Finance
IRDA takes over Sahara Life administration
The IRDAI has taken over administration of Sahara India Life Insurance, a firstof-its-kind move in the insurance sector. It has named IRDA General Manager R K Sharma as administrator to manage the affairs of the insurer. "The IRDA has reasons to believe that Sahara India Life Insurance Company is acting in a manner likely to be prejudicial to the interests of holders of life insurance policies," IRDA Chairman T S Vijayan has said. Sahara was the first, Indian-owned, life insurance company to launch operation in the private sector in 2004.
HDFC buys stake in Tanzania's First Housing
This story is from the July 2017 edition of India Business Journal.
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This story is from the July 2017 edition of India Business Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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