Expense Account, Mint If you hear of a company selling a stake in itself, and then giving money to the buyer to buy that stake, what would you think? There’s something wrong with the deal. That’s the story in the bancassurance market right now and the rush of life insurance companies to tie up with...
Expense Account, Mint The Rs2.9 trillion Indian life insurance industry has, for the first time since privatization in 2000, seen contraction over two consecutive financial years. Fiscal 2010-11 saw a shrinking of 20% and the full year 2011-12, estimates the insurance regulator, will contract 15%. This means that enough of us did not buy an...
Expense Account, Mint No. The Indian fund industry will not shut shop, but the news that Fidelity mutual fund may be on the block did burn the financial industry airwaves earlier this week. The possible sale of the almost seven-year-old fund house known for its retail focus, mature industry practices and its stable performance did...