The standards authority has issued notices to major e-commerce...
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RBI assures customers and investors on IndusInd Bank’s financial health
Earlier this week, IndusInd Bank disclosed a discrepancy in...
RBI Gov urges common pool of climate-focused projects to enhance financing
Sanjay Malhotra, Governor,RBI Speaking at a Reserve Bank Of India...
RBI wants fintech operators to follow rules of game: Shaktikanta Das
Shaktikanta Das,governor, RBI The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced to commit suicide and the last week's incidence of a young pregnant woman being mowed down by the...
Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’
Without disclosing the reason, Sebi said "issuance of observations (has been) kept in abeyance" with regard to the IPO of Go Digit, an update on the regulator's website showed on Monday. The information was updated on September 16 The issuance of observations by Sebi...
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...