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International News on May 5, 2014


ING Vysya Life Insurance is now Exide Life Insurance
Key Highlights Exide Life Insurance Company Limited is the new name of ING Vysya Insurance Company Limited with immediate effect The new name and brand identity will have no impact on the operations of the Company.  The members of the board of directors and senior management of the company remain unchanged Business Wire India

Polaris Launches Life Claims in the Cloud at the ACORD LOMA Forum 2014
Polaris Financial Technology Ltd, a leader in products that enable unprecedented operational productivity for the global financial services industry, announced the launch of Life Claims in the Cloud at the recently held annual Association for Cooperative Operations Research and Development (ACORD) LOMA Forum in Orlando, Florida Business Wire India

APG and Xander Launch US$300 Million India Office Venture
Leading emerging markets investment firm The Xander Group Inc. and an investor consortium led by Dutch pension fund asset manager APG Asset Management N.V. (“APG”), today announced the creation of a US$300 million (Rs. 1800 Crore) venture that will buy income-generating, institutional-grade commercial assets across India's main office markets Business Wire India

eWIT Celebrates 8th Anniversary with a Call to “Ascend… Take Charge”
Business Wire India

HDFC Life Associates with Hindi Film ‘Hawaa Hawaai’ to Celebrate Triumph of Human Spirit and Strong Will
Business Wire India

Indian Automotive Sector Forecasted (Domestic Sales) to Grow at a CAGR of 7.8 Percent (FY’14 – FY’19) – notes Frost & Sullivan
The Indian Automobile Industry has shown healthy growth from FY’08 to FY’13. High inflation, fuel prices and unfavourable interest rates, resulting in high cost of ownership, have affected car sales in FY’14. Domestic sales of Passenger Vehicle segment declined by 6.0 percent, Commercial Vehicle segment sales declined by 25.3 percent Three Wheeler sales declined by 10 Business Wire India

Gaur 16th Park View in Gaur Yamuna City, Gaur Township at Yamuna Expressway
Spread across a mammoth 300 acres, Gaur Yamuna City is India's largest group-housing development located on the Yamuna Expressway - one of the fastest-growing professional hubs of India. The Happiness of Living in a Large Township Business Wire India

Godrej Interio is on Selfie Mode this Mother’s Day
This year, Godrej Interio, a leader and innovator in furniture category, intends on celebrating Mother’s Day, making every mother feel special and exceptional with delightful gifts. The only thing a consumer has to do is share a selfie with one’s mother on the Godrej Interio Facebook or Twitter page with hashtag #SelfieWithMom and a sweet message for their mother Business Wire India

Incorporating a Company in Singapore Makes Solid Business Sense: Asiabiz Services
According to the World Bank’s 2014 report on ‘Ease of Doing Business’, Singapore maintains the top rank followed by Hong Kong and New Zealand. This is in stark contrast to India, which stands at 134th in the list. In light of this, incorporating a company in Singapore makes solid business sense, says Asiabiz Services, a leading Singapore corporate services consultancy Business Wire India

NAIA – Dubai is Yours
DAMAC Properties, one of Dubai’s largest luxury real estate developers, has announced the launch of NAIA by DAMAC – its latest hotel management services company – which will cater to guests in more than 2,200 Hotel Apartment units across the city by the end of 2014. Business Wire India

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