HDFC completes majority acquisition in Apollo Munich
New Delhi, Jan 9 () Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for Rs 1,495.81 crore.
French cover major AXA to exit coal by 2040
AXA also targets to contain the warming potential of its investments to below 1.5°C by 2050. As p...
European Investment Bank decision to stop fossil fuel financing will hurt gas-based projects: WoodMackenzie
The board of the European Investm...
UK-based AXIS Capital to quit coal cover
With the announcement, AXIS joins a growing list of global insurers refusing to insure coal projects.. “Renewals, however, according to the policy statement, will be considered on a case-by-case basis until January 1, 2023,” the company said
CCI approves HDFC's 51.2% stake buy in Apollo Munich Health
In June, HDFC agreed to acquire Apollo Hospitals Group's entire 50.8 per cent stake in Apollo Munich Health for Rs 1,336 crore.
Apollo Hospitals seeks investor, asset sales to cut debt
The aim is to reduce the Apollo shares pledged by the family as collateral to lenders.
Trade concerns keep a lid on Europe's rise, upbeat earnings boost Germany
The pan-European STOXX 600 index was marginally higher by 0850 GMT, a day after it hit its lowest in more than four weeks.
Apollo Hospitals may sell stake in insurance JV
Reddy family is seeking to sell its entire holding of 41% in Apollo Munich Health Insurance.
Irda asks Indiabulls to bring in Rs 1,200 crore investments for life insurance licence
Regulator’s board to meet today and may clear Indiabulls Life Insurance’s R1 licence.
Robert Downey Jr, Jay Z, Durant back life insurance startup
The company’s core product is a streamlined, and affordable process for buying term insurance -- which pays out benefits if the insured dies within a certain time frame.
Munich Re to open reinsurance branch office in Mumbai
Munich Re is one of the first foreign reinsurers to receive approval for a dedicated branch in India following the 2015 amendment of the Insurance Bill.
HDFC in talks to buy Apollo Munich insurance for Rs 1,000 crore
Apollo Munich is a joint venture between Chennai-based Apollo Hospitals promoted by Prathap C Reddy and his family and Munich Re.
PolicyBazaar parent scouting for a buy in reinsurance space
Two persons aware of the development said that the company has earmarked about Rs 500 crore to finance buyouts and other strategic initiatives, and has zeroed in on the reinsurance space.
HDFC open to organic, inorganic growth: MD Renu Sud Karnad
"HDFC has always been looking for partners be it housing or insurance," Karnad said on the sidelines of its "Pradhan Mantri Awas Yojana-Housing for All' programme organised here today.
No IPO plans in near future, says Apollo Munich CEO Antony Jacob
Recently, HDFC Standard, New India Assurance and GIC Re hit the market through IPOs.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service