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Data-driven governance and research critical for resilient securities markets: SEBI Chairman
He highlighted that while artificial intelligence and advanced...
Govt sticks to e-cigarette ban in snub for Philip Morris
"The government of India is not considering revoking, amending or...
Insurance industry must adopt ‘1600’ calling series by Feb 15, 2026: TRAI
TRAI's direction requires IRDAI‑regulated firms to use 1600‑series numbers for service and transactional calls to enhance consumer trust, curb spam and prevent voice‑call fraud, an official statement said. New Delhi: The Telecom Regulatory Authority of India (TRAI)...
Parliament passes Insurance Amendment Bill, 2025,paves the way for 100% FDI in insurance cos
Nirmala Sitharaman,Finance Minister The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha Finance Minister Nirmala Sitharaman cited data saying jobs in the...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said, “IRDAI being empowered to disgorge wrongful gains made by insurers and distribute them to affected insurance policyholders.We are asking regulators to rationalise the penalty.” The government is yet...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
Insurance Amendment Bill, 2025: IRDAI further empowered to protect customers
The bill provides that the IRDAI may in the interest of the policyholders, specify by the regulations, the limits of any commission, remuneration or reward in any form payable to an insurance agent or an insurance intermediary, the manner of such payment, the manner...
Govt officials hold road shows in London and Singapore for GIC Re disinvestment
The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India(SHANTI) Bill, 2025, drops a rule that let operators sue suppliers for equipment defects, a provision foreign suppliers have long opposed. Foreign suppliers include...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Apollo Global Management sees potential risks in US insurers moving to Cayman Islands
Executives, regulators and experts have voiced concerns in recent months about the emerging risks among US life insurers as private equity expands its influence on the sector. In an October study, economists from the Bank for International Settlements attributed part...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like Composite License, Open Architecture and allowing Differential Capital Among new provisions, the bill proposes to constitute a Policyholders’ Education and Protection Fund, One-time registration of insurance...