India market News

Generali Global Corporate & Commercial Enters Launches Business Unit in India

Generali Group has launched a new business unit – Global Corporate & Commercial (GC&C) India – within its joint-venture company Future Generali India Insurance. The moves further strengthens Generali’s presence in India’s rapidly growing corporate and commercial insurance segment, the …

Probe Into EY India’s Office After Worker’s Death Finds it Lacked Labor Welfare Permit

An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters. EY …

HDFC Bank’s $40B Bid to Buy Shareholder May Face India Reg Hurdles on Insurance Ops

India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said. Sources told Reuters last year that the Reserve …