Following Sebi's approval, the company will file its updated draft...
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CCI probe finds Tata Steel, JSW Steel, SAIL breached antitrust law, regulatory order shows
The Competition Commission of India (CCI) has also held 56 top...
S Prakash appointed as first CEO,Health Insurance, GI Council,to spearhead sector reforms
S Prakash, CEO-designate, Health Insurance, General Insurance...
Bima Manthan:IRDAI asks insurers to strictly focus on claim settlement, zero-tolerance to non-compliance of regulations
Debasish Panda, chairman,IRDAI Distribution reforms in the pipeline were discussed which aim to empower individuals in the space of insurance intermediation through measures to enhance performance and productivity of the distribution channels, training and capacity...
IFSCA cancels license of Prowess Insurance Brokers
GIFT City based the IFSCA has cancelled the license granted to Prowess Insurance Brokers Pvt. Ltd. (PIBPL), to operate a Branch office in GIFT IFSC as IFSC Insurance Intermediary Office (IIIO). The action is taken in light of non-compliance with directions...
Sebi rejects Digvijay Gaekwad’s plea for competing open offer in Religare deal
With this ruling, the Burman Group's open offer process remains on track, solidifying their acquisition bid for Religare Enterprises Ltd (REL) New Delhi: Capital markets regulator Sebi on Friday rejected Digvijay Laxhamsinh Gaekwad's plea seeking an exemption to make...
I-T Bill powers taxmen to override computers, virtual digital space access codes in search, seizure
As per the Bill, virtual digital space encompasses any digital realm that allows users to interact, communicate and perform activities using computer systems, computer networks, communication devices, and includes email servers, social media accounts, online...
Rashmi Saluja ceases to be director of Religare as shareholders refuse her re-appointment
Rashmi Saluja Following the clarification from the RBI received on Thursday, Rashmi Saluja, executive chairperson, ceases to be the director of the company, Religare Enterprises, the holding company Care Health Insurance, said in a regulatory filing New Delhi:...
Centre warns telcos of fine up to Rs 10 lakh over failure to curb spam
“To make the complaint process simpler and more effective, it has been mandated that if a complaint made by a customer contains bare minimum essential data such as number of the complainant, number of Sender from which the Spam/UCC has been received, date on which...
Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as Meta Platforms's WhatsApp have denied the regulator access to its social media group chats as the current information technology law does not identify the capital markets watchdog as an 'authorised...
EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and medium-sized companies — have been well-flagged, but officials are now also looking at ways to ease rules that require firms to clean up their value chains under the Corporate Sustainability Due Diligence...
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information disclosure mechanism and disclose annual concentration risk management information on their websites before June 15 each year, the regulator said China’s National Financial Regulatory Administration on...