India

This is more than double of last year’s growth of 10.1% in the same month.

It is slated to be the biggest IPO in the country.

The IRDAI said that standardisation of policy wording is not desirable at this juncture.

This comes from a low base in July.

HDFC Life is India’s biggest private sector insurer.

This gives the company 100% control of the Indian insurance broker.

This marks the group’s exit from the Indian insurance company.

The company aims to raise $809m through the IPO.

The IPO aims to raise as much as $268.3m.

The bill seeks to remove the 51% floor on government holding.

A group of ministers will now decide on various issues related to the proposed offering.

Both the CEO and managing director positions will be appointed by the government.

The deal is still subject to regulatory approval.

This is seen as a major step towards LIC's proposed IPO.

Millman’s South-East Asia managing director believes that markets are showing signs of recovery despite the decline in new business sales during the pandemic.

The investment will result in a 5% dilution of the firm's equity.