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SEBI drops fraud allegations against Max Financial, Axis Bank in Rs 3,912-crore case
The scrutiny originated with the Insurance Regulatory and...
TikTok agrees to $400 million settlement in child privacy case in US
“This settlement is a major victory for American children and...
Govt plans insurance reforms to rein in healthcare costs, sources say
"The idea is to benchmark treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims," said one of the sources. MUMBAI: The government is weighing wide-ranging reforms of health insurance, from benchmarked treatment rates to a...
Careless AI use could create new forms of financial exclusion, instability:RBI Governor
Reserve Bank of India Governor Sanjay Malhotra said AI built on top of this digital infrastructure has the potential to significantly change financial services and improve financial inclusion, but warned that the technology also carries risks if not deployed...
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...