10:01 PM IST ONGC renews insurance 35% cheap from United India for $20m. State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI today slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna. 09:26 PM IST General insurers to challenge Rs 671-crore CCI penalty. State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna. 01:19 PM IST General insurers to challenge Rs 671-crore CCI penalty. There are four public sector general insurance companies - New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd. 11:40 AM IST Union Budget 2016-17: Jaitley proposes listing of PSU general insurance companies. ONGC's hard bargain with state-run United India Insurance and GIC Re has further brought down its annual renewal premium by almost 25 per cent to USD 16 million for both insurance as well as reinsurance covers for its offshore assets valued at USD 34 billion. 06:50 PM IST ONGC gets 25% discount on premium from United India, GIC Re. The Cabinet on Wednesday approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges. 02:52 PM IST Govt to sell 25% stake in general insurance companies: Jaitley. 
In an interview to CNBC-TV18, SP Tulsian of shared his readings and outlook on specific stocks and sectors.
05:45 PM IST Here is why SP Tulsian is positive on Federal Bank. The companies will begin the process of listing in the next few weeks and the final listing is expected to happen within the next six to eight months. The Cabinet has approved the listing of the four public sector general insurance companies as well as the sole state-owned reinsurance company, General Insurance Corporation of India (GIC Re). 06:16 PM IST First listing may happen in next 6-8 months. 06:35 PM IST Why allowing general insurers to list is a double-edged swordĪllowing general insurance companies to get listed when none of the private players are listed could raise questions in certain quarters. These chairs of Chairman and Managing Directors have remained unoccupied for since June last year. The government is looking to quickly fill up top-level positions lying vacant at two of its public sector insurance firms - United India Insurance and Oriental Insurance. 02:09 PM IST United India, Oriental Insurance may get CMD posts filled soon. Prior to taking up the new role, Gopakumar was serving GIC Housing Finance Ltd as its Managing Director and Chief Executive Officer 03:42 PM IST S Gopakumar joins United India Insurance as Director and General Manager. The idea to merge the three insurers was to create a stronger and larger insurance company that was sustainable in the long run. 06:33 PM IST Reporter's Take | Mega insurers' merger a race against time. 
The IRDAI officials during the inspection found three violations, of which two attracted fine. 01:59 PM IST IRDAI imposes Rs 9 lakh fine on United India Insurance for violations.The merger is unlikely to lead to a significant number of layoffs, since all three firms have reduced recruitment and are operating with an optimal workforce 12:13 PM IST EY suggests merger of National Insurance, United India & Oriental Insurance within 18 months.Last week the Union Cabinet had decided to put on hold the merger of National Insurance, The Oriental Insurance and United India Insurance and approved a Rs 12,450 crore capital infusion into these three general insurers. Pharma Industry Conclave Unlocking opportunities in Metal and MiningĠ1:45 PM IST Capital infusion in 3 state-owned insurers 'credit positive', says Moody's.Managing Diabetes with Ayurveda Sustainability 100+.Headwinds and Tailwinds Hitachi Social Innovation.Life Insurance Made Simple Future Of Mobility.
#UNITED INDIA INSURANCE COMPANY LIMITED TENDERS SERIES#
Interview Series Business In The Week Ahead.
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