India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources January 12, 2022 By Vrishti Beniwal and Suvashree Ghosh India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected...
Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January January 11, 2022 By Vrishti Beniwal, Baiju Kalesh and Suvashree Ghosh Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the...
Marsh Increases Shareholding in Marsh India from 49% to 92% December 27, 2021 Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to...
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’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits November 18, 2021 By Nupur Anand and Sankalp Phartiyal MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning...
India Shuts 5 Coal-Fired Power Plants to Combat Air Pollution in New Delhi November 17, 2021 By Neha Arora and Mayank Bhardwaj NEW DELHI—India has temporarily shut down five coal-fired power plants around the capital New Delhi as part of its drive...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part. November 16, 2021 By Saritha Rai Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO....
Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors November 15, 2021 By Vishwadha Chander, Chris Thomas and Sankalp Phartiyal BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday,...
Willis Towers Watson Agrees to Acquire Remaining 51% Stake in WTW India November 3, 2021 Insurance broker Willis Towers Watson announced the signing of an agreement to acquire the remaining 51% shares from Anemone Holdings...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...