Segar Sampathkumar, director, Health Insurance, GI Council Such a...
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RBI showing interest in technology as it impacts world order Deputy Governor T Rabi Sankar
Recent technologies, such as artificial intelligence, synthetic...
4 dead, 70 injured as Delhi-Kamakhya North East Express derails near Bihar
Buxar Superintendent of Police Manish Kumar told PTI four...
IRDA keeps a tab on `non-promoters’ investments in insurance cos
“The existing prescribed format for the submission of the shareholding pattern is revised to capture the non-promoters’ investments made in the insurance companies,’’ said IRDA’s order signed by Pravin Kutumbe, member,Finance, IRDAI
Govt mulls 100% FDI in insurance broking; insurers’ cap to stay at 49%
The FDI policy, at present, allows 49 per cent foreign investment in the insurance sector that encompasses insurance broking, insurance companies, third party administrators, surveyors and loss assessors as defined by the Department of Industrial Policy and Promotion (DIPP)
Govt plans to bring in stricter disclosure norms for independent directors
Independent directors have significant responsibilities under the Companies Act and are part of various committees, including those related to CSR and remuneration. The role of independent directors has come under the scanner in certain instances of corporate misdoings.
FPI outflow at 4-month high of Rs 210 bn in Sept on widening CAD, trade war
This was the highest outflow since May, when FPIs had pulled out Rs 297.75 billion. FPIs never fully returned to the Indian equity markets after pulling out net assets worth Rs 610 billion during the quarter ended June 2018.
WhatsApp Message Destroys 71% of Indian E-Commerce Firm’s Value
The message was sent a few months ago by an Equirus analyst to some clients and resurfaced on the messaging platform Thursday .The record slump on Friday prompted the company to make a voluntary clarification to exchanges saying there was no pending information or announcement that may impact its share price.
IRDAI allows distribution of all micro-insurance products via PoS
Agreeing to the suggestions of insurance companies, IRDAI in a circular has done away with the practice of pre-fixing the word ‘PoS’ on life, general and health products sold through PoS. The regulator said it has received representations from insurance companies requesting to do away with the prefix ‘POS’ in the product name.
Govt moves to find successors of Joseph and Sathe at IRDAI
Though candidates from all categories- public, private and academics- can apply for the posts of members, except member, actuary, only public sector officials have been appointed in the past.
KKR and Blackstone Group consider $3 billion Shriram deal: Sources
A deal would require group holding company Shriram Capital Ltd. to first finalize plans for a three-way merger with its publicly traded arms, Shriram Transport Finance Co. and Shriram City Union Finance Ltd., the people said.
58 million Indians living without pension: Survey
According to National Social Assistance Programme (NSAP), a welfare programme administered by the Ministry of Rural Development, 80 million elderly people in India are entitled to a pension of Rs 200 per month This meagre amount reaches only about 22.3 million people, Pension Parishad Coordinator, Nikhil Dey said.
LIC, Orix, SBI to subscribe to Rs 45 billion IL&FS rights issue
The IL&FS group is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27. It has over Rs 910 billion in debt at the consolidated level.