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IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of...
Govt advertises for a new IRDAI chairman as Panda’s 3-yr tenure ends on Mar 13
Debasish Panda, chairman, Insurance Regulatory and Development...
Play store policies: CCI slaps Rs 936.44 cr penalty on Google for unfair business practices
This is the second major CCI ruling against Google in less than a week. On October 20, the watchdog imposed a penalty of Rs 1,337.76 crore on the company for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the...
IRDA tightens rules for Cross Border Reinsurers(CBRs) on transacting Indian business, reduces FRB’s capital requirements to Rs 50 cr from Rs 100 cr
Capital requirements of foreign reinsurance branches(FRBs) in India reduced to Rs 50 crore from existing Rs 100 crore Every cedant has to offer best terms obtained, for participation in the following order of preference: Category 1: Indian Reinsurers, FRBs, Lloyd’s...
Bank of England fines MS Amlin Underwriting $10.84 million various for lapses
The penalty reflects the seriousness of MSAUL’s failure to meet the expected standards in this case, and should deter similar conduct by other firms,” Bank of England Deputy Governor Sam Woods said in a statement. London: The Bank of England said on Thursday it had...
IndiaFirst Life Insurance files draft papers to raise funds via IPO, size could be between Rs 2,000 crore and Rs 2,500 crore
BOB, India's third largest PSU bank, holds 65 per cent stake in the company, followed by Warburg Pincus affiliate Carmel Point Investments India that owns 26 per cent stake and Union Bank of India that has 9 per cent shareholding Mumbai: Bank of Baroda-promoted...
Competition Comm slaps Rs 1,337.76 crore on Google
Besides, the fair trade regulator has directed the internet major to cease and desist from unfair business practices New Delhi: The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple...
RCap Administrator seeks to reconstruct Reliance Capital into 4 core investment companies
The sole objective of reconstructing RCap CIC into four CICs is to help select bidders of RCap's insurance businesses circumvent the IRDAI guidelines related to the five-year lock-in period Mumbai: In a surprise move, the Reliance Capital (NS:RLCP) (RCap)...
CCI slaps penalties totalling Rs 392 cr on MakeMyTrip, Goibibo, OYO
Among others, it was alleged that MMT-Go imposed a price parity in their agreements with hotel partners. Under such pacts, the hotel partners are not allowed to sell their rooms on any other platform or on its own online portal at a price below the price at which it...
DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined
DGCA had initiated the probe after a SpiceJet flight made an emergency landing at Hyderabad airport after smoke was detected in the cabin on October 12. New Delhi: Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed...
India taking action against spamming, says FM Sitharaman
Finance Minister Nirmala Sitharaman Even in the newer data or digital-based kind of services, which are being extended to people like the account aggregator, there is a conscious attempt to make sure that the consent of the data owner is used and used for that...
SC issues notice on Swamy’s plea for probe into role of RBI officials in bank scams
Swamy has alleged that the involvement of RBI officials in scams involving various entities such as Kingfisher, Bank of Maharashtra and Yes Bank had not been probed New Delhi: The Supreme Court on Monday agreed to examine BJP leader Dr Subramanian Swamy's plea seeking...