Reliance Life Insurance Company, part of Anil Ambani group, has reported first full-year net profit at Rs 373 crore for the fiscal ending March 31, 2012. In 2010-11, the company
Anil Ambani-promoted Reliance Life Insurance Company is expecting to post profit in the current fiscal.
"We are expecting profit in the current year
The Anil Dhirubhai Ambani Group's financial services arm Reliance Capital today said it has received approval from the Reserve Bank of India (RBI) for its proposed 26% stake sale in
Private sector life insurer Reliance Life Insurance has said it will turn profitable in the current financial year and is eyeing an over Rs 300-crore profit in 2011-12.
Speaking about
Anil Ambani Group firm Reliance Life today said it will induct 6,000 insurance agents this year as part of plans to expand its reach in rural markets.
Unlike the traditional
Private sector insurer Reliance Life today said it has been approached by some banks for partnership based on equity-participation in the company and it was open to exploring such opportunities.
Anil Ambani group firm Reliance Life, which recently announced selling 26 per cent stake to Japanese insurer Nippon for $ 680 million, will have to seek government nod, says insurance
Japan's Nippon Life Insurance Company is buying a 26 percent stake in India's Reliance Life Insurance for $680 million, the Indian company said on Monday, sending shares of Reliance Capital up more than 10 percent.
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