The committee will be chaired by additional secretary (Crop...
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APR 1 Renewals: Indian general insurance industry rejoices with soft pricing, surplus capacity and market discipline
GIC Re and Foreign Reinsurance Branches (FRBs) and IIO reinsurers...
Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider...
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)...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Insurers now can pay profit related commission to their non-executive directors: IRDAI
Amount of payment of remuneration in the form of profit related commission to each of the non-executive director should not exceed the limits specified in the norms on remuneration of non-executive directors and managing director /chief executive officer / whole-time...
Govt notifies 3 GACs to look into complaints against social media firms
The objective of establishing the GACs is to settle the issues that users may have against the manner in which social media platforms initially addressed their complaints regarding content and other matters New Delhi: The Centre on Friday notified three grievances...
Digital currency to further bolster digital economy, says RBI official
It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, "E-rupee is also expected to offer features of physical cash like safety and settlement of transactions." While referring to the launch of the pilots of CBDC in...
A Class-action wave is coming for ESG claims
The US Securities and Exchange Commission is still reviewing thousands of comments on its proposal to force publicly traded companies to disclose more about the risks they face due to a changing climate, as well as the greenhouse gas emissions in their production and...
Green Bonds purchase by insurers to be treated as infrastructure investments: IRDAI
The regulator, in a circular dated Jan. 13, said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios as well as "from the perspective of participation in environmental, social and governance (ESG)...
Electric cars are getting too big and bulky, US safety regulator warns
I’m concerned about the increased risk of severe injury and death for all road users from heavier curb weights and increasing size, power, and performance of vehicles on our roads, including electric vehicles,” Homendy said in remarks delivered Wednesday in...
Axis Bank revises pact with Max Fin, to buy more 7% stake in Max life
The revision, the stock exchange filing said, has been done consequent to the guidance received by Max Life from insurance regulator IRDAI.Discounted cash flow refers to the estimated value of an investment based on future cash flows Mumbai: Axis Bank on Tuesday said...