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US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover
In a regulatory filing, REL posted a letter written by Danny...
Govt reviewing crypto position due to global changes, senior official says
"More than one or two jurisdictions have changed their stance...
Insurers have to pay claims for treatment of Covid -19 cases with Omicron variant :IRDAI
The insurance companies have put in place effective coordination mechanism with all their network providers (hospitals) for the purpose of making available seamless cashless facility to all policyholders in case of hospitalisation if any and render speedy services to...
Irdai directs Go Digit to withdraw product offering life insurance benefits
The matter relates to modification in the Digit Group Total Protect Policy by the insurer in July this year, under which one additional section by name of 'Major Illness Plus Cover' was incorporated in the policy Hyderabad: Insurance sector regulator Irdai has asked...
CCI orders probe against Apple’s alleged unfair business practices
The order from the CCI comes after a non-profit group alleged this year that Apple was abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi: The Competition Commission of India (CCI) on Friday...
India’s market regulator tightens stock market listing rules
"When any entity raises money under an IPO, it is for some purpose and investors are investing for that purpose, so that needs to be strictly monitored," Ajay Tyagi, chairman of SEBI, told a news briefing after the regulator's board meeting MUMBAI: India's market...
2022: Daunting labour reforms, informal workers’ social security fund await take off
There is a provision in the industrial relations code that any unit with up to 300 workers will not need permission from the appropriate government for closure, retrenchment and lay off. At present, the threshold is 100 workers New Delhi: Ushering in a big wave of...
Tesla recalls more than 475,000 vehicles over Over Camera, Trunk Safety issues
“Unavailability of the rearview camera display may affect the driver’s rear view and increase the risk of a collision,” the National Highway Traffic Safety Administration (NHTSA) said Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S electric cars...
LIC, GIC Re, New India continue to be systematic important insurers, need extra supervision: IRDAI
Domestic systemically important insurers(D-SIIs) are already being subjected to enhanced regulatory supervision as the continued functioning of D-SIIs is critical for the uninterrupted availability of insurance services to the national economy On Thursday, the...
Government notifies new rules for direct selling industry, seeks to safeguard interests of consumers
Every direct selling entity shall establish a mechanism for filing of complaints by consumers through its offices or branches or direct sellers, either in person or through post, telephone, e-mail or website They should have a grievance redress officer to acknowledge...
India’s monetary policy financially inclusive by design: RBI DG Patra
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at the Indian Institute of Management (IIM),...
RBI extends card tokenisation deadline by 6 months till Jun-end
Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards The RBI in September prohibited merchants from storing customer card details on their servers with effect from January 1, 2022, and mandated the adoption of CoF...