The regulator said that it has mandated the use of 1600 series...
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FSSAI issues notices over flavoured spirits, misleading energy drink claims
In a related move, the FSSAI also served notices to six major...
Aviva buys out Dabur’s 26%, takes full control of its Indian life JV
The acquisition follows recent regulatory foreign direct investment...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Apollo Global Management sees potential risks in US insurers moving to Cayman Islands
Executives, regulators and experts have voiced concerns in recent months about the emerging risks among US life insurers as private equity expands its influence on the sector. In an October study, economists from the Bank for International Settlements attributed part...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like Composite License, Open Architecture and allowing Differential Capital Among new provisions, the bill proposes to constitute a Policyholders’ Education and Protection Fund, One-time registration of insurance...
PFRDA widens investment options for funds
The PFRDA will now allow private pension funds to invest in the top 250 stocks by market capitalisation listed on India's bourses. Earlier, these funds were allowed to invest in a list of 200 stocks approved by the trust of the National Pension Scheme New...
TRAI-RBI pilot to help select customers review, revoke consents given for promotional content
Under the joint TRAI–RBI Digital Consent Acquisition (DCA) pilot to digitise and standardise consent for promotional communications, SMS notifications will begin to be sent shortly to select customers (limited in number), according to Ministry of Communications. New...
EU strikes deal to further weaken corporate sustainability laws after US pressure intensifies
The agreement reached, which also scales back the scope of the Corporate Sustainability Due Diligence Directive, represents an effort to “boost competitiveness and cut red tape,” the EU Parliament’s legal affairs committee said in a statement. The European Union...
Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board
Shalini Pandit, joint secretary,Department of Financial Services Pandit has also been made director on the board of Life Insurance Corporation New Delhi:The Government, on Friday, has changed its nominee directors in the boards of insurance regulator IRDAI, Life...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India together own about 95% in the lender. The government will sell 30.48% of its stake in the bank, while LIC will offload 30.24%, along with transfer of management control. India is poised to seek bids...
Berkley Insurance Asia launches operations in India’s GIFT City
“India has long been an important market for Berkley Insurance Asia and establishing operations here is a natural progression of our journey. We have been underwriting Indian risks from Singapore for many years. The time is now right to be closer to decision-makers,...
Fake news threat to democracy, govt working to curb it, says Union minister Vaishnaw
"Fake news is a very serious issue. Fake news is a threat to democracy. There is a need to take strict action against fake news and AI-generated deep fake videos," he said during Question Hour New Delhi:Terming fake news as a threat to democracy, Union Minister for...