"After receiving this initial information, we have grounded the...
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Govt mulls allowing 49% FDI in PSU banks
M. Nagaraju, secretary, Department of Financial Services Foreign...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
Infosys US unit pays $125,000 penalty for cybersecurity lapses
In March this year, Infosys had informed the stock exchanges that Infosys McCamish Systems reached an agreement to settle six class action lawsuits in the United States, in relation to 2023 cyber incident. Under the proposed terms, Infosys McCamish Systems had agreed...
Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than three years is capped at 10%, with most securities needing ratings from at least two credit agencies, according to a March 2025 circular by the pension regulator Mumbai/New Delhi: Indian pension managers...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
IRDAI board meet on July 14, likely to approve new licenses
In the absence of a regular chairman after Debasish Panda ended his three-year term in March ,PK Arora, member, Actuary, IRDAI, will chair the IRDAI board meeting New Delhi/Hyderabad: Insurance regulator IRDAI will have its next board meet on 14th July and...
Grievance redressal must go beyond disposal to ensure citizen’s satisfaction, Jitendra Singh
Jitendra Singh,Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Personnel, Public Grievances and Pensions “If a complaint is coming from different parts of the country, it is time to question the...
Go Digit General Insurance gets Bombay HC relief on GST demand
After ICICI Lombard General Insurance, the Bombay High Court has set aside a Rs 170.29 crore GST demand against Prem Watsa invested Go Digit General Insurance and ordered the tax department to reconsider the case. An assessment was raised by the Chennai South GST...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study
The study indicated that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24. New Delhi: Nearly 91 per cent of individual traders incurred losses in the equity derivatives segment in fiscal year 2025,...
Carrier becomes latest global firm to sue govt over electronic waste rules
All of the companies0South Korea's Samsung Electronics and LG Electronics as well as Japan's Daikin and Tata's Voltas- are seeking to have the rules quashed. India is the third-biggest generator of electronic waste behind China and the U.S., but the government says...
RBI advises banks to integrate DoT’ s financial fraud technology
Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud New Delhi: The Reserve Bank of India has advised all banks...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...