Ajay Seth, chairman, IRDAI Though, basically it will be a welcome...
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SEBI eases IPO shareholding rules, brings relief for large companies
According to SEBI’s release, companies with a market capitalisation...
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
The issue of globally competitive banks was deliberated during the...
FSIB kickstarts exercises to appoint 9 EDs in PSU general insurance companies
FSIB has shortlisted a few of GMs who were promoted in FY2022-23 and also in FY 2023-24, though they have not completed one year in the posts New Delhi: After deciding to convert the posts of general mangers and director(GMDs) into executive directors(EDs), the...
Gujarat’s GIFT City to be one of the top global financial centres in coming years CM Patel
Elaborating on the GIFT-IFSC, Gujarat Chief Minister Bhupendra Patel said there are 580 operational entities in the International Financial Services Centre (IFSC). Notable large-scale investments have already been flowing in GIFT-IFSC, including global players like...
LIC to pick up 10% stake in NHB-promoted company
In a regulatory filing, LIC said the board has cleared the proposal to invest in a new company, promoted by the NHB, for residential mortgage-backed securities, through equity contribution up to 10 per cent of the share capital Mumbai: Life Insurance Corporation of...
India’s exports may take a $30 billion hit on Red Sea disturbances
Higher global freight and insurance rates, possible upside risk to oil and global trade and re-emergence of potential supply chain would mean cost push inflation pressures New Delhi: India may see around $30 billion shaved off its total exports in the current fiscal...
PK Arora, Member, Actuary, IRDAI gets 2-yr extension
Pramod Kumar Arora, member, Actuary, IRDAI Though, the government had advertised for the post sometime back, it decided afterwards to give extension to Arora, who was also managing Reinsurance Department at the IRDAI New Delhi: The government has given two...
Indian tax payers migrating to higher range of total gross income: SBI Research report
The number of ITRs filed by people earning between Rs 10 lakh and Rs 25 lakh has increased by 291 per cent, the report said. Total number of persons filing Income tax increased to 74 million in the assessment year 2022-23 from 70 million in 2021-22 Mumbai: The income...
Mukesh Ambani owns same Boeing jet that was in Alaska Air accident
Reliance has several other jets in its corporate fleet, including two Embraer SA ERJ 145 aircraft and one Airbus SE A319. It also has two helicopters, a Dauphin and a Sikorsky, in its company hangar, according to media reports. India’s Directorate General of Civil...
DGCA says checks of Boeing 737-8 Max planes completed satisfactorily
"These checks have been satisfactorily performed on the fleet of operational fleet of Boeing B737-8 Max aircraft by Air India Express (4), Spicejet (8) and Akasa (20)," DGCA said in a statement New Delhi: Aviation regulator DGCA on Monday said the checks of Boeing...
Payout by life insurers moderates in FY23 compared to previous year
The benefits paid on account of surrenders/withdrawals increased by 25.62 per cent to 1.98 trillion in 2022-23, of which public sector insurers accounted for 56.27 per cent New Delhi: Payout by life insurance companies declined by about Rs 6,000 crore during 2022-23...
India orders new drug-making standards after overseas deaths
"The manufacturer must assume responsibility for the quality of the pharmaceutical products to ensure that they are fit for their intended use, comply with the requirements of the licence and do not place patients at risk due to inadequate safety, quality or...