This is the first deal by any foreign insurer to have a 100 per...
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Middle East Crisis: 444 flights expected to be cancelled on March 1, Flight disruptions hit passengers across India
“Passenger assistance, airline coordination, and terminal crowd...
Baramati plane crash: Visibility was below required level when accident happened, says AAIB initial report
In its safety recommendations, AAIB said operators of uncontrolled...
BIS cracks down on e-commerce giants over non-certified products
The standards authority has issued notices to major e-commerce platforms including Amazon, Flipkart, Meesho, Myntra, and BigBasket, directing them to ensure that only BIS-certified products are listed where certification is mandatory New Delhi: The Bureau of Indian...
RBI assures customers and investors on IndusInd Bank’s financial health
Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, massive price correction in the bank's scrip was witnessed. Mumbai: The Reserve Bank on Saturday asked...
RBI Gov urges common pool of climate-focused projects to enhance financing
Sanjay Malhotra, Governor,RBI Speaking at a Reserve Bank Of India (RBI) event in Delhi, Malhotra said one of the major constraints in having sufficient climate-related financing is the lack of projects with a high probability of repayment New Delhi: Indian banks and...
ICMR should study more about air pollution suggest ways to handle ill-effects Par Panel
"The committee, therefore, feels that it is high time for India to establish an Environmental Health Regulatory Agency for Comprehensive and Cohesive Environmental Governance to control detrimental health effects of exposure to air, water and soil pollutants to...
NCLT gives all parties 8 days to complete procedural issues for ownership transfer of RCAP to IIHL
The procedural documentation and filings for the last leg of the transaction for the remaining Rs 4,500 crore is under process. However, due to the upcoming banking holidays, a seven-day extension was considered appropriate by all parties Mumbai: The National Company...
IRDAI grants license to Prem Watsa promoted Indian reinsurer Value Attics
The IRDA has also identified Life Insurance Corporation of India, The New India Assurance Company Ltd and General Insurance Corporation of India as Domestic Systemically Important Insurers (D-SIIs) for FY 2024-25 Oben Ventures LLP (promoted by Kamesh Goyal) and FAL...
RBI invites applications for recognition of SROs for account aggregator ecosystem
The account aggregator framework facilitates secure and seamless exchange of specified financial information through Non-Banking Financial Company-Account Aggregators, which act as intermediaries between Financial Information Providers (FIPs) and Financial Information...
Growing role of insurance companies and retail investors in private credit making it vulnerable: BIS report
“The growing role of insurance companies and retail investors, as well as funds’ leverage and degree of portfolio concentration warrant monitoring, This is especially relevant in light of growing interlinkages between banks and private credit” The Bank for...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...
RBI to promote innovations in payment systems with soft touch regulations:Governor
Sanjay Malhotra,Governor , RBI "We will continue to encourage innovation while promoting safety and security through soft touch regulations," the RBI chief said and added that the central bank has adopted a soft-touch approach to regulating the payments ecosystem and...