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
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
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
Paramount Airways Private Limited availed various credit facilities from five nationalised banks on the basis of credit insurance policies issued by Oriental Insurance Company Limited, the agency said.
Insurance companies expect claims in flood-ravaged Kerala to cross Rs 1,000 crore as the government declares the deluge as 'calamity of severe nature'.
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
The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi gave 'in principle' nod for listing five government owned General Insurance Companies -- New India Assurance Company, United India Insurance, Oriental Insurance Company, National Insurance Company and General Insurance Corporation of India