However, in both the cases, the life insurer will file an appeal...
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Nandan Nilekani flags AI backlash risk, calls diffusion of technology a necessity
Infosys Chairman Nandan Nilekani noted that AI's most visible...
NGT forms panel, seeks comprehensive plan to protect coastal erosion of Sunderbans
During the hearing, the West Bengal government informed the...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers
Any possibility of three companies- NIC, OIC and UII - getting merged with New India Assurance(NIA), the country's largest general insurance company, is ruled out as latter has opposed it tooth and nail New Delhi: Beginning its home work on the issue of merger of...
Parl Panel for diversification of crude sources to cut geopolitical risks
n its report tabled in Parliament last week, the Public Undertaking Committee noted that India imports nearly 89 per cent of its crude oil requirements, making the country vulnerable to global disruptions arising from conflicts, sanctions, civil unrest in...
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams
Fraudsters, the Department warned, are increasingly using fake sender IDs, misleading links and look-alike websites to trick individuals into revealing sensitive details such as PAN numbers, passwords and one-time passwords (OTPs).The Department has reiterated that...
CBDCs more superior to Stablecoins as they satisfy all attributes of money: RBI DG T Rabi Sankar
"Stablecoins can undermine trust in the currency and finance system. India already benefits from a payments landscape that is highly efficient, reliable, and robust. Systems such as UPI, RTGS, and NEFT provide fast, low-cost, and secure payment capabilities to...
Cabinet nod for Bill seeking to open up civil nuclear sector for private participation
To facilitate the implementation of the Nuclear Energy Mission, amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act will be taken up by the parliament for shielding plant operators and cap equipment suppliers' liability, along with...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like Composite License, Open Architecture and allowing Differential Capital Among new provisions, the bill proposes to constitute a Policyholders’ Education and Protection Fund, One-time registration of insurance...
Central law on eviction of unauthorised occupants prevails over state rent laws: SC
A three-judge bench of Justices Vikram Nath, Sandeep Mehta and N V Anjaria ruled that the provisions of the PP Act apply retrospectively, meaning tenants who have occupied premises belonging to government corporations like the Life Insurance Corporation (LIC), other...
AM Best revises New India’s outlooks to positive
The Credit Ratings reflect New India’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management (ERM) Singapore: In a major boost for New India...
Cyber attack on govt networks surged nearly 7 times post-Operation Sindoor: NICSI MD
"Post-Operation Sindoor, attackers have intensified their efforts and attempted hits on government networks have surged nearly seven times, exposing new vulnerabilities in ministries, data centres, and citizen services. This underscores the need for advanced defences...