It recommended that the reach should cover 50 per cent of Indian...
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Digital competition law after due process Union Minister Harsh Malhotra
Speaking at the National Conference on Economics of Competition Law...
AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief
Ravneet Kaur, chairman, Competition Commission of India "Today's...
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...
Aviva raises its stakes to 74% in Indian JV
Aviva is the third foreign player to hike its stake in an Indian insurance JV New Delhi: UK major Aviva plc announced that it has acquired an additional 25 per cent stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited...
Regulations for offline payment aggregators to be at par with online peers, says RBI
RBI, Governor Shaktikanta Das said there will be ''convergence on standards of data collection and storage'' after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer Mumbai: Regulations for...
RBI raises key policy rate by 50 bps to rein in inflation, slashes growth target to 7.2% from 7%
RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY'23. India's annual retail inflation rate accelerated to 7% in August, driven by a surge...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Sebi rolls out framework for credit rating agencies, applicable from Jan’23
While assigning such credit ratings, CRAs will have to conduct independent due diligence on the nature of specified support consideration and form a definitive internal view and, wherever warranted, obtain an independent external legal opinion for ascertaining the...
Piramal, Zurich Insurance mull joint bid for Reliance General Insurance
Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ''The terms of any transaction are subject to negotiations and there can be no...
Boeing to pay $200 million to settle civil charges it misled investors about 737 MAX
"In times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets. The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation," SEC Chair...
IRDAI selects first ever pvt sector IT professional Arindam Dutta to head IIB
Arindam Dutta, CEO-Designate, Insurance Information Bureau of India IRDAI chairman Debasish Panda has already made his intention public to broad base the ownership of the IIB and has suggested that instead of the IRDAI, let the insurers through their...