"Based on the perceived risk associated with the transaction,...
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Regulation
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100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that...
Karnataka HC rejects social media platform X Corp’s petition challenging takedown orders
"Social media needs to be regulated, and its regulation is a must,...
IRDAI asks insurers to put in place Climate Risk Management framework by Apr 1
As part of the Board’s internal governance practices, the Board has to consider and adopt appropriate steps and measures towards succession planning through a process of proper identification and nurturing of individuals for taking up directorship and KMP (Key...
Insurers need not seek its prior-approval for going public: IRDAI
The IRDAI will soon provide more clarity on capital structure of the applicants seeking new registration and provide more clarity on applicability of requirement of prior- approval for transfer of shares Hyderabad: Announcing some key measures, Indian insurance...
IRDAI asks insurers to cover AYUSH treatment in health policies
With a board-approved policy guidelines for AYUSH coverage and the IRDA has asked the general insurer to give policyholders an option to choose a treatment of their choice between Allopathic Treatment or AYUSH Treatment Hyderabad: In a bid to provide health insurance...
IRDAI: Sinha joins as member,Finance, Nithiyanantham promoted as ED
Sinha is now expected to play a key role in processing applications of new players, who have applied for the licenses , numbering over 20, and implementing regulator's key innovative tech platforms like Bima Sugam and Bima Vistaar, which were piloted by his...
Burman family raises stake in Religare Enterprises to 25%
Mohit Burman, chairman, Dabur India The acquirers of Raligare are controlled by members of the Burman family, which has investments across various sectors such as home healthcare, restaurants, insurance(Care Health Insurance), consumer goods, FMCG, etc. New Delhi: The...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
India ranks 93rd among 180 countries in Global Corruption Index 2023: Report
"Countries with continued high scores, such as New Zealand (3) and Singapore (5), maintain their positions at the top of the index globally, followed closely by other countries with stronger corruption control mechanisms, such as Australia (14), Hong Kong (14), Japan...
US to propose ‘know your customer’ requirements for cloud computing companies
U.S. Commerce Secretary Gina Raimondo The proposed "know your customer" regulation is set to be released as soon as next week. Top cloud providers include Amazon.com's AWS , Alphabet's Google Cloud and Microsoft's Azure unit. "We can't have non-state actors or China...
US: Indian-American former Pfizer employee found guilty of insider trading on Covid medicine trial
US Attorney Damian Williams highlighted that proof has been found that Dagar stole information about Paxlovid from his employer, Pfizer, and used that illegal edge to profit in the stock market Indian-American former Pfizer Inc. employee, Amit Dagar, who was charged...
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...