The plea seeks safeguards for minors accessing social media, and to...
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IRDAI weighs Jan 1 or Apr 1, 2027 rollout of new distribution reforms & EoM norms; Bima Sugam likely by November: Seth
Ajay Seth, Chairman, IRDAI Defending the regulator’s sweeping...
Boeing flags 737 MAX software glitch affecting landing navigation feature, WSJ reports
Boeing has identified a previously undisclosed 737 MAX software...
Dinesh Pant resigns as MD of LIC, to join as member, Actuary,IRDAI soon
With Pant's departure, LIC has now vacancies of two managing directors.Going by the rules, for one of the MD posts, for the first time, private sector candidates can apply. New Delhi: The government has accepted the resignation of Dinesh Pant, 59, managing director,...
IRDAI plans sweeping reset of insurance distribution, say experts
“The changes would directly affect automobile dealers, OEM-linked brokers, insurers and other motor insurance distributors quite drastically. By reducing upfront earnings from new-vehicle policies and tightening dealer-linked arrangements, the proposals could further...
UN chief calls for AI pact to prevent rise of killer robots
Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of India (FSSAI) informed that it has launched a "major crackdown on e-commerce platforms, including Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over regulatory non-compliances". The...
EU to require data centres to disclose energy and water efficiency
To attempt to incentivise companies to build more energy- and water-efficient data centers, the Commission has proposed a rating scheme for facilities, to make this information more transparent. Australia’s state of Victoria has banned the construction of data centers...
IRDAI repeals guidelines on repatriation of dividends by intermediaries owned by foreign investors
The new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, among other things, has removed the requirement of obtaining prior approval of the Authority for the repatriation of dividends and the condition on related party payments. Hyderabad:The IRDAI said it...
IRDAI fines Canara HSBC Life and IndusInd bank Rs 1 cr each for violating norms
Indian insurance regulator IRDAI has imposed a fine of Rs one crore each on Canara HSBC Life Insurance and IndusInd Bank for violating regulations. Canara HSBC Life Insurance had sold a deferred annuity policy with an annual premium of Rs 2 lakh and a four-year...
FSSAI initiates legal action against Nestle India over infant nutrition products
According to FSSAI, it examined NAN Excella Pro Stage 1, Lactogen Pro 1, and a follow-up formula along with their promotional material available on e-commerce platforms.Both the products were found to be in contravention of Regulation 4(2) of the Food Safety and...
Financial fragmentation could amplify shocks across global insurance markets: Geneva Association report
Jad Ariss, managing director of the Geneva Association, said, "The global economy is entering a new phase in which geopolitical considerations are playing a greater role in shaping financial markets. For an industry built on international risk sharing and long-term...
BRICS finance chiefs urge reform of global development financial institutions
"We continue to have serious concerns with the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures, which distort trade and are inconsistent with World Trade Organisation rules," the finance chiefs'...