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PINGAN INSURANCE
Global Market | Chinese bank stocks outperform on prospects of eased shareholder rulesChinese banking stocks showed resilience as regulators consider relaxing shareholder restrictions, potentially allowing investors to hold m...
HSBC defeats proposal to split bankShareholders voted overwhelmingly to reject the move, in line with the Asia-focused lender's recommendation, the group said at its annual g...
LIC 3rd largest globally, but offers highest RoE of 82%, says Crisil reportWhile for LIC the market share has been steadily declining--down from 100 per cent in the pre-2000 era to 71.8 per cent in 2016 and further...
CarDekho enters unicorn club with $250 million funding led by Leapfrog InvestmentsThe round includes $200 million Series E equity and $50 million as debt in its pre-IPO round, sources in the know told ET.
IL&FS sells Chinese expressway stake to address Rs 2,600 crore debtThe stake is sold to China Merchants and Pingan Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd, a fund jointly owned by Pin...
IL&FS sells Chinese road assets, cuts Rs 2.6k cr debtThis is the largest transaction for IL&FS since the sale of its wind energy assets to Orix.
IL&FS gets approval to sell China road assetIL&FS Group has received Justice (Retd) D.K. Jain's approval for sale of its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC) t...
IL&FS to sell Chinese road asset for Rs 2074 croreIL&FS owns 49% in the asset through a Singapore subsidiary ITNL International Pvt Ltd (IIPL) while Chongqing Expressway Group held the bala...
When Mobikwik shifted focus to competitive space of wealth managementIt’s the one that lost that critical first-mover advantage. MobiKwik ceded ground to later rivals in digital payments and is now turning it...
PolicyBazaar looks for cover in SoftBank’s healthy startup listFirm planning to work with China’s Ping An Insurance Group as a model for DocPrime.
- HSBC says no plan to buy major stake in top Chinese bank
HSBC dismissed a report that it planned a major investment in one of China's top three lenders, saying it was comfortable with its 19 per c...
- China orders finance executives to cut pay
China's government said executives of its state-owned banks and insurers are paid too much and ordered them to cut their salaries to promot...
- Chinese insurer to record $2.3 bn loss on Fortis
Ping An Insurance Co., one of China's biggest insurers, said Monday it will record a $2.3 billion loss on its stake in troubled European ba...
- China's Ping An to take $2.3 bn loss on Fortis
Ping An Insurance said on Sunday that it would report a loss of about 15.7 billion yuan ($2.3 billion) on its investment in troubled Europe...
- Fortis breaks off two deals, makes a third
Fortis NV announced a series of moves late Tuesday and early Wednesday that follow from the euro11.2 billion (US$16.4 billion) government b...
- Fortis not to complete Chinese deal
Fortis NV said Tuesday that it would not complete a deal with a Chinese insurer that had planned to buy half of the Belgian-Dutch bank's as...
- Generali pulls out as RBS Insurance deadline nears
Italy's Generali dropped out of the running for Royal Bank of Scotland's insurance arm on Wednesday, hours ahead of a first bid deadline, p...
- Chinese shares slightly higher in morning trade
China share prices were slightly higher in Friday morning trade as sentiment improved after Ping An Insurance held off its massive refinanc...
- Chinese insurer Ping An to raise $22 bn for acquisitions
A major Chinese insurer has announced plans to raise up to $22 billion for acquisitions at a time when US and European banks, battered by m...
- Chinese insurer acquires 4.2% in Fortis for $2.7 bn
China’s state-owned companies spent almost $17 billion on overseas financial purchases in 2007, buying stakes in Barclays, Bear Stearns, Bl...