It encompasses basic concepts related to AI, its use in various...
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Sebi mandates cooling-off period for directors at market infrastructure institutions
In two separate notifications dated April 30, Sebi said that a...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to...
India on track to become solid global player due to strong financial regulations say experts
The RBI Deputy Governor said India was in a "sweet spot" to grow robustly, despite global turmoil and monsoon risks to growth, and to do so, developing credit markets was essential Kozhikode (Kerala): India is on the path to become a solid global player due to robust...
Sebi working on AI tool to curb misselling by mutual funds: Buch
''We are working on the question of misselling that may happen by a mutual fund distributor or an agent or by someone who is the responsibility of the mutual fund,'' Madhabi Puri Buch said while speaking at the fourth Global Fintech Fest Sebi has proposed a...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
Bima Manthan: IRDAI to meet insurance CEOs on Sep 4-5
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on Sept 4. On Tuesday, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies...
Under new Australian laws, jail, heavy fines for wage thieving employers
Under the proposed laws, the maximum criminal penalty for employers who are found to have intentionally engaged in wage theft will be increased to a 10-year imprisonment and fines worth up to 7.8 million Australian dollars ($5.03 million), or three times the amount...
Sebi to curb finfluencers to help investors get accurate, unbiased info
In the case of other financial advice, finfluencers must have appropriate credentials, such as a license from the Insurance Regulatory and Development Authority of India (IRDAI), chartered accountancy (CA), or a company secretaryship. Adherence to disclosure is a...
Obligation of IRDAI to ensure persons with disability not unduly prejudiced: HC
The Insurance Regulatory and Development Authority of India (IRDAI) being the sector regulator would also have an obligation to ensure that Rights of Persons with Disabilities (PwDs) are not unduly prejudiced and give suitable directions to insurance companies after...
“Initiatives taken to make UPI system available on feature phones”: RBI Governor Shaktikanta Das
“We have encouraged digital payment but the main challenge on the UPI is that it usually needs a smartphone but in our country, a large number of people are using feature phones. We have launched some products to make feature phones to operate the UPI system as well....
Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI
Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules Chennai:...
Reliance Capital resolution plan all set to clear its final hurdle today
According to sources, based on this SC order, the NCLT is likely to follow the same path and dismiss Torrent’s plea. Prior to NCLT, Torrent Investment had approached SC and filed a plea seeking to restrain NCLT from considering IIHL's resolution plan, but in a setback...