A bench of Justices JB Pardiwala and R Mahadevan said the changes...
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Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert...
Uniform cybersecurity norms should govern telcos, OTT communication apps: COAI
"COAI feels that the cybersecurity measures need to be reinforced...
Climate crisis: India showing intent as problem solver, says Bhupender Yadav at G20 meet
''India believes that environmental sustainability can only be achieved through climate justice and equity in resource usage, technology, financing and low-carbon development timelines. Anything less is unacceptable,'' Yadav said He said the G20 members must hold a...
India remains fastest growing economy with 13.5% growth in Q1
The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year. India's $3.3 trillion economy, with a per capita income of around $2100, has grown less than 2% a year in real...
Health insurance needs to provide covers for geriatrics care and pre-existing diseases, IRDAI chief
Debasish Panda, Chairman, IRDAI Health insurance sector has the potential to grow at a CAGR of 30-35 per cent with 3 A’s - Awareness, Accessibility and Affordability IRDAI has come up with BIMA SUGAM- an all in one insurance platform, where one can sell all products...
Ageas Federal Life deploys Munich Re Automation Solutions for cloud-based underwriting shift
Alby van Wyk, Chief Commercial Officer at Munich Re Automation Solutions said: “With the Indian life insurance industry speeding up to digitalisation, through the adoption of SPARK, Ageas Federal Life is demonstrating its commitment to, not just a seamless customer...
Precaution dose coverage remains at mere 12 pc despite govt efforts: Sources
According to latest genome sequencing data,, BA.2.75, a new sub lineage of Omicron, has become the dominant coronavirus strain circulating in the country New Delhi: With a mere 12 per cent coverage of precaution doses across the country so far, the Union Health...
Fairfax looks to settle mutual fund cross-holding norms case with Sebi
The capital markets regulator, in October 2021, issued a show cause notice against Fairfax Financial Holdings Limited (FFHL), the ultimate parent entity of Fairfax Group, alleging a violation of mutual fund rules by FFHL, according to the draft IPO documents of Go...
India can become an upper-middle-income country by 2047: Bibek Debroy
Bibek Debroy,Chairman,EAC-PM The country can become a USD 20 trillion economies by 2047 at this growth rate, he added. India, the world's sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. New Delhi: India can become...
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Axis is planning to take a 10% stake for around $9 million in the start-up's upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the largest...
ACKO Accident Index 2022: Delhi NCR records highest number of road accidents in the country
The Index, which is a report detailing accident trends seen across key metros, including Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai, revealed Delhi recording an accident rate of 20.3%, while Mumbai stood at 18.2%. The reasons behind the mishaps were also fairly...
Equity investors’ wealth falls by Rs 2.39 lakh cr as markets sink
''Indian market kicked off the new week with a deep cut followed by a sharp sell-off in global markets on the back of hawkish commentary by the US Fed chairman Jerome Powell,'' Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Foreign institutional...