Thursday, 8 December 2016

Sensex, Midcap hold morning rally; ITC extends gains, NTPC down

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HDFC Life and Max Life are working on the issues raised by insurance regulator last month with respect to their merger. There are some issues, the companies are working on it. That is a complex issue. I won't be able to explain it," Irdai Chairman T S Vijayan told, the sidelines of the FICCI Annual Health Insurance Conference when asked about hurdles to the merger. 

"Time taken for approval depends on the companies. Some discussions are going on." Last month, Irdai had expressed reservations about the current form of amalgamation of Max Life and HDFC Life into a single entity.

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