Advocate Prashant Bhushan, appearing for the NGO ‘Safety Matters...
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Consumer Affairs Ministry activates dedicated INGRAM portal to handle GST-related complaints
This category features major sub-categories, including Automobiles,...
Allahabad HC sends notice to Facebook Instagram others on objectionable video of seer
The petition demands that the central and state governments should...
Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s focus of making formal financial services available to masses, this acquisition further enhances that endeavour Mumbai: Aegon Life, a digital life insurance company, today announced the transfer of the...
IFRS 17: Successful Strategies
It is important to note that IFRS 17 or Ind AS 117 do not alter the fundamentals of business. Good underwriting, expense efficiencies, good risk management and customer satisfaction will remain the core of business. The expected aim of the standard is to bring in more...
IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal
The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...
US regulator SEC drops some emissions disclosure requirements from draft climate rules
Scope 3 emissions, proposed to be withdrawn, account for greenhouse gases, such as carbon dioxide, released in the atmosphere from a company’s supply chain and the consumption of its products by customers. For most businesses, Scope 3 emissions represent more than 70%...
Sebi using AI for investigations, says whole time member Kamlesh Chandra
Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems Mumbai: Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time...
Trai recommends introduction of CNAP Supplementary Service for caller name display on phones
Industry body COAI, whose prominent members include Reliance Jio, Bharti Airtel, and Vodafone Idea, had earlier contended that the implementation of Calling Name Presentation (CNAP) should not be made mandatory but kept optional for telecom operators. COAI had flagged...
IRDAI retains Obligatory Cession to GIC Re at 4% for FY25
The IRDAI, after consultation with the Advisory Committee, and with the previous approval of the Central Government has taken the decision that the percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC...
Indian Fintech: Fast, Furious — and Fraudulent?
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
Centre issues stern warning against surrogate ads seen as harming consumers
“We are committed to working collaboratively with all stakeholders as we navigate through this evolving issue. The Department of Consumer Affairs reaffirmed its stance with utmost clarity that any continued involvement in surrogate advertising will not be condoned. It...
‘Money mule’ bank accounts on the rise in India: Report
Mule accounts are owned by people who are duped by fraudsters into laundering stolen/illegal money via their bank accounts. When such incidents are reported, the "money mule" becomes the target of investigations due to their involvement New Delhi: Banks in India need...