Vibha Padalkar, managing director and CEO of HDFC Life, said, “The...
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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...
‘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...
ICAI to help Sebi tackle financial frauds
ICAI President Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial frauds New Delhi: Chartered accountants' apex...
UK-India investment treaty lets companies sue government
The Investor-State Dispute Settlement (ISDS) mechanism is aimed at protecting companies against possible unfair treatment under local laws, and will be included in an investment treaty that is expected to be struck alongside a free trade agreement shortly LONDON: An...
ESG Review-Course-correction underway among financial firms
The upshot is a broad-based retreat from the environmental and social principles that initially led financial firms to look for hires outside their usual stomping grounds. As a result, many of the climate scientists and campaigners from nonprofits who were hand-picked...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework
The Capital market regulator said that entities are grouped into four categories based on size and risk level -- Qualified REs (highest risk, most obligations), Mid-size REs, small-size REs and self-certification REs (least risk, fewer obligations). New Delhi:Markets...
Into the Cyberverse: Industry must prioritise product innovation and investment
Luke Foord-Kelcey, Global Head of Cyber, Howden Re, commented, “Cyber is maturing into a distinct asset class with diversified reinsurance product offerings. Cedents must continue to evaluate reinsurance purchasing strategies critically and holistically, ensuring...
SC says digital access intrinsic to right to life, directs changes in KYC guidelines for disabled
A bench of Justices JB Pardiwala and R Mahadevan said the changes in digital KYC guidelines for people with disability, including blindness, and acid attack survivors are necessary as they are unable to complete the KYC process and avail facilities like opening bank...
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...
Climate change may lead to increased probability of defaults: RBI DG Rao
M Rajeshwar Rao,deputy governor, Reserve Bank of India "Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers," he said at Credit...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will exit...
SC notice to Centre on plea to ban sexually explicit content on OTT social media
The plea sought the Centre to stop access to social media and OTT platforms until they formulated a mechanism to bar access to pornographic content, especially to children in India New Delhi: The Supreme Court on Monday called it an "important concern" and sought...