Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy...
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Regulation
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ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and...
New law in the works for safe, orderly migration
Underlining the need to spread awareness about safe migration, the...
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
PNB had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) with the bank in FY20 Canara Bank owns 51 per cent stake, while HSBC Insurance (Asia Pacific) Holdings Ltd as a foreign partner owns 26 per cent. New Delhi:...
XL’s India FRB to shut down, to be merged with AXA France’s FRB
-Prior to the global merger- AXA group acquired XL group in 2018- both the groups had their own FRBs in India and are continuing to operate as separate entities in the country till now -IRDA confirms its stand formally to allow only one FRB belonging to the group....
Twitter challenges German rules for online reporting
The lawsuit filed at the administrative court in Cologne challenges a provision under Germany’s expanded anti-hate speech regulations that Twitter says allows user data to be passed to law enforcement before it is clear any crime has been committed Twitter has taken...
Govt mandates storage of ISD, satphone, message details, others for 2 yrs
"The licensee shall maintain all commercial records, call data record, exchange detail record, IP detail record with regard to the communications exchanged on the network. Such records shall be archived for at least two years for scrutiny by the licensor for security...
India seeks regulatory fast track for LIC as it gears up for the country’s largest IPO
The Securities and Exchange Board of India (SEBI) has been urged to complete its vetting process in less than three weeks instead of the 75 days it usually requires,sources said NEW DELHI: The Indian government has asked regulators for a swift review of Life Insurance...
Delivery race among Indian grocery startups brings road safety risks
"Ten minutes is very sharp," said a former road secretary, Vijay Chhibber. "If there was a (road safety) regulator, it would have said this can't be a company's unique selling point." NEW DELHI: Indian grocery startups are luring tech-savvy customers with the promise...
Amazon’s legal woes are a cautionary tale for other investors in India
The long drawn-out saga has thrown up two questions for prospective investors, or those who already have business interests in India. First, what does a go-ahead from the country’s antitrust authority even mean if an entire chain of investment based on that approval...
IRDAI effects reshuffle among sr officials
Randip Singh Jagpal, who has been a CGM in one of the most important portfolio- Department of Intermediaries, for many years ,has been shifted to Consumer Affairs Department. AR Nithiyananthan, CGM who was in charge Information Technology(IT) will now be heading...
Govt panel calls for regular market approval for Covishield, Covaxin
"The Subject Expert Committee (SEC) on COVID-19 of the Central Drugs Standard Control Organisation (CDSCO) which reviewed SII and Bharat Biotech's application for the second time on Wednesday has recommended granting regular market approval to Covishield and Covaxin...
UK regulatory shake-up could address lack of domestic commercial reinsurance -lobby group
Britain's upper chamber of parliament, the House of Lords, said late last week that its Industry and Regulators committee of lawmakers was launching an inquiry into the regulation of the London insurance market and how to improve the regulatory set-up for the industry...