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Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top...
Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers...
Uzbek cough syrup deaths: Process underway to cancel license of Marion Biotech, says official
Marion Biotech had come under the scanner in December over reports of the children’s death in Uzbekistan after which India’s Central Drugs Standard Control Organisation (CDSCO) initiated a probe into the matter and found 22 out of 36 samples “not of standard quality”...
China to deepen financial reform, open to more foreign investment
"We need to deepen reform of the financial system, improve financial regulation, and see that all those involved assume their full responsibilities to guard against regional and systemic financial risks," Premier Li Keqiang Beijing: China will deepen financial reform...
IRDAI now extends ‘Use & File’ procedure to Miscellaneous products with a sum assured up to 5 cr
With this move, all general insurance products, are now permitted to be filed under ‘Use and File’ procedure and can be launched without any prior approval. This will provide the vital fillip to the general insurance companies for a broad-based approach in designing...
IRDAI simplifies norms for senior citizens availing Immediate Annuity products from NPS proceeds
The exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers. Hyderabad: In order to bring ease of living for senior citizens, the insurance regulator IRDAI has relaxed the...
Sebi slaps mkt ban on actor Arshad Warsi, 44 others for share price manipulation through misleading YouTube videos
Sebi noted, prima facie, these entities collectively helped create trading volumes and interest in the scrip, spread false and misleading YouTube videos, and hence induced investors to buy the companies scrips at elevated prices, thereby prima facie violating the...
Mukesh Ambani to foray into genome testing with a $145 kit
The genome test, which is about 86% cheaper than other offerings available locally, can reveal a person’s predisposition to cancers, cardiac and neuro-degenerative ailments as well as identify inherited genetic disorders, he said. Billionaire Mukesh Ambani’s group is...
Bajaj Finserv gets SEBI license to commence mutual fund business
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, the approval from SEBI is strategically important for the company as it enables the firm to complete its suite of financial solutions for retail customers Mumbai: Financial services firm Bajaj...
General insurers can’t deny covers for Persons with disabilities, HIV/AIDS and Mental Illness: IRDAI
``The insurers are directed to put in place a board approved underwriting policy immediately that ensures that no proposal from the Persons with disabilities, HIV/AIDS and Mental Illness is denied covers,'' said IRDAI in a circular on Monday Hyderabad: Insurance...
India asks IMF, FSB to prepare technical paper on regulating crypto
Despite the rapid evolution of the crypto universe, there is no comprehensive global policy framework for crypto assets. Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and...
Feds seek to limit telehealth prescriptions for some drugs
Drug Enforcement Administration said late Friday it plans to reinstate once longstanding federal requirements for powerful drugs that were waived once COVID-19 hit, enabling doctors to write millions of prescriptions for drugs such as OxyContin or Adderall without...