IRDA’s order for suspending Sastry signed by Raja K Sinha , member,...
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Global Expansion: India Inc needs a multi-dimensional shield
Vaibhav Luthra, Tax Partner, EY India said, “India’s global...
Sebi approves LIC’s reclassification as public shareholder in IDBI Bank post completion of its strategic disinvestment
The voting rights of LIC will not exceed 10% of the total net...
Bill to decriminalise certain minor offences to be introduced in Lok Sabha on Monday
Over 350 provisions are proposed to be amended through this bill for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business New Delhi: The Jan Vishwas (Amendment) Bill 2025 to decriminalise certain...
Generative AI set to improve banking operations in India by 46%: RBI Report
Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer...
Australia’s financial regulator sues Mercer over customer disclosures
The lawsuit comes after an Australian Securities and Investments Commission report criticized leadership across the A$4.1 trillion pensions industry for fostering a culture of poor customer service, outlining 34 recommendations for reform. The regulator has also taken...
Govt appoints IDBI Capital, and Motilal Oswal for LIC’s OFS
The OFS , which could be between 2.5% and 3% of government's equity in LIC, could mobilise between Rs14,000 crore and Rs 17,000 crore New Delhi: The government is firming up further stake sale of between 2.5% and 3% of its equity in Life Insurance Corporation (LIC)...
RBI panel recommends AI framework for finance sector
"The report envisions a financial ecosystem where encouraging innovation is in harmony, and not at odds, with mitigation of risk," the RBI said in a statement MUMBAI: An RBI panel has recommended that banks and other financial institutions formulate a policy to...
Mule Account Menace: Lucknow’s local youths fall prey to global cyber fraud network
The funds come from a range of cybercrimes in India: online investment frauds, fake job or task schemes, sextortion, and bogus trading platforms. Victims' payments are funnelled into mule accounts before disappearing into the blockchain - beyond the jurisdiction of...
Sebi scraps transaction charges for mutual fund distributors
Under the earlier framework, Sebi said distributors were eligible for such charges if they brought in a minimum subscription amount of Rs 10,000.This change is expected to simplify the distributor compensation process while maintaining transparency in the mutual fund...
India well-equipped to tackle evolving online harms, cyber crimes: Govt tells Parliament
Jitin Prasada, Union Minister of State for Electronics and Information Technology The MoS informed that to combat the rising threat of deepfakes and ensure an open, safe, and accountable cyberspace, the Government of India has established a comprehensive legal and...
Sebi chief urges redefining role of independent directors as stewards of accountability
Role of independent directors requires a change in multiple areas. They must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures New Delhi: Capital markets regulator Sebi chief Tuhin Kanta Pandey on...
Joydeep Saha appointed as MD & CEO of ManipalCigna Health Insurance
Joydeep Saha,MD & CEO of ManipalCigna Health Insurance He has been associated with the company for over seven years, having previously served as appointed actuary and chief officer – Actuarial, Product, Reinsurance, Group Underwriting & Analytics Mumbai: After...