Religare, Swiss Re ties up for health insurance jv in India
Religare Enterprises Ltd said it has signed a non-binding agreement with Swiss Reinsurance Co (Swiss Re) to develop a joint venture health insurance company in India.

In a release, Religare said Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk management and underwriting expertise to the new venture. The proposed joint venture will seek to commit...

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Ring of Thieves

Only a few years ago, some publications were lionising Nirmal Kotecha as a 29-year-old whiz-kid who had made it big through his investment brilliance. In 2006, Business Today even put him on par with long-term value investors such as Prof Shivanand Mankekar and Rakesh Jhunjhunwala. Even at that time, the central intelligence agencies had been tracking Nirmal Kotecha and another player ...

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Rural Bent (Hidden Gems - 21 May 09)

One of the unsung companies in the financial services sector is Gruh Finance (GFL), set up by HDFC to replicate its home financing business model in semiurban and rural areas. GFL provides long-term finance to individuals for construction, purchase, extension, repair and renovation of homes.

GFL also offers loans for purchase of non-residential properties like office premises and shops. HDFC...

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