"We have suggested the solicitor general to deliberate upon and...
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Stock market ‘fraud’: Mumbai court directs ACB to file FIR against ex-SEBI chief Madhabi Puri Buch, 5 others
Madhabi Puri Buch,former chairperson, SEBI "There is prima facie...
New SEBI Chairperson Pandey’s four-point mantra — trust, transparency, teamwork and technology
"We work for trust, we work for transparency, we work for teamwork,...
IRDAI looks for M&A consultants, Insurance industry to see M&A deals and new entrants
''The sector, like others, has witnessed some merger and acquisitions in the past and will continue to witness them and newer opportunities will emerge in the future. Players with sound underwriting practices, strong financials and right management practices will...
Maharashtra FDA cancels Johnson & Johnson baby powder manufacturing license
The press note said that the samples of Johnson's Baby Powder were declared "Not of Standard Quality". FDA Maharashtra had taken the samples of Johnson's Baby Powder at Pune and Nashik for quality check purposes Mumbai: Food & Drugs Administration, Maharashtra,...
NCLT approves merger of Exide Life with HDFC Life
Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore New Delhi: The...
EU proposes rules targeting smart devices with cybersecurity risks
Manufacturers will have to assess the cybersecurity risks of their products and take appropriate procedures to fix problems for a period of five years or during the expected lifetime of the product. The companies will have to notify EU cybersecurity agency ENISA of...
Nirmala Sitharaman chairs 26th meeting of Financial Stability and Development Council
Nirmala Sitharaman,Union Finance Minister The council stressed on the early warning indicators for the economy and the preparedness to deal with them, improving the efficiency of the existing financial and credit information systems, and issues of governance and...
Web-connected devices in EU have to meet new cybersecurity rules or face fines
New rules from the European Commission called the Cyber Resilience Act, set to become public next week, are aimed at improving the security of devices in the face of surging online attacks across the globe. Damages from software and hardware cybercrime amounted to...
Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life
New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...
Reliance Cap suitors seek extension of up to 4 months for submission of binding bids
New Delhi: Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process. US-based asset management fund Advent has sought extension by 16 weeks, while Piramal Finance...
FinMin mulls changes in insurance laws to boost penetration: Report
New Delhi: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20...
Health insurance needs to provide covers for geriatrics care and pre-existing diseases, IRDAI chief
Debasish Panda, Chairman, IRDAI Health insurance sector has the potential to grow at a CAGR of 30-35 per cent with 3 A’s - Awareness, Accessibility and Affordability IRDAI has come up with BIMA SUGAM- an all in one insurance platform, where one can sell all products...