Magma gets IRDA nod for joint venture in India

Indian currency

Asset financing company Magma Fincorp has gained approval from India's insurance regulator to start a general insurance joint venture.

BSE-listed Magma Fincorp inked a joint venture in 2009 with German insurance major HDI-Gerling International Holding, an arm of the Talanx group, according to a report in My Digital FC.

The two

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