In March this year, Infosys had informed the stock exchanges that...
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Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian...
Sunil Sharma takes over as CEO of RGA’s India operations
Sunil Sharma,CEO, RGA, India Sunil Sharma, a qualified actuary, holds more than 30 years of experience in insurance and reinsurance markets globally and was the president, chief actuary, and chief risk officer at Kotak Life most recently Hong Kong: Reinsurance Group...
Bima Manthan: IRDAI to include state insurance plans in revised rural and social obligation for the industry
The mission of achieving maximum insurance inclusion received further impetus through deliberations on the progress of the industry under the State Insurance Plan, said the IRDAI on Thursday The broader discussions ventured into crucial areas, such as availability of...
Arbitration Clause valid only for commercial segments and not for retail insurance, says IRDAI
Accordingly, the IRDAI, in a recent circular, has asked the general insurers to state in the policy documents for commercial lines of business that “The parties to the contract may mutually agree and enter into a separate Arbitration Agreement to settle any and all...
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations
The regulator carried out a detailed probe after receiving a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long range terrain critical routes, according to a release on Wednesday New Delhi:...
Australia imposes sanctions on Russian hacker over Medibank breach
This is the first time Australia has used its cyber sanctions framework since legislating it in 2021. The sanction makes it a criminal offence, punishable by up to 10 years in jail and fines Australia on Tuesday imposed cyber sanctions on a Russian man for his role in...
Global watchdog to report in October on how social media fuels bank runs
Depositors pulled $42 billion from Silicon Valley Bank in just 10 hours. FSB Secretary General John Schindler said the watchdog is looking at how have deposit dynamics changed, what role has social media played, and what role has new technology played now that...
Amid pollution crisis in Delhi informal sector workers grapple with job loss and health risks
Working in the construction industry, despite its polluting nature, has become an unavoidable necessity for these workers, exposing them to some of the most severe health repercussions New Delhi: Amid pollution crisis in Delhi, informal sector workers grapple with job...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...
Panda to address 2-day Bima Manthan for insurers
Debasish Panda, chairman, IRDAI The 2-day meet on Jan 23rd and 25th will be participated by CEOs of life and general insurance industry respectively Hyderabad: Debasish Panda, chairman, IRDAI, will be addressing the last Bima Manthan meet of FY 2023-24 on Thursday in...
Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC
A bench of justices Surya Kant and K.V. Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency are continuously evolving and the government is deliberating on the mechanism to...