Radiant Life completes acquisition of 49 per cent stake in Max Healthcare
New Delhi June 22 : Radiant Life Care Private Limited (Radiant), a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the previously announced acquisition of a 49.7 per cent stake in Max Healthcare Institute Limited (Max Healthcare or MHC) from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council. Full Story
PSU general insurers are hopeful of capital infusion by Centre
Kolkata, June 7 : As the non-life insurance industry is witnessing growth in the last few years, public sector general insurers sought capital infusion from the centre and are hopeful that the central government would pay heed to their request in the budgetary proposals, an official said on Friday.
LIC Mutual Fund's Short Term Debt Fund offer opens
Mumbai, Jan 11 : State-run LIC Mutual Fund on Friday launched an open-ended short term debt fund scheme for investing in instruments of "Macaulay duration" between one and three years as a new fund offer (NFO) called "LIC MF Short Term Debt Fund" that will close on January 25. Full Story
Leading health insurance company partners with Fiinovation
New Delhi (India), Dec 21, : A leading private sector health insurance company in India entered into a strategic partnership with Fiinovation, a global Corporate Social Responsibility (CSR) consulting firm, and Pinnacle Skills India, an NGO that works towards empowering youth through skill development and education. Full Story
Reinsurance premium may go up for flood risk cover
Chennai, Aug 20 : Even as different estimates of losses suffered by Kerala in the monsoon floods are doing the rounds, general insurance experts on Monday said that there will certainly be an increase in the premium charged by reinsurers for covering flood risks.