Ajay Kumar Shah, head of retail Business at Care Health Insurance,...
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FM calls for exceptional vigilance on cybersecurity risks in financial system
Nirmala Sitharaman,Union Finance Minister "…not just Sebi but all...
New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth
Ajay Seth, chairman, IRDAI ``To my mind, that was the first time an...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
Asia’s wealthy families unprepared for successive planning as their fortunes near $99 trillion
Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilize companies that have grown rapidly but lack the governance structures that many Western dynasties built over generations Asian private wealth is projected...
Trai, DoT concur on the view to display original name of caller by default
The exercise to start CNAM service across the globe started to prevent subscribers from fraud calls and check cyber crime activities like digital arrest, financial frauds etc. New Delhi:The telecom regulator Trai has agreed with the Department of Telecom to enable, by...
Govt plans to hike foreign investment cap in state-run banks to 49%, source says
Foreign interest in India's banking industry is on the rise as evidenced by Dubai-based Emirates NBD's recent $3 billion purchase of a 60% stake in RBL Bank and Sumitomo Mitsui Banking Corp's $1.6 billion acquisition of a 20% stake in Yes Bank which the Japanese...
Australia sues Microsoft over AI-linked subscription price hikes
The Australian Competition and Consumer Commission (ACCC) alleged that from October 2024, the technology giant misled about 2.7 million customers by suggesting they had to move to higher-priced Microsoft 365 personal and family plans that included Copilot Australia's...
US sanctions Russian oil majors over Ukraine, prompting jitters in India and China
The sanctions target oil giants Rosneft and Lukoil, which between them account for more than 5% of global oil output In another bid to starve Moscow of revenue, the EU also approved a 19th package of sanctions that includes a ban on Russian liquefied natural gas...
GIFT City rises in GFCI rankings, reflecting India’s momentum as a global financial hub
GIFT City's overall rating improved, underscoring increasing confidence among global investors and institutions in India's emerging international financial ecosystem. It also made a significant gain in the FinTech Index, where it rose five positions from 40th to 35th...
Global financial watchdogs to ramp up monitoring of AI
Banks have been broadly optimistic that AI will make them more productive, but regulators around the world have expressed concerns about its potential impact on financial stability Global financial regulators have laid out plans for closer monitoring of artificial...
Cough syrup deaths: Probe against Coldrif manufacturer exposed lapses by TNFDA
A recent inspection by the Central Drugs Standard Control Organisation (CDSCO) exposed the unit's appalling conditions and total non-compliance with Good Manufacturing Practices (GMP), the sources said The investigation against the Kanchipuram-based manufacturer of...
Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global insurance market. They act as strategic advisers — identifying emerging risks, building the data to make them insurable, aggregating demand for new solutions and uniting diverse sources of capital. In doing...