The bench said that two years back while dealing with a case...
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Regulation
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Govt mandates legal interception of satcom services bars data routing outside country
The move assumes significance as the government is, for the first...
India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI
In value terms (USD), the share of gold in the total foreign...
IRDAI allows modifications in some closed life products
The move will help the life insurers to provide enhanced flexibility while ensuring that policyholders benefits are not adversely impacted, the life insurers had told the IRDAI Hyderabad: The IRDAI has now allowed the life insurers to modify some of their products...
Insurers have to provide key details of health policies separately to customers: IRDAI
The separate information sheet accompanying a health insurance policy has to be also signed by the customer before policy is getting issued by the insurer Hyderabad: Further streamlining the customer friendly features in a health insurance policy, segment regulator...
Uncertainty looms over Reliance Nippon Life Insurance JV as RCAP Resolution Plan to come up for NCLT approval on Wed
According to a banker involved in the process, as the resolution plan states that all existing shareholders agreement will be nullified, there is a question mark on the fate of RCAP's life insurance joint venture with Nippon Life of Japan Mumbai: The resolution of...
India’s aviation watchdog reviewing fatigue data after pilot death
The rare review, which has not previously been reported, comes after an IndiGo pilot collapsed and died before his flight last week. That has sparked complaints from some Indian pilots that they are being stretched to the brink by airlines, even though they comply...
US business lobbyists struggle to soften new SEC rules on quick disclosure of cybersecurity breaches
Under the rules, publicly traded companies will later this year have to start disclosing cyber incidents within four business days of determining they are material to shareholders Companies will only rarely be able to delay making an incident public due to national...
Tesla investors to get $12,000 each from Musk’s SEC deal
The US Securities and Exchange Commission aims to pay the investors the $40 million plus interest that Tesla’s chief executive officer and the company agreed to as civil penalties to settle a lawsuit by the regulator Investors had incurred losses from Elon Musk’s...
US sues SpaceX, alleges hiring discrimination against asylum recipients, refugees
“The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act,” the...
Europe is cracking down on Big Tech. This is what will change when you sign on
People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon.That's because Big Tech companies, most...
IRDAI lowers capital of FRBs to Rs 50 cr from Rs100 cr, order of preference streamlined to 4 levels from 6
This comprehensive regulatory overhaul is strategically designed to position India as a prominent global reinsurance hub. The revised Order of Preference for International Financial Services Centre Insurance Offices (IIOs), coupled with simplified regulations and...
Cryptoassets increase risk in developing economies: BIS study
“Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges” especially in emerging markets, but “have so far not reduced but rather amplified the financial risks in less developed economies,” the BIS report showed...