The sharp rise in investor numbers has gone hand in hand with...
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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...
Passage of Insurance Bill in Parliament to play catalytic role for sector growth: LIC Chief
The Bill provides a framework for greater operational agility and...
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,...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI
"COAI feels that the cybersecurity measures need to be reinforced with clear outlines on the purpose, which is to free the people of such unwanted spam/fraud calls and messages to the maximum extent possible. For the same purpose, it may be judicious that similar...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers," he said at Credit...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will exit...
Fire breaks out at Aurobindo Pharma’s plant in AP; co temporarily suspends ops
Importantly, there were no injuries reported, it added. “As a precautionary measure and to facilitate necessary equipment replacements, operations at the plant will be temporarily paused for an estimated period of 20 to 25 days,” the company said. New Delhi: Aurobindo...
FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI
Nirmala Sitharaman,Finance Minister NPCI officials also informed the Finance Minister that between 2021-22 and 2024-25, around 26 crore new users and 5.5 crore new merchants have been successfully onboarded onto the UPI platform. UPI now has approximately 45 crore...
`Golden hour’ cashless treatment scheme for road accident victims to be implemented within a week, Govt to SC
Additional Solicitor General Vikramjit Banerjee appearing for for the Centre submitted that the GI Council was not cooperating. He informed the Court that the GI Council wanted to check the status of insurance policies of the victim before releasing funds and had...
SC notice to Centre on plea to ban sexually explicit content on OTT social media
The plea sought the Centre to stop access to social media and OTT platforms until they formulated a mechanism to bar access to pornographic content, especially to children in India New Delhi: The Supreme Court on Monday called it an "important concern" and sought...
Perfios takes over healthcare information exchange platform IHX
“The acquisition of IHX is a strategic leap in our mission to transform the healthcare claims landscape. IHX has long served as the backbone of India’s health claims ecosystem, and we are excited to welcome the IHX team into the Perfios family,” said Sabyasachi...