The amalgamation of PSBs, as envisaged, has contributed to...
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Indian drugmakers flood market with cheaper versions of Novo’s Ozempic, Wegovy
Analysts expect more than 40 Indian drugmakers to launch over 50...
Ayushman Bharat crosses 11.69 crore hospital admissions, 6.74 crore in private hospitals: Govt
Prataprao Jadhav,Minister of State for Health and Family Welfare...
IRDAI grants license to Prem Watsa promoted Indian reinsurer Value Attics
The IRDA has also identified Life Insurance Corporation of India, The New India Assurance Company Ltd and General Insurance Corporation of India as Domestic Systemically Important Insurers (D-SIIs) for FY 2024-25 Oben Ventures LLP (promoted by Kamesh Goyal) and FAL...
RBI invites applications for recognition of SROs for account aggregator ecosystem
The account aggregator framework facilitates secure and seamless exchange of specified financial information through Non-Banking Financial Company-Account Aggregators, which act as intermediaries between Financial Information Providers (FIPs) and Financial Information...
Equity MFs inflow drops 26 pc to Rs 29 303 cr in Feb SIP hit 3-month low
Inflows into systematic investment plans (SIP) came at Rs 25,999 crore in February, making it three months low. Before this, SIP inflow was Rs 26,400 crore in January and Rs 26,459 crore in December New Delhi: Inflow in equity mutual funds dropped 26 per cent to Rs...
PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26
The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during...
HC quashes Chennai Metro’s notice to United Insurance Ccompany
Justice N Anand Venkatesh quashed the notice dated September 26, 2024 while allowing a petition filed by United India Insurance Company, which challenged the notice issued by CMRL proposing to acquire a portion of its property Chennai: The Madras High Court on Tuesday...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...
Bima Sugam and Bima Vahaks poise to revolutionise country’s insurance penetration: NIA Chief
l to r-Sushama Anupam, General Manager(GM), New India Assurance(NIA) Surbhi Goel, CEO, Munich Re India branch , Girija Subramanian, CMD, NIA Rohini Hattangadi, bollywood actress and Smitha Srivastava,, executive director,NIA, Mukta Sharma, GM, NIA, at the launching of...
RBI to promote innovations in payment systems with soft touch regulations:Governor
Sanjay Malhotra,Governor , RBI "We will continue to encourage innovation while promoting safety and security through soft touch regulations," the RBI chief said and added that the central bank has adopted a soft-touch approach to regulating the payments ecosystem and...
Irdai permits insurers to undertake transactions in bond forwards for hedging
In a circular on 'Exposure to Forward Contracts in Government Securities (Bond Forwards)', Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI's directions and considering insurers requests for introduction of Bond Forwards,...
Social media and digital accounts accessed only in search, survey ops: I-T official
"These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as WhatsApp...