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Sebi introduces new incentive structure for mutual fund distributors
Under this, asset management companies (AMCs) will pay these...
New telecom cybersecurity rules in force, DoT clarifies enforcement status
The TCS Amendment Rules, 2025, notified in October, introduce new...
IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today
Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
India to spend $300 million to mitigate floods, conserve water in big cities
S. Vatsa, one of the three members of the National Disaster Management Authority, said of the Rs 2500 crore ($298 million), Mumbai, Chennai and Kolkata would each receive Rs 500 crore, while Ahmedabad, Hyderabad, Bengaluru and Pune will get 250 billion rupees each. No...
SC forms panel to mull over safety of medical professionals
“We are deeply concerned that there is a virtual absence of safe work conditions across the country, particularly in public hospitals. Most of the young doctors have to put in 36 hours of work.'' The 10-member task force headed by Vice Admiral Arti Sarin has been...
Court not super regulator says HC on Swamy’s plea against Axis-Max transaction
In his petition, Swamy alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations New Delhi: Stating that it should not act as a...
Government, Banks, regulators and security agencies need to collaborate to check cyber security for banking industry
L to R- Vivek Joshi, secretary, Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and M. Nagaraju, secretary-designate, DFS. at at a meeting in New Delhi to review the performance of public sector Banks (PSBs) The...
Indian port workers call for strike over pay and pension demands
Around 20,000 workers are part of the group of port workers' unions, and all of them would join the strike. The immediate impact of the strike might not be grave, but if it goes on for more than two to three days, the ramifications would be severe, said Sathya...
Mpox scare: Centre tells international airports to be vigilant
P K Mishra, Principal Secretary to the Prime Minister "The virus strain this time is different and is more virulent and infectious. But the risk of a large outbreak with sustained transmission is low in the country as per the current assessment," an official source...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
According to sources close to the development, the brand Reliance is 50:50 jointly owned by Mukesh Ambani and Anil Ambani, and the same can not be allowed to be used by any other company or individual. ADAVPL, in its application, has also argued that the company was...
FinMin should identify high risk taxpayers in GST composition scheme: CAG
"The Ministry should identify high risk taxpayers in the CLS on a periodical basis using a risk-based approach and verify their declared value of outward supply from other sources including third parties to minimize the possibility of misuse by ineligible persons,"...
Trademark infringement: Burger King loses legal battle against namesake Pune eatery
The court said US based Burger King Corporation has "miserably failed" to prove that the eatery here had infringed its trademark Burger King while running the restaurant in Pune. Pune: US giant Burger King Corporation has lost a 13-year-old legal battle against its...