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...
Insurers Vs Hospitals: GI Council wants to sort out issues with AHPI through constructive dialogue, Tapan Singhel
Tapan Singhel, MD & CEO Bajaj Allianz General Insurance and Chairman, GI Council said,`` As an industry, we are working towards developing a platform for a 100 per cent cashless payment for all health insurance claims. It will be transparent, straight-through...
Ayushman Bharat covers treatment for mental wellness, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman Noting that stress among students comes mainly from maniacal competition and pressure of public opinion, the Finance Minister said that counselling facilities are being provided at even district levels, as the Centre takes mental...
One in three Indian investment advisors are not registered, says Sebi
“There are large numbers, 35% of investment advisers still not registered. The regulator is powerless as many people who provide research and advice to investors have chosen to ignore basic compliance of having themselves registered.,” Madhabi Puri Buch, chairman at...
GST authority issues Rs 922 cr show cause notices to Reliance General Insurance
The GST department is of the opinion that there is no provision in the GST Act where one registered person can collect and disburse tax on behalf of another, regardless of any co-insurance arrangement On re-insurance commission, the GST authority said that it forms...
Norris Medicines recalls toxic cough syrup
The drug regulator of Gujarat state, where Norris is based and has two factories near to each other, has shut all its production, citing violations of good manufacturing practices after an inspection last month, New Delhi: India's Norris Medicines has recalled a cough...
Google, Apple stare at over $50 mn fine for in-app billing irregularities
The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country's revised Telecommunications Business Act by abusing their monopoly power to force local...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
India becomes 4th-highest funded fintech startup ecosystem globally
The sector witnessed significant growth in specific segments with alternative lending, banking tech and RegTech emerging as top performers in the first half this year Bengaluru: India’s fintech sector saw a 68 per cent surge in funding in the July-September period...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
Amazon used a secret algorithm to raise prices: Report
“We once again call on Amazon to move swiftly to remove the redactions and allow the American public to see the full scope of what we allege are their illegal monopolistic practices,” an FTC spokesperson was quoted as saying. San Francisco: E-commerce giant Amazon...