Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter...
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Regulation
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Asian regulators stepping up banks’ cybersecurity risks amid Mythos AI Fears
Singapore’s financial regulator is urging banks to plug holes,...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally...
West Asia Crisis:Govt now says yes to IFSCA’s plan to set up a P&I Club and Captives
The Department of Financial Services(DFS) last week has written to the IFSCA to go ahead with earlier plans to develop P&I Club and Captives in its jurisdiction after eruption the West Asian geopolitical crisis completely disrupting shipping and supply of oil and...
Post Brexit,UK seeks closer EU ties on financial services for growth
Six years after Britain left the European Union, Keir Starmer’s Labour administration is trying to forge closer links with the bloc, and Reeves has identified financial services as a key area that can help revive the UK’s stuttering economy. As part of that, ministers...
Airspace curbs, higher operational costs pose challenges for airlines amid West Asia conflict
Officials also said insurance premiums in the wake of the war have surged since February 28, ranging from Rs 30 lakh to up to Rs 1 crore, depending on narrow-body and wide-body aircraft.One of the officials said there is now a kind of war premium, which is about Rs...
EU moves to ban AI that creates nonconsensual sexual images
While Europe has a number of rules that make it illegal to produce and share sexual material without the subject’s consent, this amendment is the first to specifically target AI platforms. Lawmakers opted to target AI technology besides its users, due to swift...
Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025:IRDAI makes transitional arrangements for issuing licenses to intermediaries
To facilitate a smooth transition to the new regime, an interim arrangement has been introduced applicable to insurance intermediaries granted fresh registration or renewal of Certificate of Registration during the period from 5 February 2026 to 30 June 2026.During...
Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based access to structured insurance data, the Public Insurance Registry seeks to enhance transparency, strengthen consumer confidence, and support more effective regulatory oversight. This reform is...
IRDAI reconstitutes Insurance Advisory Committee
The IAC advises the Irdai on framing regulations, protecting policyholder interests, and fostering the orderly growth of the insurance sector. Comprised of industry experts, it reviews policies, ensures regulatory efficiency, and recommends measures to improve market...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and AI-enabled decision tools are seeing faster product development, better pricing accuracy and stronger fraud detection, says a Deloitte India’s report India’s insurance sector is entering a new phase of...
Need expanded cancer coverage, early diagnosis under Ayushman Bharat: Study
To maximise the benefits of early detection, the study also recommended embedding diagnostic coverage and screening support into the scheme. Diagnostics currently account for just 3 per cent of total cancer care costs, yet they often fall outside AB-PMJAY and delay...
FinMin amends public float rules for IPO-bound cos
The Securities Contracts (Regulation) Amendment Rules, 2026, notified on March 13, states that companies with post-issue capital of more than Rs 1,600 crore and below Rs 5,000 crore will have to increase their public shareholding to at least 25 per cent within three...