T A Ramalingam, CEO, Value Attics Reinsurance Ramalingam, who...
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Trump issues order to block climate change laws
U.S. President Donald Trump The order directed the U.S. attorney...
RBI cuts rates by 25 bps for a second time as US tariffs add to growth risks
Sanjay Malhotra, Governor, Reserve Bank of India RBI has lowered...
IndiaFirst Life gets SEBI approval for its IPO
The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) up to 141,299,422 equity shares by promoter and selling shareholders Bank of Baroda will offload about 89,015,734 equity shares, while Carmel Point...
UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos including Digit
''After the IPO fiasco following the listing of new age digital companies like PB Fintech , (the company behind the digital brand Policybazaar),Paytm, Zomato and Nykaa in which investors lost heavily, Sebi has tightened the approval norms for IPOs. This is welcome and...
Indian Gig Economy: Ensuring a better work environment for millions of workers
India is likely to see its gig workforce add 9-11 million jobs by 2025, which has been one of the most pivotal economic shifts in a long time When it comes to fair work for gig workers among the digital platform economy in India, Zomato, Swiggy, and quick-grocery...
Sebi makes stringent disclosure norms for FPIs
''In case of any direct or indirect change in structure or common ownership or control of the foreign portfolio investor or investor group, it shall, as soon as possible but not later than seven working days, bring the same to the notice of its designated depository...
More time needed for framing rules to regulate e-pharmacies: Centre to Delhi HC
The Ministry's August 2018 notification was challenged by the South Chemists and Distributors Association in a petition saying that ignoring the health hazards caused due to online sale of medicines without proper regulations, the draft rules are being pushed through...
Deepak Mohanty appointed as PFRDA chairman
Deepak Mohanty, chairman, PFRDA Mohanty was a member(Economist),PFRDA and had recently retired from the regulatory body New Delhi: The government on Tuesday has appointed Deepak Mohanty, a former member of the Pension Fund Regulatory Development Authority( PFRDA), as...
EU’s climate stress now to include insurers
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
Bitcoin jumps to highest since June as rally gathers pace
Major cryptocurrencies have been buoyed in recent days by U.S. authorities announcing plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). U.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of...
Bandhan Group mulls foray into insurance business
The group is open to both the organic and inorganic routes and is in talks with many general insurance companies for a potential acquisition, the report said, without disclosing any names BENGALURU: Bandhan Group, which mainly has banking, mutual fund and microfinance...