India

Modi government revives long-awaited FDI hike

India’s new government has revived plans to increase the foreign direct investment ceiling to 49% from 26% but has proposed a number of safeguards, according to local media reports.

JLT acquires stake in Sunidhi Group broking subsidiary

Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.

Cigna partners in India with TTK

US health insurer Cigna has entered into a health insurance joint venture with Indian conglomerate TTK Group. The new venture is to be called Cigna TTK.

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