“This settlement is a major victory for American children and...
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Breaching Expense Limits: IRDAI bars Acko General and Niva Bupa from opening new branches for 6 months
In both the cases, the insurers failed to comply with limits on...
8th Health Insurer: Prudential Health India commences operations
Naveen Tahilyani, Regional CEO, Indonesia, Malaysia, the...
Girija Subramanian takes over as member Distribution,IRDAI
Girija Subramanian, member, Distribution, IRDAI Except the post of member, Actuary, all other Member positions have now been filled.Dinesh Pant, managing director, Life Insurance Corporation, who has already been selected for the post member, Actuary , is yet to join...
FSSAI warns Diageo its whisky’s ‘matured in American oak casks’ claim was misleading
The FSSAI announced on Sunday it had prohibited sales of Diageo's Royal Challenge Whisky made in the state of Madhya Pradesh and some whisky and rum brands made in some Indian states by Diageo and India's Inbrew for using artificial flavouring, such as whisky and...
Screening test indicated result requiring confirmatory testing: Civil Aviation Ministry on Phuket-Delhi flight mishap
The Airbus A320, operating flight AI2379 from Phuket to Delhi on August 4, lost about 300 feet of altitude during cruise before stabilising and landing safely in Delhi. New Delhi:The pilot-in-command of an Air India flight that experienced a sudden loss of altitude...
Rs 8.5 lakh crore DII inflows dwarf FPI outflows in FY26: SEBI
The strong domestic participation helped push DII ownership in the NSE-listed universe to an all-time high of 17 per cent, while FPI ownership fell to a 15-year low of 15.8 per cent.In addition, mutual funds accounted for a large part of the domestic inflows,...
IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation: Parliamentary panel
The Committee noted that the 18 per cent GST on insurance products has adversely affected affordability and insurance penetration.It "recommended that the Government examine GST rationalisation for health, term life, agricultural insurance and reinsurance products on...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...
Government raises Rs 31,552 crore as LIC Offer for Sale closes with overwhelming investor response
"Offer for Sale in the Life Insurance Corporation of India (LIC) closed with an overwhelming response from both retail and institutional investors. The issue was oversubscribed on both days, and the Government exercised its entire green shoe option. With this, the...
RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
RBI marginally raised the growth forecast to 6.7 per cent while lowering inflation projection to 5 per cent for the current fiscal. Mumbai: In an expected move, the Reserve Bank of India on Wednesday kept key interest rates unchanged for the third time in a row this...
Govt paves way for return of merchant fees on digital payments
An amendment to India's Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of a merchant discount rate (MDR) on digital payments, according to industry and regulatory sources. NEW...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately
The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...