Business - Briefly   

Bharti, AXA JV for non-life insurance

NEW DELHI: Bharti Enterprises and AXA on Monday announced the signing of a memorandum of understanding to set up a joint venture company to launch general insurance business. Bharti would hold 74 per cent equity, while AXA would have 26 per cent stake in the joint venture. The new venture is likely to be operational by mid-2007, the two companies said in a joint statement here.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Microsoft unveils slew of new products
Essar interested in Hutch buy-out
Chamber seeks reduction in corporate tax
Barclays Bank to launch commercial banking
Apex court quashes advance ruling
Tea export gains in volume, but unit value down
Rupee ends lower against $
Sensex sheds 208 points
Air India's move to change aircraft flayed
`Profit as well as leadership must to sustain brand image'
GSPC to be listed in 2008
SAT dismisses Karvy's appeal
ICICI Prudential raises capital
Chevrolet variants to cost Rs. 3.99 lakh and above
Bullion rates
Exchange rates
Indian, AI merger meet on Jan. 15
Bharti, AXA JV for non-life insurance
Zee News, WWIL to list on Jan 10
Tata Sons hikes stake in Trent
UMC to invest $5 b in new factory
Electronics industry's plea
Spentex announces merger of Indo Rama Textiles
Thomson Corporation opens centre
TN VAT procedures on www.aceprocedures.com
Kotak Life Insurance opens office
Synaptris partners Twiceware

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu