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Saturday 11 June 2011

Reliance Industries to buy Bharti's stake in AXA

Reliance Industries to buy Bharti's 74% stake in Bharti AXA Life and General insurance. Valve of deal might be 1665 crore Rs. This buying leads to RIL maidan foray into retail financial services

Aviva Life insurance comes in profit

Aviva Life insurance comes in profit with profit of 29 crore for the year ended March 2011. It comes 1st time in profit since its inception in 2002. Company Reptorted loss of 345 crore previous year