“The Asia Pacific region will continue to face heightened...
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Govt sticks to e-cigarette ban in snub for Philip Morris
"The government of India is not considering revoking, amending or...
RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling...
Regulatory changes to provide necessary push to surety bonds business say experts
"The expectation that surety bonds should be cheaper than bank guarantees is unsustainable for insurers. Issues related to pricing, reinsurance options, and lack of clarity on indemnity documents further hinder progress. The Indian Contract Act and Insolvency and...
Cyclone Dana impacted 35.95 lakh people in Odisha no human casualty so far Minister
The worst-hit districts include Kendrapara, Balasore and Bhadrak, while the human casualty “still stands at zero”. Whenever there is a disaster, people lose their houses and get compensation. This time, we want to bring a permanent solution to the problem and provide...
Govt floats draft bill to amend arbitration law, adds proviso for emergency arbitration
The Department of Legal Affairs in the law ministry has invited comments on the draft Arbitration and Conciliation (Amendment) Bill, 2024, saying "the aim and purpose is to provide further boost to institutional arbitration, reduce court intervention in arbitrations...
PM Modi warns about ‘digital arrest’
Narendra Modi, Prime Minister "There is no legal system called digital arrest; it's purely fraud, deceit, a criminal enterprise by those who are enemies of society. Various investigative agencies, in collaboration with state governments, are actively working to...
PM-ABHIM: Rs 64,000 crore healthcare infra project planned
VK Paul,member,Niti Aayog "Under PM-ABHIM, in every block in the country, Blocks Public Health units and labs will be made. In 600 districts, Integrated Public Health Units are being planned. The National Centre for Disease Control will have 30 branches across the...
Lahore: World’s most polluted city as smog crisis deepens
“Yesterday, Lahore was declared the most polluted city in the world. We have taken several initiatives to address the matter and now we are planning for artificial rain in the city,” Punjab Information Minister Azma Bokhari said during a press briefing on Tuesday...
FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation
Looking ahead, the trajectory of global events like geopolitical developments and interest rate movements will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, Morningstar...
Allianz weighs options for AllianzGI unit, sources say
Amundi and Germany’s DWS would be logical candidates for any deal Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap
Settlement will cover federal costs incurred to restore access to the port of Baltimore The US Justice Department announced on Thursday that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the Motor...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...