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Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites
Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and...
UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%
Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
Regulators discuss ways to enhance financial sector resilience amid geopolitical frictions
Sanjay Malhotra,Governor,Reserve Bank of India "The FSDC-SC reaffirmed its commitment to enhancing financial sector resiliencethrough inter-regulatory coordination; and keeping a close watch on emerging challenges, including those from heightened geopolitical...
I4C signs MoU with RBI Innovation Hub to use AI for detecting mule accounts, tackling cyber fraud
Union Home Minister Amit Shah said the agreement is part of the government's efforts to improve cyber security infrastructure and build stronger safeguards for citizens against online fraud. New Delhi:The Indian Cyber Crime Coordination Centre (I4C) under the Ministry...
CDSCO mandates safety reporting from new drug launch
In an advisory issued by the Central Drugs Standard Control Organisation (CDSCO) on April 21, the regulator said it has observed instances where companies obtained approval for a new drug but launched the product in the market much later while submitting Periodic...
Firms turn to AI as cyber threats accelerate
"Attackers are moving faster and at greater scale than ever before. This report is a call to action for organizations to match that pace, with AI as a force multiplier for cyber defence," said Laurent Gobbi, Partner, Global Head of Cyber & Tech Risk, KPMG....
Labour reforms:Govt fully operationalises four new codes by publishing rules
The codification of 29 existing labour laws into the four labour codes was undertaken to address long-standing challenges and make the system more efficient and contemporary.The codification aims to enhance ease of doing business, promote employment generation, ensure...
Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks
Anthropic’s Claude Mythos Preview highlights rapidly escalating AI-driven cyber risks, with the model able to identify and exploit vulnerabilities across major systems even in non-expert hands.This signals how quickly such threats could extend beyond technology and...
Iran sets Hormuz transit rules; Shipowners stay cautious
Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe, stable passage” through the waterway will be possible with “new protocols in place.” That came soon after a report that the US had proposed a peace deal, which Tehran is now considering. Iran has laid...