The BNP will provide three kind of covers- Hull, Cargo and...
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Financial Intelligence Unit-India, Indian Cyber Crime Coordination Centre sign MoU to combat cyber fraud and financial crimes
The collaboration comes at a juncture where India's digital payment...
Indian general insurance industry grows almost 10% to Rs 3.36 trillion in FY 26, Health Insurers record faster growth
One of the noteworthy features of the industry, in FY26, is the...
Bima Vahak’s portal is ready for soft launch in April, says IRDAI
The implementation of Bima Sugam is going as planned and is now ready to be capitalized by Indian insurers, said the IRDAI Hyderabad: The unveiling of of IRDAI’s game changing move Bima Sugam might have been delayed but the portal for Bima Vahak’s, the localised...
Bima Manthan:IRDAI asks insurers to strictly focus on claim settlement, zero-tolerance to non-compliance of regulations
Debasish Panda, chairman,IRDAI Distribution reforms in the pipeline were discussed which aim to empower individuals in the space of insurance intermediation through measures to enhance performance and productivity of the distribution channels, training and capacity...
Income Tax dept activates section-wise mapping of old I-T Act, new tax bill
The Bill introduces a new concept of 'tax year' as the 12-month period beginning from April 1. This would replace the present concept of assessment and previous year. Currently, income earned in the previous year (PY) say in the year April 2024 to March 2025 will be...
Sebi rejects Digvijay Gaekwad’s plea for competing open offer in Religare deal
With this ruling, the Burman Group's open offer process remains on track, solidifying their acquisition bid for Religare Enterprises Ltd (REL) New Delhi: Capital markets regulator Sebi on Friday rejected Digvijay Laxhamsinh Gaekwad's plea seeking an exemption to make...
I-T Bill powers taxmen to override computers, virtual digital space access codes in search, seizure
As per the Bill, virtual digital space encompasses any digital realm that allows users to interact, communicate and perform activities using computer systems, computer networks, communication devices, and includes email servers, social media accounts, online...
Centre warns telcos of fine up to Rs 10 lakh over failure to curb spam
“To make the complaint process simpler and more effective, it has been mandated that if a complaint made by a customer contains bare minimum essential data such as number of the complainant, number of Sender from which the Spam/UCC has been received, date on which...
Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as Meta Platforms's WhatsApp have denied the regulator access to its social media group chats as the current information technology law does not identify the capital markets watchdog as an 'authorised...
GIC Re makes a $25 million claim provisioning for LA wildfires, expands global biz 15% in Jan1 renewals
`We have a small exposure for LA wildfires. It's not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We've still not received too many intimations from our...
Taiwan to deploy investment from insurance funds to help finance island’s green energy
Taiwan is phasing out coal-fired power stations and shifting to liquefied natural gas, as well as investing in solar and wind projects Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as...