Shivraj Singh Chouhan,Union Agriculture Minister India has expanded...
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Govt approves Rs950 cr BMI Pool along with Rs12,980 cr Sovereign Maritime Fund,to support Indian linked vessels at affordable cost
Earlier, looking beyond the ongoing West Asia crisis, which has...
Prudential plc appoints Amit Dave as CEO of Indian health JV
Ami Dave Naveen Tahilyani, Regional CEO, Prudential, said “ Amit...
Sithraman tables Insurance Amendment Bill, 2025 in Lok Sabha
Nirmala Sitharaman,Union Finance Minister "We want the regulator (Insurance Regulatory and Development Authority of India) also to be more robust. We have taken measures around this in the amendment ranging from better regulatory oversight, ease of compliance,...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
Insurance Amendment Bill, 2025: IRDAI further empowered to protect customers
The bill provides that the IRDAI may in the interest of the policyholders, specify by the regulations, the limits of any commission, remuneration or reward in any form payable to an insurance agent or an insurance intermediary, the manner of such payment, the manner...
Govt officials hold road shows in London and Singapore for GIC Re disinvestment
The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
Japan’s MUFG in final talks to acquire 20% stake in Shriram Finance for over $3.2 billion, report says
Facing a shrinking domestic market and years of rock-bottom interest rates, Japan's biggest banks have for years sought out overseas targets. TOKYO:Japan's Mitsubishi UFJ Financial Group is in final talks to acquire a 20% stake in Indian non-bank financial institution...
New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India(SHANTI) Bill, 2025, drops a rule that let operators sue suppliers for equipment defects, a provision foreign suppliers have long opposed. Foreign suppliers include...
Surge in gold, silver prices due to geopolitical tensions, says FinMin
Minister of State for Finance Pankaj Chaudhary Gold and silver serve a dual role not only as a consumption item but also as an investment avenue, as they are considered safe assets for hedging against uncertainties.Thus, an increase in the price of gold or silver...
SC mulls pan-India guidelines to prevent road accidents on expressways, NHs
A bench of Justices J K Maheswari and Vijay Bishnoi flagged the construction of illegal "dhabas" on both sides of national highways and expressways as a possible cause of road accidents and asked Solicitor General Tushar Mehta, who appeared in the matter for the...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers
Any possibility of three companies- NIC, OIC and UII - getting merged with New India Assurance(NIA), the country's largest general insurance company, is ruled out as latter has opposed it tooth and nail New Delhi: Beginning its home work on the issue of merger of...