New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team, strengthen product development and …
New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned …
Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by …
BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months. Indian food-delivery firm …
India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing. The cabinet committee on economic affairs cleared the initial public offering proposal, according to Disinvestment Secretary Tuhin …
India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems which could pose a financial stability risk. In its semi-annual financial stability report, the Reserve Bank of India flagged concerns …
Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia Capital India, existing investor Faering …
Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the business and is now acquiring all the remaining shares. Details of the …
CHENNAI – Ford Motor Co. said it will halt production at its car plant in India’s southern state of Tamil Nadu after workers staged a lunchtime sit-in protest on Thursday, demanding leave and health benefits, as the country battles the …
CHENNAI – Automaker Renault-Nissan will shut its plant in India’s southern Tamil Nadu state until May 30, according to an internal note and two sources familiar with the matter, a day after workers said they would strike over coronavirus-related safety …
