India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion September 28, 2023 By Shruti Srivastava and Advait Palepu Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms...
India’s Reliance Hunts for CEO of Jio Financial Services’ Newly Created Insurance Biz August 31, 2023 By Preeti Singh and P R Sanjai Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services...
Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources July 25, 2023 By M. Sriram U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a...
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak June 14, 2023 By M. Sriram Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct...
Indian Tycoon Piramal, TPG Inc. Weigh Selling Stakes in Shriram General: Sources March 28, 2023 By Baiju Kalesh Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people...
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...