DAI ICHI LIFE
Union AMC aims to double AUM to Rs 10,000 crore
Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is the co-sponsor of the fund house along with Japan's Dai-ichi Life Holdings.
Bajaj Allianz Life appoints Santanu Banerjee as CHRO
Banerjee will lead the HR function and will be responsible for strategic direction of pe...
Union Bank plans to lower stake in IndiaFirst Life to less than 10%
As per IRDA guidelines, one promoter cannot hold more than 10 per cent st...
Bank of India may Sell 27% in Star Union Dai-ichi Life
A senior executive said the bank is seeking to sell the stake by the end of the financial year.
Exim Bank raises $50 million from pilot social impact bonds
The bank said this is a new fund source tapped by it and has been tapped as a pilot.
Union AMC to provide advisory services to FPI
To begin with, Union Asset Management Company (Union AMC) will provide investment management and advisory services to an offshore fund.
Bank of India looks to divest insurance JV stake for $160 million
BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.
BoI to raise Rs 400-500 crore from non-core asset sale
It could be noted that the bank has been looking to sell its stake in a few non-core assets including Star Union Dai-Ichi Life Insurance, STCI Finance and Sidbi.
Nikkei slides, weak US retail sales trigger profit-taking
The Nikkei share average dropped 1.1 per cent to 20,900.63, retreating from a two-month high of 21,235.62 hit on Thursday.
BoI eyes Rs 1,200 crore from exiting life insurance arm Star Union
While BoI owns 28.96 percent in the JV, UBI holds 25.10 percent, and Dai-chi is the singel largest shareholder with 45.94 percent stake.
Nikkei closes at lowest since March on global growth concerns
The Nikkei share average ended 0.3 per cent lower at 21,148.02.
Nikkei hits 1-1/2-week low on global economy worries
The Nikkei share average dropped 0.5% to 21,919.33, the lowest close since Nov. 26.
Nikkei tumbles, foreigners sell exporters and financials
The Nikkei share average ended 2.4 per cent lower at 22,036.05 points.
Bank of India looks to raise Rs 1,000 crore from sale of non-core assets, real estate
The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company - STCI Finance - and in Sidbi, by the third quarter of the current financial year.
Dai-ichi Life buys 39.62% stake in Union AMC
The mutual fund company would now be co-sponsored by Union Bank of India and Dai-ichi Life.