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IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of...
Govt advertises for a new IRDAI chairman as Panda’s 3-yr tenure ends on Mar 13
Debasish Panda, chairman, Insurance Regulatory and Development...
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...
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....