The move comes as the German insurer agreed earlier this week to...
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Regulation
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Elon Musk’s X sues Centre over alleged Censorship, IT Act Violations
'X' (formerly Twitter) raised concerns over the Centre's...
LIC dispels Rahul Gandhi’s concern over new IRDAI rules making insurance unaffordable for poor and affecting agents
“ We want to clarify that LIC has introduced products that align...
IMF flags debt restructuring hurdles, says banning crypto should be an option
"We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued," Georgieva said. "There has to be very strong push for regulation… if regulation fails, if you're slow to do...
Sebi proposes changes to rules for REITs, InvITs
Coming out with a consultation paper on the subject, the markets regulator said the changes are being proposed keeping in mind the interest of unit holders and the structural vulnerabilities associated with absence of a sponsor for Real Estate Investment Trusts...
Sebi proposes to allow pension funds to participate as anchor investors in public issues
In its consultation paper, the regulator has proposed that rules should be amended to allow pension funds of entities which are associates of the lead managers, to participate as an anchor investor in a public issue Mumbai: Sebi on Wednesday proposed to allow pension...
Sebi proposes to introduce 5 new categories under ESG funds
''AMCs should endeavour to have a higher proportion of the assets under the ESG theme and make suitable disclosures,'' the Securities and Exchange Board of India (Sebi) said in its consultation paper issued on Monday. Mumbai: Capital markets regulator Sebi has...
IRDAI convenes 2-day industry CEOs meet on March 1-2 in Hyderabad
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on March 1. On March 2, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies and reinsurance companies...
E-pharmacies under radar; Union Health Ministry to initiate stern action
The Central Drugs Standard Control Organisation (CDSCO) issued show-cause notices to over 20 online pharmacies and online platforms, that includes some big players as well in the industry such as Tata1mg, Practo, Apollo Amazon, Flipkart, etc. New Delhi: The Union...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...
SC asks how to protect investors’ interests, seeks views of Centre, SEBI on Hindenburg report on Adani firms
Adani Group stocks have taken a beating on the bourses after the Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate New Delhi: Concerned over protecting the interests of...
Digit postpones its IPO, to refile DRHP with Sebi in due course
In a statement, Digit insurance said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi's ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee stock option plans to subsist at the time of...
U.S. FDA says India-made eye drop linked to some infections, blindness and one death
The agency said on Thursday that Artificial Tears eye drop manufactured by India's Global Pharma Healthcare Pvt Ltd has a potential bacterial contamination and the company has violated current good manufacturing practices The U.S. Food and Drug Administration (FDA)...