Reliance Capital News

India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit

Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said. The talks …

India Moves Closer to Raising Foreign Direct Investment Cap for Insurance

Max India Ltd., the Indian partner of MS&AD Insurance Group Holdings Inc., Japan’s biggest casualty insurer, surged to its highest in a month after a parliament panel recommended the nation increase the cap on foreign investment in the sector. Max, …