Peak Re, the fourth reinsurer to get a license, has a total global...
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NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release...
India on the verge of becoming clinical trials hub
India's clinical trials data market is estimated to touch $1.51...
Sebi should hear If cos have views on Chairperson, MD posts separation: FM
Finance Minister Nirmala Sitharaman The Securities and Exchange Board of India (Sebi) has asked listed entities to split the roles of chairperson and managing director before the April 2022 deadline New Delhi: As Sebi plans to implement norms for separation of posts...
Discussion with Irdai underway for approval to Raheja QBE deal: Paytm
Paytm group Chief Financial Officer and President Madhur Deora in response to a question on the status of Raheja QBE transaction said there is no official or unofficial rejection of the company's application to acquire the insurance firm, according to a source who...
UK competition watchdog fines Facebook’s parent company Meta for second time
"Meta failed to alert us in advance to important changes in their staff, despite knowing they were legally required to do so. This is not the first time this has happened," CMA Senior Director of Mergers Joel Bamford, said in a statement London: The UK Competition and...
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...