GENERALI GROUP

Central Bank of India received approval from the Reserve Bank of India to enter the insurance business. The bank will form a joint venture with Generali Group under FGIICL and FGILICL, offering a range of insurance products. This follows approvals f...

The Competition Commission of India approved Central Bank of India's acquisition of 24.91% and 25.18% equity stakes in Future Generali India Insurance and Future Generali India Life Insurance, respectively, through the Insolvency and Bankruptcy Boar...

Future Enterprises, undergoing insolvency proceedings, saw Central Bank of India emerge as the frontrunner to acquire its 25% and 33% stakes in two insurance ventures with Generali. The committee of creditors approved the bank's bid to enhance its i...

Rungta, currently serving as the Deputy CEO and CFO, will succeed Bruce De Broize, who is the MD & CEO until March 31, 2024.

Jindal's plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution plans for FEL, which owes creditors led by Central Bank of India and its arm Centbank Financial Services a total ?12,...

Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindal's Jindal (...

Future Enterprises' creditors were informed at a meeting on Thursday that an extension had been sought by both prospective bidders who were due to submit formal offers on 24th August. The bid deadline has now been extended to 25th September, accordi...

The collaboration with JM Financial Services will unlock new opportunities for Future Generali India Life Insurance to diversify its product portfolio and leverage its distribution and financial advisory capabilities. The partnership will capitalize...

FEL owes lenders and bondholders a total of ?6,778 crore. Out of the ?1,266 crore, State Bank of India (SBI) received the largest amount of ?290 crore followed by Canara Bank (?220 crore) and Central Bank (?130 crore).

The deal is fully in line with the 'Lifetime Partner 24: Driving Growth' strategy, strengthening Generali's position in fast-growing markets and confirms the group's commitment to deliver profitable growth whilst creating value for stakeholders, a c...

Most recently, he was the Regional Head of Distribution for Generali Asia based in Hong Kong where, for over five years, he oversaw life, health and P&C distribution for Generali's operations across China, Hong Kong, Thailand, Indonesia, India, Viet...

he company has completed the acquisition of the entire stake of around 16 per cent held by Industrial Investment Trust Limited (IITL) in Future Generali India Life (FGIL) and the subscription of additional shares in FGLI, following receipt of all ne...

The latest order comes as a relief to the Future Group, which is in dire need of funds to pay off a mountain of debt. It has been fighting a legal battle with Amazon.com Inc, which has objected to the sale of its retail assets to rival Reliance Indu...

The city civil court in Mumbai has temporarily restrained Future Enterprises Ltd from selling its stake in Future Generali India Insurance Company Ltd to its joint venture partner Generali Group until further orders.

“Future Enterprises progresses on its plans to monetise its investment in its insurance joint ventures with Generali, agrees to sell 25% equity in the general insurance JV,” Future Enterprises Ltd said in a filing to the stock exchanges.

"FEL has agreed to sell a 25 per cent stake in its General Insurance Joint Venture, FGIICL, to its Joint Venture partner Generali for a cash consideration of Rs 1,252.96 crore, plus an additional consideration that is linked to the date of the closi...

The Competition Commission of India (CCI) on Monday approved the proposed acquisition of consumer healthcare company GlaxoSmithKline Asia Pvt Ltd (GSKAPL) by two other GlaxoSmithKline group entities.

The holding company of Bandhan Bank is willing to pay a control premium to buy Future Group's 34% and another 17% stake in the insurer, three people familiar with the matter told ET. According to the agreement between the shareholders of the company...

Rising Covid claims are pushing up the cost of group health insurance for employers by 25-40% in the wake of the second wave of the pandemic.