Amit Agrawal, Secretary, Department of Pharmaceuticals, Amit...
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Cloudbursts landslides in Uttarakhand 6 killed 11 missing
Uttarakhand has been hit hard by natural calamities this monsoon...
Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days
"The Sensex ended Friday's trade on a subdued note, slipping 270.92...
New life players-Acko Life Insurance and Credit Access Life Insurance receive licenses from IRDAI
Three new players have been given licenses in FY2022-23. Another 20 players which intend to enter country's life, non-life and reinsurance sector are in the pipeline, said IRDAI on Friday. Hyderabad: Finally, the long dry spell of new life players have come an end...
LIC,GIC Re and NIA continue to be listed as D-SIIs in 2022-23:IRDAI
Domestic Systemically Important Insurers refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system, said the Irdai Hyderabad: Life...
DFS joint secretary Sourav Mishra resigns
Sourav Mishra, joint secretary, Department of Financial Services Though, Mishra will be relieved on Apr 30, it is immediately not known whether a bureaucrat from the government or another private sector professional will replace him in the DFS which is headed by...
Sebi to boost disclosure norms; do away with permanent board seats for individuals
Sebi also said that listed entities will be required to fill up the vacancy of Directors, Compliance Officer, Chief Executive Officer and Chief Financial Officer within a period of three months from the date of such vacancy to ensure that such critical positions are...
IRDAI to hire senior professionals from open market, offers packages more than chairman’s salary
The posts which have been advertised for recruitments are Chief Technology Officer (CTO),Chief Communications Consultant (CCC), Chief People Officer (CPO) and Chief Risk Officer (CRO) The minimum gross emoluments for all these posts would be around Rs70 lakhs per...
World Bank approves $100 million to improve disaster response in Odisha
"The Program will help Government of Odisha scale up existing social protection systems to better protect vulnerable households from climate shocks," said Auguste Tano Kouame, the World Bank's Country Director for India. Washington: The World Bank's Board of Executive...
Sebi to put in place regulatory framework on ESG disclosure, ratings
Also, the regulator has decided to come up with norms for ESG Rating Providers (ERPs) amid the growing importance of their role in making investment decisions. To promote ESG investing, Sebi will introduce certain measures to address the risk of mis-selling and...
Sebi puts in place cybersecurity framework for portfolio managers
Accordingly, all portfolio managers with asset under management of Rs 3,000 crore or more, under discretionary and non-discretionary portfolio management service taken together, as on the last date of the previous calendar month will comply with the provisions of...
NCLAT upholds Rs 1,337.76 cr fine on Google, make some modifications in CCI order
On October 20 last year, the Competition Commission of India (CCI) slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. CCI had also ordered the internet major to cease and desist from various unfair...
Piramal and TPG plan exit from Shriram General
Shriram Capital is the largest shareholder of Shriram General Insurance Holdings, with a 63.88% stake. Piramal owns about 20%, while TPG has a roughly 9.5% holdings. An employee’s trust holds the remainder Mumbai: Billionaire Ajay Piramal and TPG Inc. are considering...