"The Union of India is directed to file an affidavit on the...
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Paytm founder calls out scamster impersonating him shares screenshots of hilarious exchange
Vijay Shekhar Sharma,Paytm founder and CEO The encounter, which...
DoT introduces ‘Financial Fraud Risk Indicator’ to fight cyber fraud
This will enhance cyber protection and validation checks in case of...
Emerging Risks: Financial sector reliance on 2-3 big tech cos poses major risks, says Axis Bank CEO
Amitabh Chaudhry, managing director and chief executive warned that "the country's banking system now relies on two three big companies for their software service requirements, and this can lead to emerging risks in case these companies stop investing and ensuring...
Oriental Insurance CMD Anjan Dey puts in his papers on health grounds
Anjan Dey, CMD, Oriental Insurance Company N Ramaswamy,general manager, GIC Re and RR Singh,diretor & general manager,OIC, are two top contenders for the OIC chief post Dey had joined OIC in March 2021 and has tenure till November 2023 It is now expected a lot of...
Medi Assist acquires majority stakes in UK-based healthcare company Mayfair
Satish Gidugu, CEO, Medi Assist said,“ With Indian corporates expanding internationally and international travel on the rise, demand for international health insurance is witnessing tremendous growth. With this new alliance, we aim to provide services beyond Indian...
Pradhan writes to Tomar, seeks probe into farmers’ insurance scheme implementation in Odisha
Pradhan also sought a probe into the ''conduct of private insurance companies empanelled in the PMFBY in Odisha, especially in Bargarh district'' The education minister, in the letter, said that the issue was being raised by him after having received a petition from...
PFRDA appoints Suraj Bhan as chairman of NPS Trust
PFRDA has onboarded Shriram Life Insurance Company (SLIC) as the annuity service provider for the NPS scheme. The empanelment will help the insurance company manage the annuity component of the maturity proceeds under the National Pension System (NPS), SLIC said in a...
LIC’s move to sell Reliance Capital’s debt to ARC upsets lenders, bidders
LIC's timing and pricing of selling its Rs 3,400 crore debt of RCAP debt have raised eyebrows. Bidders have alleged a conflict of interest in the sale of LIC debt to ACRE, as both ACRE and LIC are members of RCAP's COC. ACRE has an exposure of Rs 1,350 crore in RCAP...
Panda meets general re/insurers, takes stock of industry functioning
Debasish Panda,chairman, IRDAI ``This meeting was for general update and to review industry performance in terms of growth, loss ratio, claim settlement ratios, initiatives taken by the IRDAI in the last few months and as an industry what else can be done to...
Sebi amends rules; introduces new option for appointment, removal of independent directors
''In case a special resolution for the appointment of an independent director fails to get the requisite majority of votes, but the votes cast in favour of the resolution exceed the votes cast against the resolution, and the votes cast by the public shareholders in...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to low-carbon development is based on four key considerations -- low historic contribution to global warming, energy needs for development, commitment to low-carbon growth according to national circumstances...
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter into a contractual framework with the AAs, and the same has to distinctly specify the rights and obligations of each party and modalities of dispute resolution mechanism Hyderabad: The...