His comments came as the insurance sector discusses a major reform push, which he described as a long-awaited initiative that would amend provisions of the Insurance Act, the LIC Act and IRDAI Act.

LIC also has maximum exposure to power generation and distribution companies, accounting for more than half of its investment ...

LIC CEO R. Doraiswamy called the proposed Insurance Bill a landmark reform to boost insurance coverage and support “insurance ...

Fairfax has moved ahead in the race to buy a majority stake in IDBI Bank, with Kotak Mahindra Bank still in the fray as the ...

MUMBAI: The government’s three-year wait to exit IDBI Bank may bear fruition soon with the Toronto-based NRI businessman Prem ...

The Centre and LIC together plan to offload a 60.72 per cent stake in the lender, valued at close to 7 billion dollars at ...

IDBI Bank shares rose over 4% as Fairfax Financial and Kotak Mahindra Bank are set to bid for a majority stake. The ...

Opening the insurance sector fully to foreign ownership may bring in more investment—but it won’t be a silver bullet. For ...

Insurance stocks may remain in focus as the government moves to introduce the Sabka Bima Sabki Raksha Bill in Parliament. The ...

Fairfax Financial, which was founded by Indian-Canadian billionaire Prem Watsa, is considering an all-cash offer matching IDBI's current market value, the Economic Times reported.

Indian equities ended lower on Tuesday, with the Sensex and Nifty extending their decline for a second straight session, as ...

The Sabko Bima Sabko Raksha Bill 2025 raises FDI in insurance to 100 percent, boosts IRDAI powers, eases LIC expansion, and ...