurance firm would cease to be...
- Birth of a giant: HDFC Life will unite with Max Life to become India’s biggest listed life insurer with Rs 50k crore market capThe merger is to be completed in a two-leg transaction where Max Life will first merge with the listed holding company Max Financial Servic...
- HDFC Life's IPO plan put on hold post-merger deal with Max"The IPO plan of HDFC Life has been temporarily put on hold until the due diligence of this deal is done to ascertain whether it will go th...
- HDFC Standard Life IPO likely in H2 of 2016: Keki Mistry"Growth opportunities in India are high because penetration levels of insurance are low."
- HDFC Standard Life IPO likely in second half of 2016: Keki Mistry"We need to go to RBI for approval. Once that's out of the way, we would be able to complete this transaction in the first quarter of 2016."
- Standard Life to raise stake in life insurance company to 35%: Deepak ParekhHDFC Chairman Deepak Parekh today said the Scottish partner in its life insurance arm is keen to hike its stake to 35 per cent from the cur...
- HDFC Life listing only after Standard Life stake hikeA senior official of mortgage lender HDFC said that a decision to list its life insurance arm, HDFC Life, will be taken only after its join...
- HDFC plans to list MF arm by this year-endThe housing finance company has been unlocking value from its various arms, the latest being a Rs 202-crore gain from the sale of its gener...
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