The transaction is expected to close in the quarter ending March...
Category:
Indian News
Latest
Domestic investors pour Rs 4.5 lakh crore into equities this year: NSE
The sharp rise in investor numbers has gone hand in hand with...
Shriram Finance to sell 20 pc stake to Japanese firm MUFG Bank for Rs 39 618 cr
This collaboration combines Shriram Finance's established domestic...
Rain, lightning strikes kill 7 in north India; 200 flights delayed, J-K highway closed
Flash floods were triggered in the Chenab River, prompting the authorities in the Reasi and Akhnoor sectors to issue warnings against venturing near the riverbank."Vehicular movement has stopped from both sides on the Jammu-Srinagar National Highway due to mudslides...
FSIB selects United India’s Sanjay Joshi as new CMD of Oriental Insurance
Sanjay Joshi, selected CMD of Oriental Insurance Company The FSIB, the head hunting agency for selecting executive directors and CMDs and CEO and MDs of state owned financial institutions, had interviewed five candidates, -Joshi, Rekha Solanki, ED, National Insurance...
Allahabad HC seeks details after UP says 82 bridges in state ‘unsafe’
"A detailed chart regarding the location and life of the bridges shall also be placed on record so that effective monitoring of bridge safety is considered and implemented in a planned manner by the State Government," the order said Lucknow: The Lucknow bench of the...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework
The Capital market regulator said that entities are grouped into four categories based on size and risk level -- Qualified REs (highest risk, most obligations), Mid-size REs, small-size REs and self-certification REs (least risk, fewer obligations). New Delhi:Markets...
‘100 pc fruit juice’ claim by Dabur violates law, misleading: FSSAI to Delhi HC
The writ petition filed by Smita Singh, Assistant Director with the FSSAI dated April 22, challenged Dabur against the “100 per cent” claim stating that the juices contain water and fruit concentrates. In addition, the term “100 per cent” is also not a recognised for...
FSIB to select a new CMD for OIC on Friday
Government appoints Amit Misra as acting CMD of OIC for three months The five shortlisted senior officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India...
PSU general insurance industry Unions reject govt’s 12% wage hike proposal
Unions want a 17 per cent hike to be on par with the Life Insurance Corporation(LIC) and the Indian banking industry. GIPSA management has assured the matter would be taken up again with the Department Financial Services for further consideration, according to union...
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman
Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI's chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based insurers...
SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled
A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...