United India Insurance Co Ltd

In its budget published on Wednesday, the Indian government said it would sell unspecified stakes in New India Assurance Co Ltd, United India Insurance Co Ltd, Oriental Insurance Co Ltd, National Insurance Co Ltd, and reinsurer General Insurance Corp of India in the financial year starting in April.

A loophole in an Indian insurance scheme has allowed Iran's state-run tanker company NITC to bolster oil exports by chartering a vessel insured by India's state-run firms, industry and shipping sources said on Tuesday.

In its budget published on Wednesday, the Indian government said it would sell unspecified stakes in New India Assurance Co Ltd, United India Insurance Co Ltd, Oriental Insurance Co Ltd, National Insurance Co Ltd, and reinsurer General Insurance Corp of India in the financial year starting in April.

A loophole in an Indian insurance scheme has allowed Iran's state-run tanker company NITC to bolster oil exports by chartering a vessel insured by India's state-run firms, industry and shipping sources said on Tuesday.