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Q&A: Suresh Mahalingam, Tata AIG Life
With changes in the regulatory landscape, productivity and profitability have become the new engine for growth for Tata AIG Life. Suresh Mahalingam, CEO, Tata AIG Life Insurance Company, tells Niladri Bhattacharya the life insurance industry is going through a phase of introspection and consolidation and once that is over, expansion will happen automatically. But for this year, there will be no expansion.

Macquarie eyes $6bln RBS aircraft leasing unit - sources

Macquarie Group is eyeing a bid for the aircraft leasing business being sold by the Royal Bank of Scotland, according to sources familiar with the matter, a unit said to be worth more than $6

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Stranded on road? SOS your insurer
Your car maker could also offer a service for free, provided your vehicle is within warranty period.

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India may allow foreign investment in pension funds

India may allow foreign investment of up to 26 percent in the pension sector, giving global players access to a roughly $2 billion pool of assets that is expected to grow quickly as more people join

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Warren Buffett to invest $5 bln in Bank of America

/CHARLOTTE (Reuters) - Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs and General Electric during the

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AIG repays $2.15 billion to bailout program
American International Group Inc. has paid the federal government $2.15 billion this week after selling off a life insurance subsidiary, trimming its financial bailout balance to roughly $51 billion.

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