Cabinet approves 49% FDI in insurance biz; insurance stocks up

India Infoline News Service | Mumbai |

Max India increased 3.11%; Bajaj Finserv rose 2.99%, Reliance Cap gained 2.17% while Baj Finance was up 1.02% on BSE.

The government today said that the Cabinet has approved 49% FDI (foreign direct investment) in insurance industry. The Cabinet approved amendments to the Insurance Bill.
The Cabinet did not discuss WTO agreement.
Max India increased 3.11%; Bajaj Finserv rose 2.99%, Reliance Cap gained 2.17% while Baj Finance was up 1.02% on BSE.
 

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