Ambani’s Jio in Talks With Allianz for Insurance JVs in India October 23, 2024 By Anto Antony and Stephan Kahl Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance...
Allianz Mulls Ending Decades-Old Bajaj Insurance India JVs October 22, 2024 By Anto Antony and Stephan Kahl Allianz SE is in talks to scrap two Indian joint ventures with Bajaj Finserv Ltd., in a dispute over the...
Indian Tycoon Birla Weighs Selling Insurance Brokerage Unit: Sources December 13, 2022 By Anto Antony Aditya Birla Capital Ltd., controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO December 15, 2021 By Baiju Kalesh and Anto Antony KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for...
India in Lockdown Rushes to Maintain Back Office Functions for Global Businesses March 25, 2020 By Saritha Rai and Anto Antony Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and...
Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure April 13, 2018 By Anto Antony and Archana Chaudhary One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly...
Apax, Carlyle Reported Among Bidders for Indian Insurer Royal Sundaram November 15, 2017 By George Smith Alexander and Anto Antony Apax Partners and Carlyle Group LP are among suitors weighing bids for a stake in Indian insurer Royal Sundaram General...
Indian IPOs Headed for Record Year as Insurers Seek to Raise Funds August 21, 2017 By Anto Antony and George Smith Alexander Indian initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally...
Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax April 20, 2017 By Scott Deveau, Anto Antony and George Smith Alexander Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem...
India’s Bank of Baroda Eyes Sale of Insurer, Asset Management Stakes March 22, 2017 By Anto Antony Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it...