L&T signs pact with Generali, Future Group

Mumbai, March 25: LandT Finance will buy Pantaloon Retail's 50 per cent stake in the general insurance business of Future Generali for an estimated Rs 560 crore.

L&T Finance Holdings is all set to acquire Future Group's 50 per cent stake in Future Generali, the general insurer, for roughly Rs 600 crore, and is being considered one of the top contenders for a new banking licence. With five acquisitions worth ...

The growth path going forward has to absorb the new entrants into the labour force, estimated at 4.5 mn annually in the 12th Plan document Ficci Frames, one of Asia's largest events on the business of media and entertainment, concluded in Mumbai earlier this ...

The acquisition of Future Generali India Insurance will give the L&T's general insurance business size and scale and also will help to achieve profitability faster, N Sivaraman ( President and Whole Time Director) , L&T Finance Holdings tells Manojit Saha.

Dismantling of the third-party motor insurance pool, and prudent underwriting helped non-life insurance companies post higher profits for 2012-13. State-owned New India Assurance (NIA), the country's largest non-life insurance company, has seen its ...

0 Comments, Be the first to comment Yogesh Sapkale | 26/03/2013 03:24 PM | Kishore Biyani, who calls himself as creator and destroyer, has hived off yet one more of his non-core businesses. Soon he may re-focus on the retail world, from where he ...

Shedding their earlier reluctance, general insurance companies are now providing cover for commercial vehicles in a bigger way. This is seen from the size of the ??, which has shrunk to Rs 175 crore from Rs 3,500 crore a year ago. The is a mechanism ...

Health insurance, which used to be dominated by general insurance companies, is now drawing a lot of attention from life insurance firms as well. On an average, life insurers have two to three per cent of their business coming from health insurance ...

Pantaloon Retail is currently trading at Rs. 114.00, up by 1.60 points or 1.42% from its previous closing of Rs. 112.40 on the BSE. The scrip opened at Rs. 114.00 and has touched a high and low of Rs. 114.00 and Rs. 111.50 respectively. The BSE ...