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360 ONE Asset picks up 15% stake in Bharti AXA Life Insurance
Parag Raja, managing director and CEO, Bharti AXA Life Insurance,...
Sebi asks RAs, IAs to disclose most important terms, conditions of services to clients
Research analysts and investment advisers cannot guarantee profits...
Govt proposes to amend social media rules; to set up grievance panel
The proposed move assumes significance against the backdrop of instances of accounts, including that of celebrities, being blocked by social media platforms such as Twitter for alleged violation of respective community guidelines NEW DELHI: The Centre plans to set up...
IRDAI allows ‘Use and File’ procedure for all the health and most of general insurance products
The insurance industry is expected to use this opportunity for introduction of customized and innovative products, expansion of the choices available to the policyholders in order to address the dynamic needs of the market, which will further help in enhancing the...
“ Indian government’s Sagarmala project will unleash country’s economic potential by harnessing its 7500 km long coastline’’
Amitabh Kumar, IRS, Director General of Shipping Hosted by the General Insurance Council, International Union of Marine Insurance(IUMI) will hold its Asia Forum 2022 in Mumbai during June 1-2, On the occasion of this international event, Amitabh Kumar, IRS, Director...
New cyber security rule to make doing business in India tougher: Global tech bodies
The new directive issued on April 28 mandates companies to report any cyber breach to CERT-In within six hours of noticing it New Delhi: India's new directive which mandates reporting of cyberattack incidents within six hours and storing users' logs for 5 years will...
Fake reviews on e-commerce sites under Govt’s radar
The screening results underlines that at least 55 per cent of the websites violate the unfair commercial practices directive of the EU, which requires truthful information to be presented to consumers to make an informed choice The consumer affairs ministry along with...
Date to head IRDAI’s Reinsurance Advisory Committee
The IRDAI has reconstituted its Reinsurance Advisory Committee (RAC) under the chairmanship of former managing director, Swiss Re, India Dhananjay Date. The other members are R. Chandrasekaran,former Head of Reinsurance, Cholamandalam MS General, G. Srinivasan,...
IRDAI asks motor insurers to stop ads displaying services
According to the IRDAI, though, general insurers enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles,it is noticed that the service agreements in addition to claim...
India Inc improving ESG disclosures gradually: Crisil
Assessment of 586 cos shows 14 in ‘leadership’ category, 73 ‘below average’ and ‘weak’ Said Amish Mehta, Managing Director and CEO, CRISIL, “ The uptake of sustainability in decision making is very piecemeal in India Inc because of a lack of stewardship, and fiduciary...
Twelve workers killed by wall collapse at India salt factory
Industrial accidents, mainly fires, are common in India due to lax safety regulations NEW DELHI: Twelve workers at an Indian salt factory were killed on Wednesday when a 3 metre high wall collapsed on them, government officials said. The incident took place in the...
CCI approves deal for selling majority stakes in Magma General Insurance Company
CCI has approved "acquisition of 55.39 per cent of the total equity share capital of Magma HDI General Insurance Company Limited by Sanoti Properties LLP," according to a tweet on Wednesday New Delhi: Fair trade regulator CCI has cleared the proposed acquisition of...