The IRDA order clafrified that the submission of the insurer failed...
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Tata Steel’s Netherlands units sued by Dutch NGO seeking $1.6 bn for alleged health damage
The case adds to mounting scrutiny on Tata Steel’s European...
PSB consolidation to gain momentum in 2026 as govt eyes big world-class banks
As far as the insurance sector is concerned, the year saw the...
EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges in stock & index futures and options against their holding in equities subject to the exposure and position limits. The equity derivatives shall be used only for hedging purpose. Any OverThe...
Govt appoints Fin Secy Tuhin K Pandey as new Sebi chief for 3 yrs
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will also complete his three-year tenure on Mar 14 and it is yet to be know whether the government will extend his tenure at the Indian insurance regulatory body New Delhi: The government on Thursday...
Hong Kong’s Peak Re receives license to open office in GIFT-IFSC
Peak Re, the fourth reinsurer to get a license, has a total global business of $1.75 billion. It has already developed a major Indian portfolio, largely constituting Crop and Property, as a Cross Boarder Reinsurer(CBR) and gearing up to expand it further in the...
NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release Rs 2,750 crore in equity capital into Reliance Capital's account to demonstrate its commitment to completing the transaction. The tribunal accepted the proposal Reliance Capital has three insurance...
India on the verge of becoming clinical trials hub
India's clinical trials data market is estimated to touch $1.51 billion in 2025, according to U.S.-based GrandView Research. While India's reputation as a trusted region for conducting trials is improving, several challenges, such as a lack of standardized regulations...
Regulatory standards must be stronger for quality medicines: Health secy
The meeting with state drug regulators comes in the wake of the Drugs Controller General of India (DCGI) prohibiting the production and export of all combinations of pain relief medicines tapentadol and carisoprodol, following reports that unapproved combinations of...
Google set to be charged with breaching EU rules
The European Commission has been investigating Google for potential breaches of the Digital Markets Act since March last year. One probe focuses on whether Google favors its vertical search engines such as Google Shopping, Google Flights and Google Hotels over rivals,...
Machinery for citizens to flag misleading ads needed: SC
A bench of Justices Abhay S Oka and Ujjal Bhuyan said the Drug and Magic Remedies (Objectionable Advertisements) Act, 1954 was of vital importance New Delhi: The Supreme Court on Monday underscored the importance of creating a mechanism for citizens to file complaints...
India leading in AI adoption, governance: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister The country recorded 3 billion AI-related app downloads in 2024, while the US and China had only 1.5 billion and 1.3 billion downloads, respectively Kottayam (Kerala): Union Finance Minister Nirmala Sitharaman on Saturday...