An IIHL spokesperson said that IIHL voluntarily offered to release...
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India on the verge of becoming clinical trials hub
India's clinical trials data market is estimated to touch $1.51...
Regulatory standards must be stronger for quality medicines: Health secy
The meeting with state drug regulators comes in the wake of the...
PFRDA looks to offer guaranteed pension programme under NPS
Supratim Bandyopadhyay,Chairperson,PFRDA ''The Minimum Assured Return Scheme is under development. Tentatively, we may start from September 30,'' PFRDA Chairperson Supratim Bandyopadhyay told reporters here on Friday New Delhi: The Pension Fund Regulatory and...
UK regulators approve a second Lloyd’s Protected Cell Company building on the success of London Bridge Risk
Lloyd’s members and managing agents will be able to use the new vehicle to manage their capital and risk management requirements by attracting new sources of capital and reinsurance protection. London: Lloyd’s today announced that it has received regulatory approval...
Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals
The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
RBI’s financial inclusion index rises; showing growth across all segments
The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. In August last year, the central bank said it has been...
Piramal,Torrent,Oaktree and IndusInd Bank want extension of deadline for submitting bids for Reliance Capital
Few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank, have written to the administrator seeking an extension of the deadline from existing August 10 to September 15. Moreover, sources said, one of the bidders Piramal Group is also facing roadblock as...
IRDA approves 30% expense of management(EoM) limit for general insurers, allows Corporate Agent to have 9 tie-ups
Debasish Panda,chairman,IRDAI Corporate agents are allowed to place commercial lines and general insurance covers without any limit on the sum insured The Insurance Marketing Firms (IMF) will be allowed to engage Insurance Sales Persons (ISP) for the purpose of...
Banks’ climate risk assessment to include their reputational risks:RBI
Regulated entities (REs) should address financial risks arising from climate change and environmental degradation, through its risk management framework, in line with Board-approved risk appetite statement, risk management strategy and business plan, said the RBI...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
Component failures in aircrafts do not imply compromising passenger safety, says DGCA chief
Arun Kumar, Director General of Directorate General of Civil Aviation "We are doing everything possible to ensure that our flying remains safest and for that, we never ever shy off from biting the bullet. Strict enforcement action is taken wherever required. As public...
DGCA restricts SpiceJet’s flights to 50% for 8 weeks
There is "poor internal safety oversight" and "inadequate maintenance actions" in the airline which has resulted in degradation of "safety margins", DGCA said During these eight weeks, the budget carrier will be subjected to "enhanced surveillance" by the DGCA New...