The move assumes significance as the government is, for the first...
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Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset...
Star Health ropes in former commerce secy Rajeev Kher as chairman
``I look forward to working closely with the Board and management...
Govt issues draft rules for car firms for mandatory rear seat belt alarm
"Safety-belt reminder" means a system dedicated to alerting the driver when the driver and all other front-facing seat occupant(s) do not use the safety-belt. The system is constituted by a detection of an unfastened safety-belt and by a driver's alert which is a...
IRDA forms Ritesh Kumar panel to study long-term products in Property (Dwelling), Motor and Health Insurance
The new WG will examine framework surrounding the products in general insurance including Health Insurance segment for other than annual policies and for uniformity in the approach to be followed Some of the other members of WG are-Neeerja Kapur, CMD, New India...
Cyber attacks on Indian healthcare industry second highest in the world: CloudSEK
According to the firm, the technological advancement in the healthcare industry like remote health monitoring, electronic health records and the Internet of Things (IoT) provided cyber criminals with more opportunities to attack the sector. The number of cyber attacks...
Working to implement common KYC for financial transactions: FM
Nirmala Sitharaman, union finance minister ''There is a central repository which takes care of central KYC. We are also now working in such a way that once you have given your KYC, it can be applicable at various institutions at various times for various requirements...
RBI wants fintech operators to follow rules of game: Shaktikanta Das
Shaktikanta Das,governor, RBI The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced to commit suicide and the last week's incidence of a young pregnant woman being mowed down by the...
Tier 2, 3 cities becoming centre of economic activities, states should start planning from now: PM Modi
Prime Minister Narendra Modi "The states should start planning of tier 2 and tier 3 cities from now. Tier 2 and Tier 3 cities are now becoming the centre of economic activities. Our startups are taking place in those cities. We should focus on developing industry...
FSIB selects 10 GMDs for PSU general insurers and GIC Re
After interviewing 20 candidates, FSIB has chosen Arvind Logani and YK Shimray(for New India Assurance), Inderjeet Singh and Madhulika Bhaskar(GIC Re), Rajeshawri Singh and Navneet Doda( for United India Insurance) and PR Chittaranjan and Geeta Santaseelan(for...
Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’
Without disclosing the reason, Sebi said "issuance of observations (has been) kept in abeyance" with regard to the IPO of Go Digit, an update on the regulator's website showed on Monday. The information was updated on September 16 The issuance of observations by Sebi...
GIC Re is 3rd largest Asian reinsurer in S&P’s 2022 global chart
Globally, GIC Re, which is pruning its premium base by shedding its loss making business to be profitable, is the 14th largest international reinsurer in 2022. It was the 11th largest global reinsurer in 2021 ``We would prefer to be one of the largest profitable...
Adani’s ascent boosts India’s clout in emerging-market equities
Gautam Adani Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by Bloomberg show. The index has outpaced...