Latest news with #Wadhwani
The Sun
13 hours ago
- Business
- The Sun
Prudential plc CEO Expresses Strategic Commitment to India in Meeting with Union Finance Minister Nirmala Sitharaman
NEW DELHI, INDIA - Media OutReach Newswire - 20 June 2025 - Prudential plc ('Prudential') Chief Executive Officer, Anil Wadhwani, met yesterday with Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India, emphasising India's strategic importance to the UK FTSE100 insurer and asset manager operating across Asia and Africa. Prudential provides life insurance solutions in India through ICICI Prudential Life Insurance Company Limited, a preeminent life insurer and the first private insurance company listed in India. It also has a market-leading asset management presence via a separate joint venture with ICICI Bank, ICICI Prudential Asset Management Co. Ltd. Earlier this year, Prudential announced plans to establish a standalone health insurance joint venture with Vama Sundari Investments (Delhi) Private Limited, a promoter company of the HCL Group. During the meeting, Mr. Anil Wadhwani remarked: 'We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923. India is a core strategic market for Prudential. As the country advances towards its vision of 'Insurance for All' and continues to address the challenge of underinsurance, we see significant opportunities to bring our global expertise in protection, savings, and health solutions to serve the evolving needs of Indian consumers. Our long-standing connection with India, including our sponsorship of the historic 1983 Cricket World Cup, India's first World Cup victory, reflects our commitment to its growth and aspirations.' Highlighting health as a shared strategic priority, Mr. Wadhwani conveyed the company's commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage. This aligns with the Government of India's vision of 'Insurance for All by 2047'. India is not only a key strategic insurance market but also an incredible source of talent. Prudential recently launched a Global Capability Centre in Bengaluru. This strategic hub serves as a global centre for technology, AI, data analytics, cybersecurity, and innovation. Concluding the meeting, Mr. Wadhwani said: 'India's economic progress over the past decade has been remarkable. With sustained capital investment in infrastructure and proactive government economic measures to stimulate growth, we remain excited about India's long term growth prospects. We look forward to continuing our constructive collaboration with the Indian government to support its development goals and to build enduring insurance and technology businesses.' During the visit, Mr. Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister's Office.
New Indian Express
25-04-2025
- New Indian Express
Three miscreants involved in loot held after brief encounter in Odisha's Rourkela
ROURKELA: Three armed miscreants were arrested following a brief encounter along the Odisha-Jharkhand border near Rourkela after they opened fire on a hotel owner and looted cash from him in the wee-hours of Friday. Sources said two of the three miscreants sustained gunshot injuries in counter police while they were trying to escape. Rourkela SP Nitesh Wadhwani said seven to eight miscreants armed with firearms and knives raided Dugru Dhaba at Sarubahal under Bisra police limits at about 11 pm on Thursday. They fired at the hotel owner and looted about Rs 20,000 and three mobile phones. He was injured as one bullet hit his leg, Wadhwani said. Following the incident, the SP said, Bisra police led by inspector M Kumbhar swung into action and tracked four of the miscreants escaping on a motorbike. When the police intercepted them, they opened fire on the officers. Acting swiftly, the police returned fire, during which two miscreants were shot in the legs and subsequently apprehended, according to the Superintendent of Police. While one managed to escape with the motorbike, another was nabbed after a brief chase. A firearm was seized from the spot and some empty cases along with live bullets were recovered. The SP said three more have been detained and other miscreants involved in the crime are being tracked. He said these criminal elements residing in bordering pockets of Jharkhand operate in both sides of Odisha and Jharkhand. Police said the injured miscreants, Baneswar Singh (20) and Sibanath Singh (26) have been admitted to Rourkela Government Hospital (RGH) for treatment. The third criminal has been identified as Bishambhar Singh (25). Dhaba owner Dugru Xalxo has also been admitted to the hospital for a bullet injury in his leg. IG of Police Himanshu Lal said efforts are underway to nab others involved in the incident. The IGP warned the criminals and antisocial elements of Sundargarh and those coming from Jharkhand of stringent police action if they indulge in anti-social activities in Odisha side of the border. A case under sections 310(2) and 311 of BNS besides sections 25 and 27 Arms Act, has been registered. Earlier, a hardcore criminal of Anandpur in adjacent Jharkhand and his crime partner were arrested by the Rourkela police following a brief encounter near Akshayshila waterfall under Bisra block police limits. A SUV with Jharkhand registration number a 9MM pistol, a magazine and two mobile phones were seized.
