While the risk of data loss and cyber-attacks remains among the top...
Category:
Regulation
Latest
Operating mall without environmental nod extremely serious HC upholds closure order
The petitioner company, Grauer and Weil (India) Limited, considers...
Allianz and Mukesh Ambani’s Jio Financial may have reached initial deal for 2 Indian insurance JVs
The move comes as the German insurer agreed earlier this week to...
Inflation print for Oct likely to be lower than 7 pc: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India “We expect the October number which will be released on Monday to be lower than 7 per cent. Inflation is a matter of concern with which we are now dealing and dealing effectively,” he said. New Delhi: Terming price rise...
Need high regulatory standard globally to deal with crypto risks: Yellen
Janet Yellen,US Treasury Secretary "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral...
FTX scrambles for funds as regulators take action
FTX's predicament marks a stunning downfall for the 30-year-old crypto executive who was once worth nearly $17 billion. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with...
Global entities, fund managers keen to invest in India: IFSCA Chairman Srinivas
IInjeti Srinivas,chairman,International Financial Services Centres Authority (IFSCA) "It's a new India, it's powered with technology, it's very aspirational. There is a lot of efficiency, whether it is start-ups or in the fintech areas," , Chairman of the...
Irdai proposes allowing insurers to invest in unlisted companies
IRDAI has sent a proposal to the government to allow buying a more than 10% stake in unlisted firms by insurers, using over 10% of the monies lying in their shareholders fund, policyholders fund, or funds maintained by a reinsurance company, according to the two...
COP27: Regulators plan closer scrutiny of carbon markets
The International Organization of Securities Commissions (IOSCO), which groups securities regulators from across the world, made recommendations to improve ‘compliance’ carbon markets, and asked whether regulators should be more involved in ‘voluntary’ carbon...
‘IRDAI in talks with govt to relax Rs 100-cr entry capital for insurers’
Debasish Panda, Chairman,IRDAI "Like in the banking system, we have microfinance institutions, regional banks, and small finance banks. So, we have all categories of banks then there are non-banking financial companies. In the insurance sector also, we should have...
CCPA levies Rs 1 lakh fine on Cloudtail for selling pressure cookers on Amazon in violation of BIS standards
''The company was also directed to pay a penalty of Rs 1,00,000 for selling domestic pressure cookers to consumers in violation of mandatory standards prescribed under the QCO and violating the rights of consumers,'' the statement said The CCPA initiated suo-moto...
IRDAI nixes Fairfax move raising its stake to 74% in Go Digit, deal would make company richer by $375 million
Prem Watsa, Chairman and Chief Executive Officer, Fairfax Fairfax currently owns 45. 3% in Go Digi Infoworks, which has 83% stake in the Go Digit General Insurance company. In June 2022, Digit Insurance and Fairfax had applied to the IRDAI for approval to convert the...
Govt mapping laboratories to plug critical gaps: Goyal
The government has issued 450-odd quality control orders and asked BIS along with the commerce ministry to set up a crack team to do a complete study on quality standards New Delhi: The government is mapping all laboratories in the country in a bid to plug the...