Some of the names where the government will like to disinvest...
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US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one...
Insurers start passing on full benefits of zero GST on retail Life and Health covers
``The net outgo for individual consumers has been reduced for...
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
Govt highlights GIFT City as funding destination for Startups
''So far, the startup founders have largely used VC from abroad for funding. The government would prefer that they use other avenues for funding including the offshore financing framework that we set up in GIFT City,'' Rajesh Kumar Singh, the secretary of the...
Scientists announce sequencing of 10,000 genomes of Indian population
Creating a database of Indian genomes means that researchers anywhere can learn about genetic variants that are unique to India's population groups and use that to customise drugs and therapies New Delhi: Scientists on Tuesday announced that they have sequenced...
Maha to inspect outlets of global fast-food chains after McDonald’s cheese crackdown
McDonald's biggest India franchisee, Westlife Foodworld, has been defending its use of "real cheese" after media reported that state authorities last year found some products made use of so-called cheese analogues of vegetable oil, rather than real cheese Mumbai:...
NCLT approves Hinduja Group firm IndusInd International Holdings’ resolution plan for Reliance Capital
However, no final decision on the matter can be taken by the lenders of RCL now as the Supreme Court's stand on the Torrent Investment's plea against the second round of auction held by the lenders of RCL is still pending with the apex court Mumbai: The National...
Govt may look at enhanced KYC requirements for certain class of corporates
As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data New Delhi: The matters related to KYC (Know Your Customer), including a...
FM Sitharaman stresses on compliance of norms at meet with fintech heads
While the government has made it clear that there can be no compromise over the compliance to regulatory norms, it has also given the assurance that the fintech sector is seen as playing a key role in the Indian economy and various steps have been taken to nurture the...
Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s focus of making formal financial services available to masses, this acquisition further enhances that endeavour Mumbai: Aegon Life, a digital life insurance company, today announced the transfer of the...
Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO
''This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been.'The survey findings indicate that...
IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal
The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...