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Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks,...
GST on renewable energy devices rationalised to 5%, to accelerate India’s clean energy transition
By making renewable energy more affordable and accessible, this...
Govt plans to ask lawyers to report clients’ dubious transactions- sources
"As jewellers, real estate agents, chartered accountants, and company service providers have been made reporting entities under PMLA, lawyers will be brought under the money laundering law next," one of the sources said NEW DELHI: The government is planning to ask...
Rule changes to bolster insurance penetration, more players to enter the sector soon: IRDAI Chief
Debasish Panda, Chairman, IRDAI Four new firms have entered the nation’s insurance sector in the last year, and a few more are in various stages of enrollment, indicating the business environment is favorable, according to Debasish Panda, Chairman, IRDAI. Assets under...
Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’
Niramala Sitharaman,Union Finance Minister ''MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should be...
Fire in Kolkata airport, passengers panic
No casualty was reported Kolkata: A fire broke out near a departure gate of the Netaji Subhas Chandra Bose International Airport on Wednesday night, officials said. Firefighting arrangements were pressed into service to douse the blaze as panic-stricken passengers...
Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million
Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident' to the regulator in an enclosed format...
19 injured in gas leak at Tata Steel plant in Odisha’s Dhenkanal
"A total of 19 patients from Tata Steel's Meramandali plant in Dhenkanal were brought here. They have all suffered burns," Dr Subrat Jena, Ashwini Hospital, Cuttack said Cuttack: As many as 19 workers sustained burn injuries following an accident reported at a blast...
India to remain among fastest growing large economies in 2023: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India RBI Governor made the remarks at the opening plenary address of Summer Meetings organised by Central Banking, London, UK today. "…India's growth in the last few years is mainly driven by robust domestic demand, especially...
SAT stays Irdai order transferring Sahara’s Life Insurance biz to SBI Life
"The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have been...
IRDAI appoints Zuno General Insurance as Goa’s lead insurer
Motor insurance dominates the market, accounting for approximately 77% of the state's Gross Written Premium (GWP), followed by fire and property insurance at 14%, and marine cargo and hull insurance at 3.5% Mumbai: Zuno General Insurance (Formerly Edelweiss General...