"More than one or two jurisdictions have changed their stance...
Category:
Indian News
Latest
90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman
Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per...
Sebi mulls safe UPI payment mechanism for registered market intermediaries
This initiative will enable investors to verify the authenticity of...
Curious case of IRDAI allowing Share Premium as equity capital for ITI Re
"By no stretch of imagination that the share premium amount be taken into account as part of the minimum paid up capital requirement of an insurance or reinsurance company either under the Insurance Act or the Companies Act," D Varadarajan, a Supreme Court lawyer...
Niva Bupa aims to achieve Rs 5,000 cr GWP; to expand footprint by FY23-24
Niva Bupa has presence in 350 cities across the country which would further increase to over 600 cities by FY23-24. The company aims to achieve Rs 5,000 crore GWP by FY23-24 In the southern market, the brand recorded a a steady growth by registering 84 per cent in...
Sebi issues framework on fees for investment advisory services for accredited investors
In case of large value accredited investors, the quantum and manner of exit load applicable to the client of the portfolio manager will be governed through bilaterally negotiated contractual terms, Sebi said in a separate circular Mumbai: Capital markets regulator...
India’s cybersecurity services and product industry revenue at USD 9.85 bn in 2021: Report
“India's cybersecurity industry was at the forefront supporting Government and all critical sectors to manage the heightened cyber security risk in the last two years through the pandemic,'' Ministry of Electronics and IT (MeitY) Secretary Ajay Sawhney said New Delhi:...
Center tells states to be on the alert as Omicron cases double
Health Secretary Rajesh Bhushan mentioned that initial evidence shows that Omicron is at least three times more transmissible than the Delta variant. Kindly activate the War rooms/EOCs (Emergency Operation Centre) and keep analysing all trends and surges, no matter...
Fire at IOCL’s Haldia Refinery kills three, injures several
''The primary cause seems to be a flash fire leading to burn injuries to 44 persons and 3 persons have unfortunately succumbed to their injuries,'' it said. Three persons were killed and 44 others suffered injuries in a fire that broke out in the Haldia Refinery of...
Mahindra group signs pact with Maha govt to set up vehicle-scrapping units
"Cero aims to create a network of world-class facilities across Maharashtra and India. Our centres will provide a platform for customers to scrap their vehicles in environment friendly manner and avail the benefits on purchase of newer vehicles which will be linked to...
No evidence to suggest that existing vaccines don’t work on Omicron: Govt
"There are limited available data, and no peer-reviewed evidence, on vaccine efficacy or effectiveness to date for Omicron," Union Health Minister Mansukh Mandaviya said in a written reply New Delhi:There is no evidence to suggest that existing vaccines do not work on...
No Cabinet decision on privatisation of two PSBs: FM Sitharaman
In the Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in the year and approval of a policy of strategic disinvestment of public sector enterprises, Finance Minister Nirmala Sitharaman said in a written...
Axis Bank emerges as highest bidder for Citi consumer biz
The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...