National Insurance-company

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National Insurance-company - Total results - 9
Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms
Business

Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms

The Budget for 2018-19 had proposed the merger of three public sector general insurance companies and subsequent listing of the merged entity on stock exchanges.

Govt mulls merger of state-owned general insurance companies with New India Assurance to create synergy
Business

Govt mulls merger of state-owned general insurance companies with New India Assurance to create synergy

The idea is to fast track stake sale in the public sector general insurance companies, which has been pending for the past two years, sources said

Govt plans to merge all four state-run insurers to form single, mega entity under New India Assurance Co
Business

Govt plans to merge all four state-run insurers to form single, mega entity under New India Assurance Co

The government is reportedly planning to form a single, mega entity by merging all four state-run insurers - New India, Oriental National, United India and New India Assurance

Govt approves pension option for over 42,000 employees of public sector insurance companies
Business

Govt approves pension option for over 42,000 employees of public sector insurance companies

The pension benefit is applicable to those who have joined any of the Public Sector Insurance Companies (PSICs) on or before 28 June, 1995

Merger of 3 PSU general insurers to be complete by FY20; combined entity to be largest non-life insurance company in country
Business

Merger of 3 PSU general insurers to be complete by FY20; combined entity to be largest non-life insurance company in country

The merger of National Insurance Company, United India Insurance Company and Oriental India Insurance Company was first announced in the Budget 2018-19

Three public sector general insurance companies to meet on Friday to discuss merger
Business

Three public sector general insurance companies to meet on Friday to discuss merger

The three public sector general insurance companies will be meeting on 16 February to deliberate on the proposed merger plan, a top official of United India Insurance said

New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow
Business

New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow

The offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.

 Cabinet nod for hiking foreign investment to 62% in Axis Bank
Investing

Cabinet nod for hiking foreign investment to 62% in Axis Bank

The approval would result in foreign investment of about Rs 7,250 crore in the country, a statement said.

HCL Signs End-To-End IT Services Engagement With NIC
Biztech

HCL Signs End-To-End IT Services Engagement With NIC

The engagement will cover business process re-engineering, application blueprinting and roll out of 19 applications, systems integration and management services across the data centre and network.