M Nagaraju,Secretary , Department of Financial Services In the...
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IAI to unveil its new Indian Mortality Table soon
LtoR-Asha Murali, secretary, Institute of Actuaries of India(IAI),...
ICICI Pru Life loses GST appeal cases, may have to pay over Rs1200 crore of taxes
However, in both the cases, the life insurer will file an appeal...
NGT seeks response from states on Arsenic fluoride in groundwater and tree cover loss
The NGT had earlier sought the response of various states and union territories in the matter. It had taken suo motu (on its own) cognisance of a newspaper report regarding the detection of arsenic and fluoride in the groundwater across 230 districts in 25 states, and...
No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures allowing 100 % FDI and launching new systems like composite license', differential capital', reduction in solvency norms', captive license, change in investment regulations, one-time registration for...
Insurtech firm Zopper raises $25 million in Series D funding round
"The round also saw participation from existing investor Blume Ventures, said Zopper which is also backed by Creaegis, Bessemer Venture Partners and ICICI Venture. Zopper will use this fresh funding to ramp up its digital technology infrastructure, by strengthening...
GIFT IFSC emerging as a global innovative re/insurance market place, says IFSCA chairman
K Rajaraman, chairman, International Financial Services Centre Authority IFSCA’s light touch and principle-based regulations have been aligned to global standards to provide the entities with flexibility to offer products in various classes of business including...
Billionaire Gautam Adani indicted in US for bribery and fraud
Gautam Adani, chairman and founder, Adani Group However, Adani group on Thursday denied charges of paying bribe to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the conglomerate is compliant with all laws....
Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report
(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...
After FM, Irdai chief urges bankers to avoid mis-selling of insurance
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...
Stalin says LIC website reduced to propaganda tool for Hindi imposition, Corporation resolves technical glitch
M K Stalin,Tamil Nadu Chief Minister LIC has clarified that there was a technical issue in the website which has already been resolved Posting a screenshot of the LIC of India webpage containing Hindi, the chief minister said in a post on social media platform ‘X’:...
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
In a statement Tuesday, RBI said it has come to their notice that fake videos of the Governor (Shaktikanta Das) are being circulated in social media that claim launch of or support to some investment schemes by the RBI Mumbai:The Reserve Bank of India (RBI) has...
Soil degradation on 30 pc of India’s land poses threat to agriculture: Union Agri minister
"We are producing more than 330 million foodgrains annually and exporting worth USD 50 billion. This success however comes with concerns, especially regarding soil health," Union Agriculture Minister Shivraj Singh Chouhan New Delhi: Agriculture Minister Shivraj Singh...