Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr
Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.
Jul 24, 2014, 22:18 PM IST
'Nod to 49% FDI in insurance to drive capital infusion'
Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.
Jul 24, 2014, 19:25 PM IST
