An amendment to India's Payment and Settlement Systems Act, tabled...
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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...
FSSAI acts against liquor makers over flavour, labelling violations
The Ministry said laboratory testing of rum and whisky samples from...
AM Best maintains stable outlook on India’s non-life insurance segment
“India’s long-term economic outlook remains favourable for non-life insurance growth despite the near-term moderation,” said Chris Lim, associate director, analytics, AM Best. Singapore: International rating agency AM Best has maintained its outlook on India’s...
Indian stock exchanges to remain open on Sunday for Union Budget 2026
Nirmala Sitharaman,Union Finance Minister The Budget Session of the Parliament will commence on January 28 and will continue till April 2.Finance Minister will begin the presentation of the Budget at 11 a.m. in the lower house on February 1, the Speaker said in...
RBI issues norms for internal ombudsman in banks, NBFCs
The directions have been issued with a view to strengthening the internal grievance redress mechanism within regulated entities and ensuring a speedy and meaningful resolution of customer complaints by enabling a review by an apex-level authority within the entities,...
HDFC Life’s net profit remains flat at Rs 421 crore
Vibha Padalkar, managing director and CEO of HDFC Life, said, “The life insurance sector saw an acceleration in momentum during the third quarter, supported by recent policy reforms and a rising preference for protection-led solutions. The GST exemption acted as a...
Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful to Lloyd’s, our investor J.C. Flowers & Co. and their adviser Macquarie Capital, and to our partners, Guy Carpenter and PoloWorks, for their belief in Niyam and its purpose. This marks the beginning...
‘No more 10-minute delivery’:Quick commerce players do away with deadline after labour minister intervenes
According to sources, Blinkit has already acted on the directive and removed the 10-minute delivery promise from its branding. Other aggregators are expected to follow suit in the coming days. The move is aimed at ensuring greater safety, security and improved working...
India tightens crypto noose:Live selfies geo-tagging now mandatory for users
The updated guidelines new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, issued on January 8 , classify crypto exchanges as Virtual Digital Asset (VDA) service providers who will now have to do more than just allow simple document uploads. New...
“Aircraft lost balance after sudden pressure drop”: Odisha Transport Minister on Rourkela crash
The minister further stated that the aircraft, carrying passengers including the pilot, reportedly experienced a sudden drop in pressure and lost balance while flying at a relatively low altitude, leading to the crash. Six persons, including two crew members and four...
ICICI Lombard’s official accidently posts financial results of Dec quarter in WhatsApp
"Though this information is in draft form and subject to changes during the ongoing audit, as a precautionary measure and in compliance with good corporate governance practices, the Company is reporting this incident to the Stock Exchanges," the statement said Mumbai:...
Protect customers from the menace of rising digital frauds: Malhotra
Sanjay Malhotra,Governor,Reserve Bank of India "A key element of this endeavour should be to protect customers from the menace of rising digital frauds, which has engaged national attention. While banks and other regulated entities individually should continue to...