Walmart Pumps $200M Into India’s PhonePe, to Build Insurance, Wealth Businesses March 17, 2023 Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc. at a...
Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business February 14, 2023 By Saritha Rai Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually...
India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources February 13, 2023 By Baiju Kalesh, Preeti Singh and Manuel Baigorri Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit,...
India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns January 31, 2023 By M. Sriram Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after...
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...
India’s Reliance Industries to Create Financial Services Unit for Its Consumer Businesses October 24, 2022 By P R Sanjai and Dhwani Pandya Reliance Industries Ltd., will create a financial services unit to feed its consumer businesses that are contributing an increasing share...
India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources September 30, 2022 By M. Sriram and Aditya Kalra India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company...
Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog September 20, 2022 Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO)...
Fire at E-scooter Showroom in India Kills 8, Adding to Vehicles’ Safety Concerns September 15, 2022 MUMBAI – A fire that started at an electric scooter showroom in India killed at least eight people and injured...
India’s LIC Loses $17 Billion in Market Value After IPO June 14, 2022 By John Cheng and Ashutosh Joshi An eye-popping $17 billion wipeout in market value has made Life Insurance Corp. of India one of the biggest wealth...