Irdai further said insurers will have to undertake prior...
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Sebi rejects competing open offer by US-based entity to pick majority stake in Religare
In a communication dated January 28 to REL, the Securities and...
Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards...
India to allow regular international flights from Dec 15,restricted flights from ‘at-risk’ countries
As per the latest update, the Health Ministry has put countries in Europe, including the United Kingdom, and South Africa, Brazil, Bangladesh, Botswana, China, Mauritius, New Zealand, Zimbabwe, Singapore, Hong Kong and Israel under the ‘at-risk’ category. New Delhi:...
Sebi asks RTAs to publish investor charter, disclose complaint data on websites
Also, Sebi asked stock exchanges, depositories and clearing corporations to disclose on their websites the data on complaints received against them and redressal thereof. This came after the Securities and Exchange Board of India (Sebi) came out with investor charter...
Chinese regulators ask Didi to delist from US bourses on security fears
Didi sparked the ire of Beijing when it proceeded with its New York stock offering this summer, despite regulatory requests that it ensure the security of its data before the IPO. Chinese regulators quickly launched multiple investigations into the company and have...
Govt seeks to block most cryptocurrencies in new bill, government says
Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency that will be issued by the Reserve Bank of India. MUMBAI: India is looking to bar most private...
Sebi chief asks investors not to invest on basis of market rumours
Sebi Chairman Ajay Tyagi "As it is said, informed investors are a protected investors. Sebi has been continuously working towards investors awareness and education as a means to investors protection," Sebi Chairman Ajay Tyagi said. Mumbai: Amid growing retail...
US Cap on drug price hikes for privately insured sparks battle
Polls show that Americans across the political spectrum overwhelmingly favor government action to reduce drug prices. The chief cost complaints are: high out-of-pocket costs for patients, high and rising list prices, and high launch prices for new medicines. The Biden...
Australia Sues life insurer for causing financial harm to customers
The Australian Securities and Investments Commission (ASIC) has accused MLC, a part of Nippon Life Insurance, Japan’s biggest insurer, of service failures resulting from poor systems and controls over a period from 1999 to 2020, which caused financial harm to over...
Govt mulling changes in I-T laws to bring cryptos under tax net
New Delhi: The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said. Revenue secretary Tarun Bajaj said in terms of income tax, some people...
China fines tech giants Alibaba, Baidu for failing to report 43 old deals
In December last year, it fined Alibaba, Tencent-backed China Literature and Shenzhen Hive Box 500,000 yuan each for not reporting past deals properly for antitrust reviews, the first time it had ever done so. BEIJING: China's market regulator on Saturday said it was...
PM Modi to inaugurate IFSCA’s InFinity Forum on December 3
IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India. New Delhi; Prime Minister Narendra Modi will inaugurate the 'InFinity...