Addressing concerns over the Allianz-Jio reinsurance JV, Goyal said Allianz intends to continue its partnership with Go Digit, and the existing contract allows no mid-term changes, Goyal says
The company may have to go for an IPO sooner rather than later, as the regulator has been nudging most large companies to go public, the CEO has said
Interise InvIT holds 17 road projects, with 7,300 lane km, spread across eight states in India
The bond giant had an “absolutely stunning” development this year, Oliver Baete, chief executive officer of Pimco parent Allianz SE, said in an interview Friday
The move heightens the pressure on the insurer, which is already facing a slew of investor lawsuits over its Structured Alpha Funds and related investigations by the US Department of Justice (DOJ) and Securities and Exchange Commission (SEC).
'The problem is that the Suez Canal blockage is the straw that breaks global trade's back,' the study's authors wrote.
IndInfravit Trust is sponsored by L&T Infrastructure Development Projects Limited (L&T IDPL) and will be soon listed on NSE and BSE.
The offering helps to streamline cyber security for businesses, which Hogg said are often addressed in a "siloed manner," with everyone from technology staff to legal departments playing separate roles.
The country's largest private sector insurer, ICICI Lombard is a joint venture between ICICI Bank and Prem Watsa's Fairfax Financial Holdings.
The conglomerate is in talks with Vanguard Group and Allianz SE to sell a 26-49 percent stake in Tata Asset Management, according to a report in Mint.
Sanjiv Bajaj, Managing Director of Bajaj Finserv, told CNBC-TV18 there was no truth to buzz about a buyout of the Allianz Group's stakes in the insurance joint ventures.
The source, who was not authorised to speak publicly about the matter, told Reuters no acquisition price had been proposed to QBE, Australia's biggest insurer.
India has been able to successfully dodge itself from the global disruption led by negative rates in advanced economies, he says. EMs would look forward to a Federal Reserve rate hike in December.
On Wednesday, the central bank opted to keep rates steady at its November meeting, and made no direct reference to a hike coming at its December gathering.
That's because "ultra-low rates have distorted the system [and] have encouraged too much risk-taking," the chief economic advisor at Allianz said in an interview with "Closing Bell."
"What makes that probability go a lot higher a Friday report that has three things: job creation in excess of 180,000, wage growth going up and no significant move in the participation rate that pushes the unemployment rate up," El-Erian said in an interview on CNBC's "Fast Money" on Tuesday.
Bajaj Finserv is the financial services unit of Bajaj Holdings and Investments. It has 74 percent stake each in both the ventures.
Mortgage loans, which are of a longer duration, has dragged the growth rate down, says Sanjiv Bajaj, MD of Bajaj Finserv.
El-Erian added that Wall Street has yet to price in increased political uncertainty stemming from the rise of protest politics in the US and Europe
The move comes amid press reports that the US-based firm may cut around 18 percent of its German workforce over the next two years.
El-Erian was wary of the current investing climate because of what he calls "unhinged markets" in three areas: commodities, emerging markets currencies and high-yield bonds.
Famed bond investor Bill Gross has sued his former employer Pacific Investment Management Co and its parent Allianz SE for USD 200 million, claiming he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.
The economist also said his call to move to cash is less of a "slam dunk" than it was because—although volatility may rise—the American economy continues to recover and parts of the US corporate sector are seeing positive developments.
Insurers and reinsurers are charging high prices for cyber cover and putting a ceiling on potential losses, deterring companies from buying cyber polices, consultancy PwC said in the report.
El-Erian told CNBC on Sunday that what markets needed to stabilize was positive economic news or announcements of further stimulus—not from the Federal Reserve or the European Central Bank, but the emerging world.