The transaction is expected to close in the quarter ending March...
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Shriram Finance to sell 20 pc stake to Japanese firm MUFG Bank for Rs 39 618 cr
This collaboration combines Shriram Finance's established domestic...
Passage of Insurance Bill in Parliament to play catalytic role for sector growth: LIC Chief
The Bill provides a framework for greater operational agility and...
Union Budget 2025-26: Reshaping Indian insurance landscape
Tapan Singhel, MD&CEO, Bajaj General Insurance& Chairman, General Insurance Council With the move to allow 100% FDI in insurance, we could see India moving towards a future with 1,000 insurers in the next decade. A larger number of players will bring greater...
Sebi member expresses concerns over misleading disclosures related to ESG metrics
Speaking at the ESG Summit organised by the industry body FICCI here, Sebi Whole-Time Member Amarjeet Singh also said that regulators need to enhance their oversight capabilities and introduce legislative changes as the sustainable finance market expands. Mumbai: A...
Govt amends norms to restore Aadhaar verification process for private entities
"Any entity other than the Ministry or Department… which is desirous of utilising Aadhaar authentication, shall prepare a proposal with justification in regard to the authentication sought being for a purpose specified in rule 3 and in the interest of state, and...
Eco Survey: Health expenditure grew to Rs 6.1 lakh crore in FY25
“Health is a crucial component of human capital and a valuable asset for a prosperous and stable economy. It boosts productivity, reduces healthcare needs, enhances life expectancy, and supports social development,” said the Economic Survey New Delhi: The Economic...
Economic Survey-Financial regulators need formal impact assessment rules, government
The report suggested that regulators set up an independent Regulatory Impact Assessment (RIA) agency internally. The RIA would directly report to the board of the regulator, which includes members from the government and independent directors. MUMBAI: India's...
K’taka health dept passes order to implement SC’s directive for patient’s right to die with dignity
"We have also come out with an Advance Medical Directive (AMD), or a living will, in which a patient can record their wishes about their medical treatment in the future. This important step, according to the minister, will bring great relief and a dignified sense of...
Irdai caps health insurance premium hikes for senior citizens at 10 pc per annum
Irdai further said insurers will have to undertake prior consultation with it if the increase proposed in the premium for senior citizens is more than 10 per cent per annum. Hyderabad: Insurance regulator Irdai on Thursday directed insurers not to increase health...
Sebi rejects competing open offer by US-based entity to pick majority stake in Religare
In a communication dated January 28 to REL, the Securities and Exchange Board of India (Sebi) said, "letters submitted by Digvijay Laxmansinh Gaekwad are being returned since the same is not an exemption application in terms of Regulation 11 of SEBI (SAST)...
Auditors get tougher guidelines on judging firms’ environmental claims
The move by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) comes as more companies are pushed to disclose data as part of efforts to fight climate change International auditors have...
RBI Guv asks banks to have robust systems to curb digital frauds
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management and cyber security, the governor urged banks to have enhanced oversight over third-party service providers for mitigation of the risks emanating from them, RBI said in a release Mumbai: Flagging the...