SIAM Director General Rajesh Menon stated that the auto industry...
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US SEC chair says agency plans to create new rules for crypto tokens
Paul Atkins, the chair of the Securities and Exchange Commission In...
UK’s financial regulator to relax rules for pushing insurance to large companies
The changes aim to better differentiate big corporates from smaller...
Japan casualty insurers sink on concerns over suspected price fixing
The allegations first came to light in June, when the insurers were said to have tried to set premiums for railway operator Tokyu Corp. The Financial Services Agency ordered them to submit a report on the matter, amid questions over whether the suspected collusion was...
ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%
The bank currently holds a 48.02 per cent stake in ICICI Lombard General Insurance Company and would acquire at least a 2.5 per cent stake out of the 4 per cent to make the insurer its subsidiary before September 9, 2024 Mumbai: Banking regulator Reserve Bank of...
India data protection bill: What’s the concern?
Privacy experts say the proposed law fails to adequately safeguard the personal data of the nation’s 1.4 billion citizens, and gives the government too much power Companies and institutions can be penalised for non-compliance, and for failing to take reasonable...
Pharma cos with over Rs 250 cr turnover have to adopt good manufacturing practices within 6 months: Mandaviya
Recently, drug regulators inspected 162 units and 14 public testing labs and major issues found during inspections are poor documentation, lack of process and analytical validations, absence of quality failure investigation, absence of internal product quality review...
India finds ‘violations’ at cough syrup maker linked to Cameroon deaths
Authorities have stepped up scrutiny of drugmakers after some cough syrups made in India were linked to deaths of dozens of children overseas The government has found violations related to manufacturing and laboratory practices at drugmaker Riemann Labs, whose cough...
India orders drugmaker linked to Cameroon cough syrup deaths to stop manufacturing
The move comes as Indian regulators step up inspections at drugmakers after cough syrups made in the country were linked to the deaths of dozens of children overseas, denting India's image as the "pharmacy of the world" New Delhi: The Indian government has ordered a...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
Reliance General Insurance receives Rs 200 cr capital from its promoter
Rakesh Jain, CEO of Reliance General Insurance said, "With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions." Mumbai: Reliance General Insurance Company Ltd (RGICL), in a strategic...
Govt pats IRDAI for unveiling a slew of reforms in insurance industry
(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA's 105th foundation day celebration in Mumbai on Friday ```The government is very supportive of the amendments and changes...
Par panel asks govt to design framework to deal with cyber crimes
Noting that current compensatory mechanism for victims of cybercrime in the financial sector has limited scope and coverage, the panel said financial institutions must play a supportive role as there is a fiduciary relationship between financial institutions and their...