Bloomberg delays India bonds inclusion in global index as investors seek proof reforms work
Bloomberg Index Services has deferred a decision on including Indian government bonds in its Global Aggregate Index, saying recent market reforms need more time to prove their effectiveness for foreign investors. While acknowledging progress in trading access and tax changes, it wants smoother implementation before granting index inclusion.
IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in the insurer. The company's initial public offering plans have been deferred, not abandoned. Its agency channel is expected to contribute a larger share to business. IndiaFirst Life is also seeking new bancassurance partnerships.
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