Nippon Life Insurance Co.’s India unit is considering buying a...
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Govt wants insurance payouts to replace its compensation in managing natural disasters: DFS Secy
L to-R-Hitesh Kotak, Chief Executive, Japan, India, Korea, and...
Draft Insurance Laws Amendment Bill in advanced stages, to be tabled in Parliament shortly: Minister Pankaj Chaudhary
Pankaj Chaudhary,Minister of State for Finance M Nagaraju,...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
RBI plans to extensively use AI, ML to improve regulatory supervision
The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all India financial institutions The Reserve Bank is planning to extensively...
Govt probes deaths in Gambia linked to India-made cough syrup -sources
WHO Director-General Tedros Adhanom Ghebreyesus on Wednesday told reporters the U.N. agency was investigating the deaths from acute kidney injuries with India's drug regulator and New Delhi-based cough syrup manufacturer Maiden Pharmaceuticals New Delhi: The...
Sustainable Finance committee submits report to IFSCA
The committee has provided its recommendation on various aspects of sustainable finance including products, policies and regulations, capacity building and outreach initiatives related to green and sustainable finance, IFSCA said in a statement The report of the...
News websites, TV channels told to refrain from carrying betting sites’ ads
…the private satellite television channels are strongly advised to refrain advertisements of online offshore betting platforms and/or their surrogate news websites or any such product/service depicting these platforms in a surrogate manner, the Ministry of Information...
Sebi cautions investors against funds raising by entities claiming to give portfolio management services
Further, Sebi-registered intermediaries, including portfolio managers (who manage portfolio management schemes) cannot offer products with assured or fixed return on investment. Many such unauthorised schemes are run like ponzi schemes without any real investment made...
Kim Kardashian settles SEC crypto charge, to pay $1.26 million
Kim Kardashian SEC Chair Gary Gensler cited U.S. law that stipulates that people who tout a certain stock or crypto security, they need to disclose not only that they are getting paid, but also the amount, the source and the nature of those payments Kim Kardashian has...
Sebi to restart review of $440 million Digit Insurance IPO
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India's markets regulator will restart a review of a $440 million initial public...
Sebi rolls out framework for portfolio managers
The provision of the circular will become effective from April 1, 2023 ''Portfolio Managers shall put in place a written down policy which inter-alia detail the specific activities, role and responsibilities of various teams engaged in fund management, dealing,...
Sebi tightens disclosure norms for IPOs; to relax rules for open offers
For IPOs, the regulator cleared the proposal mandating the issuers to disclose the offer price based on past transactions and fund raising activities The watchdog's board gave its nod to bring buying and selling of mutual fund units under the ambit of insidr trading...