UK-based Aviva Plc is set to become the first overseas life insurer to fully own its local business after agreeing to buy the remaining 26% stake in Aviva Life Insurance Co India from its joint venture partner, Dabur Invest Corp, just weeks after New Delhi allowed total foreign ownership in the sector, people familiar with…
Union Minister Amit Shah announced a cooperative life insurance company, expansion of Bharat Taxi to 500 cities, and plans to make Bharat Beej India’s largest seed producer within three years. The Ministry of Cooperation also unveiled infrastructure, digitisation and institutional reforms to strengthen India’s cooperative ecosystem and support rural economic development. Marking five years since…
Amit Shah announces cooperative life insurer, Bharat Taxi expansion to 500 cities NEW DELHI: Union home minister Amit Shah on Monday announced that the government will set up a cooperative life insurance company to expand the cooperative sector’s presence in insurance. He also said the driver-owned ride-hailing platform Bharat Taxi will be expanded to 500…
Union Minister Amit Shah said a cooperative life insurance company will be established to broaden cooperative business activity, while Bharat Taxi is set to expand to 500 cities within two years. Speaking at the Ministry of Cooperation’s fifth Foundation Day, he also urged corruption-free professional appointments to strengthen trust in India’s cooperative ecosystem. Business Updated:…