The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
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IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
Govt appoints Fin Secy Tuhin K Pandey as new Sebi chief for 3 yrs
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will...
No group can have more than one FRB in India:IRDAI
Till recently AXA group had only two separate branches, XL Se India branch and AXA France India branch and IRDA had asked the group to wind up operation of one of its branches Hyderabad: The insurance regulator IRDAI, after allowing overseas reinsurers to set up...
Time to ready global response to crypto risks, regulators say
Regulators worry increasingly about how a meltdown in cryptoassets – markets which are highly volatile and still opaque – would feed through into the wider financial sector London: Risks from the $2.6 trillion crypto market could grow quickly and regulators need...
Separation of chairperson, MD positions voluntary: Industry welcomes Sebi’s decision
Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis Mumbai: Industry bodies on Tuesday...
Cryptocurrencies threaten financial sovereignty, need to be banned: RBI Dy Guv
''We have also seen that cryptocurrencies are not amenable to definition as a currency, asset or commodity; they have no underlying cash flows, they have no intrinsic value; that they are akin to Ponzi schemes, and may even be worse. These should be reason enough to...
ESG rater says green push compliance tough for Indian companies
The government’s move has pushed the Securities and Exchange Board of India to roll out a series of rules in the past year and create a standardized ESG framework for the country’s top 1000 listed companies While Indian companies have shown an eagerness to embrace...
Cryptos a threat to financial stability; value not even a tulip: RBI Guv
Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability and financial stability. They will undermine the RBI's ability to deal with issues of financial stability and macroeconomic stability, Das said Mumbai: Governor...
CCPA passes order for discontinuation of Sensodyne ads in India
As per the order, the CCPA has directed GlaxoSmithKline (GSK) Consumer Healthcare to discontinue all advertisements for Sensodyne in the country within seven days of the issuance of the order as the ads showed dentists practicing outside India endorsing the products...
RBI holds interest rates steady, projects 7.8% GDP growth for 2022-23
Shaktikanta Das,governor, Reserve Bank of India The monetary policy committee (MPC) held the lending rate, or the repo rate, at 4%. The reverse repo rate, or the key borrowing rate, was kept unchanged at 3.35% "Overall, taking into consideration the outlook for...
EU watchdogs call for rapid action to catch up with digital finance
"The growing digitalization and datafication of financial services necessitate closer cooperation between financial and relevant non-financial authorities," a joint report from the EU's banking, insurance, and markets watchdogs said The report said that regulatory...
Sebi comes out with new disclosure format for abridged prospectus
Under the revised format, a company will have to disclose about name of the promoter, details of offer to public -- types of issue, fresh issue and offer for sale (OFS)component, total issue size -- and share reservations details on the front page of the abridged...