Ravneet Kaur, chairman, Competition Commission of India "Today's...
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BIS cracks down on e-commerce giants over non-certified products
The standards authority has issued notices to major e-commerce...
RBI assures customers and investors on IndusInd Bank’s financial health
Earlier this week, IndusInd Bank disclosed a discrepancy in...
“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda
Debasish Panda, chairman, IRDAI IRDA chief has hinted that insurers don’t need IRDAI approvals for every product ``Each life insurer has actuaries to design their products that can be approved its own board. You should design product so that you can reach out every...
Big online firms face 0.1% supervisory fee under new EU rules
The move comes as the Commission seeks new sources of revenue to fire up the region's economic growth in the wake of the pandemic and also foster a greener and more digital economy. "The overall amount of the annual supervisory fees shall be based on the estimated...
HDFC Bank’s $40 billion deal may face regulatory hurdles over insurance, analysts say
HDFC Life and HDFC ERGO are among the leading life and general insurance companies in the private sector, and analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank Mumbai: HDFC Bank's $40 billion deal...
Sebi issues fresh guidelines to curb misuse of clients’ Power of Attorney
The use of DDPI will be limited only for two purposes. One is for the transfer of securities held in the beneficial owner account of the client towards stock exchange related deliveries or settlement obligations arising out of trades executed by such a client The...
IFSCA inks MoU with IRDAI to strengthen inter regulatory exchange of information
This MoU focuses on strengthening of inter regulatory exchange of information, technical cooperation, supervisory collaboration and opens avenues towards developing innovative insurance solutions for the evolving global trends Hyderabad: Injeti Srinivas, chairperson,...
CCI finds Google unfairly blocking rival payments on India store
“Google is imposing unfair and discriminatory conditions in violation of regulations," the Indian agency said in its preliminary report dated March 14.“ New Delhi: Google’s billing system for app developers is “unfair and discriminatory,” India’s antitrust regulator...
IRDA chairman Panda to meet insurers on Apr 6-7 in Mumbai to unveil his agenda for industry
Debasish Panda, Chairman, IRDAI ``Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the industry...
HDFC ERGO launches VAULT, a digitally-enabled rewards program
Taking advantage Regulatory Sandbox by IRDAI, HDFC ERGO general insurance has launched VAULT, that will incentivize its Optima Restore health insurance customers by way of reward points for performing certain activities like staying insured under the policy for more...
New EU rules regulating U.S. tech giants likely to set global standard
Europe's antitrust chief Margrethe Vestager won backing on Thursday from European Union members and EU lawmakers for her proposal, the Digital Markets Act (DMA), to rein in the powers of the tech giants via legislation for the first time, rather than lengthy antitrust...
Prominent insurance brokers probed by for Bribery and Corruption by UK Serious Fraud Office
The investigation is linked to a U.S. Department of Justice probe into corruption at Ecuador’s state-run insurance fund, Seguros Sucre The insurance firm, which is in the process of being liquidated, is emblematic of a culture of graft that has kept former President...