The notice by the Directorate General of Civil Aviation (DGCA)...
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Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests....
RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
Home Insurance- Gaining Momentum in India’s Real Estate Market
Insurers are increasingly introducing innovative, customer-centric solutions to meet evolving consumer needs. For example, ‘pay-as-you-use’ home insurance allows coverage for specific periods, such as 10 days when homeowners are away on a trip, this can also be...
IRDAI inducts new members into its Insurance Advisory Committee
The new members inducted into IAC are, MR Kumar, former chairman, LIC and currently non-executive chairman of Bank of India, Dinesh Kumar Khara, former chairman, State Bank of India, Vishakha Mule, CEO, Aditya Birla Capital, Nilesh Shah, MD, Kotak Mahindra Asset...
Hinduja group’ IIHL completes acquisition of Reliance Capital; mgmt transfer to take place on Wednesday
The journey for value creation would now begin, Ashok Hinduja said, adding that the value of the Reliance Capital business on a conservative basis would be Rs 20,000 crore. IIHL would complete the review of the entire RCAP business and take a call on the fund infusion...
LIC likely to announce its stake buying in a health insurer by Mar 31, says Mohanty
Siddartha Mohanty, MD & CEO, Life Insurance Corporation `Our plans to get into health insurance have made progress. We are now at the final stage and hopeful that a decision will be taken before March 31. We have to also get regulatory approvals and that take...
DoT WhatsApp collaborate for awareness campaign against online scam spam
Union Telecom Minister Jyotiraditya Scindia "As India advances on its path of digital transformation, ensuring the safety and security of our citizens remains a top priority. Our partnership with Meta strengthens this commitment to protect our people from fraudulent...
EPFO achieves a historic high of 21.6 million claim settlement as on March 6
At present, 96 per cent corrections are being done without any EPF office intervention, and over 99 per cent claims are received through online mode New Delhi: Retirement fund body EPFO settled a record number of 21.6 million claims through the autonomous process in...
Allianz exits 2 Bajaj insurance JVs by selling its 26 % for Rs 24,180 crore, to set up new Indian insurance companies
Allianz, which had invested just Rs 174 crore in both the JVs way back in 2001 , is expected to start new insurance new companies in India soon either by partnering with another Indian company or with full ownership after the government allows 100 per cent FDI in the...
Avoid calling customers repeatedly to submit KYC docs Malhotra
Other areas where the banks need to focus on from a customer service perspective are misselling, digital frauds, and aggressive recoveries practices, said RBI Governor Sanjay Malhotra Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday asked banks...
Dismantling DEI- Many businesses in Europe and Asia stand firm on diversity initiatives
US President Donald Trump In jurisdictions from the UK and the EU to Australia and Hong Kong — where inclusion measures have primarily focused on gender rather than race — companies are legally required to meet targets for board diversity, gender pay gaps, pay...