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Growing role of insurance companies and retail investors in private credit making it vulnerable: BIS report
“The growing role of insurance companies and retail investors, as...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which...
RBI supersedes Reliance Capital board, to start bankruptcy proceedings against firm
In a statement on its website, the central bank said it has superseded the board, “in view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to...
LIC to up stake in Kotak to nearly 10 pc
''Kotak Mahindra Bank has received an intimation from Life Insurance Corporation of India (LIC) stating that the Reserve Bank of India had granted its approval to LIC, for increasing its holding in the bank up to 9.99 per cent of the paid-up equity share capital of...
Digital Child’s Play: protecting children from the impacts of AI
Conor Lennon from UN News asked Jasmina Byrne, Policy Chief at the UNICEF Global Insights team, and Steven Vosloo, a UNICEF data, research and policy specialist, about the importance of putting children at the centre of AI-related policies. Artificial intelligence has...
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...