Amazon Enters India Wealth Management with Investment in Smallcase Technologies August 18, 2021 By Saritha Rai Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech...
Indian Insurance Startup Policybazaar Files for $810M IPO August 2, 2021 BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion...
Mega IPO Planned for India’s Biggest Insurer July 14, 2021 By Vrishti Beniwal and Suvashree Ghosh India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead...
Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank July 2, 2021 By Suvashree Ghosh India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round July 2, 2021 By Saritha Rai Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort...
Gallagher Acquires 100% Stake in India’s Edelweiss Gallagher Insurance Brokers July 2, 2021 Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial...
Ford Halts Production at Southern India Plant as COVID-19 Cases Surge May 28, 2021 By Sudarshan Varadhan CHENNAI – Ford Motor Co. said it will halt production at its car plant in India’s southern state of Tamil...
Renault-Nissan Shuts South India Plant Until May 30 on COVID Safety Concerns May 26, 2021 By Sudarshan Varadhan and Aditi Shah CHENNAI – Automaker Renault-Nissan will shut its plant in India’s southern Tamil Nadu state until May 30, according to an...
Renault-Nissan, Hyundai Face Factory Closures in India over Workers’ COVID-19 Fears May 25, 2021 By Sudarshan Varadhan CHENNAI, India – Automakers Renault, its alliance partner Nissan Motor Co. and Hyundai Motor Co. face temporary factory closures in...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value May 12, 2021 By Baiju Kalesh Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than...