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AI dangerous tool, be it in Chinese or American hands: Delhi HC on plea to ban DeepSeek
The court’s observation came while it was hearing a petition...
Govt planning to use AI for identifying mule accounts to check cybercrime: Amit Shah
Amit Shah, Union Home Minister Union Home Minister Amit Shah said...
Govt developing dedicated portal for facilitation of domestic investors
“In order to further strengthen efforts to promote domestic investments, the Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of finalising a dedicated digital portal – Atmanirbhar Niveshak Mitra – for hand holding, information dissemination, and facilitation of domestic investors,” it said.
The special features of the portal will be daily updates on policies and new initiatives by central and state governments; information about approvals, licences, clearances and different schemes and incentives; information on manufacturing clusters and land availability; and applicable taxation system.
Irdai slaps Rs 1 cr penalty on Chola MS General for undue payments to MSIPs
Irdai said the insurer violated guidelines with regard to payment, directly or indirectly, to MISP or any of its associate company.
The insurer made indirect payments to MISPs, automotive dealers and designated persons on the name of “advertisement” and “professional charges”, read the order.
“It is found that the engagement with and payments for ‘display of advertisement material’ made by the insurer to TVS, A M Motors, Indus, ERAM and Nippon during the period from November 2, 2017, to December 31, 2019, are in contravention of MISPs guidelines.
Arora to handle investment portfolio after Kutumbe retires
IFSCA to soon come up with SPAC regulatory framework: Injeti Srinivas
Srinivas also said that the IFSC can act as the second engine of the Indian economy and be an external engine, which will not only channelize global capital flows into India, but it will also make the external face of India available in this centre.
Pfizer wants to make vaccine in India if faster clearance, export freedom assured -sources
Pfizer and Moderna, whose shots are more expensive than the AstraZeneca one being used in India’s immunisation campaign, are not comfortable with strict price and export restrictions, one of the sources said.
Examine measures in pending legislation for regulation of online health service aggregators: HC to Delhi govt
“Besides, these online aggregators are not accredited by any accreditation agency. The existence of such illegal online diagnostic aggregators are posing serious health challenges as a large number of people are falling prey to the attractive health packages being offered by these illegal online aggregators,” read the plea.
Sebi proposes stricter rules on independent directors
The Securities and Exchange Board of India (SEBI) proposed that if listed companies in India wish to appoint or remove independent directors they should require the “dual approval” of shareholders and a majority of the company’s minority investors.
If either of the requirements are not met, a new person will not be appointed and existing independent directors can’t be removed, SEBI said in its proposal, which is open for public consultation until April 1.
Currently, only 51% shareholder approval is required for appointing or removing such directors in most cases, and no separate sign-off is needed from minority investors.
Rajeswari joins IRDA as member, Distribution
Meanwhile, the government has advertised for the post of member, Finance & Accounts,IRDAI as the incubment Pravin Kutumbe will be retiring on 12th March after completing his three-year term.
Subhash Chandra Khuntia, chairman, IRDAI, will completing his three-year term in May.
Aon’s $30 billion bid for insurance broker Willis hits EU antitrust hurdle:Reuters
The European Commission, which suspended its investigation into the deal last month while waiting for Aon to provide requested information, is concerned the takeover may drive up prices and hold back innovation.
Boeing to pay $6.6 million to FAA over safety lapses
The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”