The journey for value creation would now begin, Ashok Hinduja said,...
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LIC likely to announce its stake buying in a health insurer by Mar 31, says Mohanty
Siddartha Mohanty, MD & CEO, Life Insurance Corporation `Our...
DoT WhatsApp collaborate for awareness campaign against online scam spam
Union Telecom Minister Jyotiraditya Scindia "As India advances on...
Sebi allows govt stake in IDBI Bank to be reclassified as public post sale
The government had requested Sebi to treat its residual stake in IDBI Bank as a financial investment since it would not exercise any control over the bank or have any special rights The government would also not have any representation on the bank's board The...
South Korea fines Tesla $2.2 mln for exaggerating driving range of EVs
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since...
IRDAI allows auto-renewal of eligible CBRs by insurers
To qualify for auto-renewal of a CBR, the insurer will ensure that credit rating of the CBR should not be less than ‘Standard & Poor's A- or equivalent. The latest credit rating of the CBR should not be prior to 12 months from the date of application for...
State-run firms to remain exempt from public shareholding norms: Govt
The exemptions from the minimum public shareholding (MPS) norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said New Delhi; Indian state-run companies will continue to be...
SBI,ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The framework for dealing with D-SIBs was issued in July 2014. The framework requires the RBI to disclose the names of banks designated as Domestic Systemically Important Banks (D-SIBs) starting from 2015 and place these lenders in appropriate buckets depending upon...
RBI favours prohibition of unbacked crypto assets
The framework proposes that authorities should have appropriate powers, tools and resources to regulate, supervise, and oversee crypto assets activities and markets, both domestically and internationally, proportionate to the financial stability risk they pose," the...
2022 was a crucial year for India in combating climate change, reverse nature loss
The Centre also set a new target of 40 per cent reduction in particulate matter concentration in cities covered under the National Clean Air Programme (NCAP) by 2026, updating the earlier goal of 20 to 30 percent reduction by 2024 According to the Environment...
Sebi initiates study of fees, expenses charged by mutual funds
The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any,...
Reliance Capital: Hinduja Grp re-enters the fray with a higher offer of Rs 9,400 crore
Lenders will now take a call on whether they will accept Hinduja’s revised bid Analysts say Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with...
DGCA carries out 4,378 surveillance activities among Indian airlines this year
"As a result, the Effective Implementation score of India has risen from previous 69.95 per cent to 85.49 per cent, thereby changing India's Safety Oversight ranking from 102 to 48 among the 193 contracting states," it said. New Delhi: Aviation regulator DGCA on...