Bajaj Allianz General Insurance has outbid Oriental Insurance Company (OIC) to win the mandate for Gujarat and Reliance General Insurance (RGI) has pushed out National Insurance Company (NIC) for Meghalaya in the competitive bidding.
Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance of three loss-making public sector general insurance companies.
Research by Rhodium Group challenges China’s depiction of being a hotspot for foreign direct investment, as ‘virtually no new European firms have chosen to enter the Chinese market in recent years’.
Beijing’s zero-tolerance policy for the coronavirus has resulted in stringent lockdowns and mass testing in major cities such as Shanghai, where several European firms have their Asia headquarters.