The lawsuit comes after an Australian Securities and Investments...
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Govt appoints IDBI Capital, and Motilal Oswal for LIC’s OFS
The OFS , which could be between 2.5% and 3% of government's equity...
RBI panel recommends AI framework for finance sector
"The report envisions a financial ecosystem where encouraging...
Go Digit General Insurance gets Bombay HC relief on GST demand
After ICICI Lombard General Insurance, the Bombay High Court has set aside a Rs 170.29 crore GST demand against Prem Watsa invested Go Digit General Insurance and ordered the tax department to reconsider the case. An assessment was raised by the Chennai South GST...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study
The study indicated that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24. New Delhi: Nearly 91 per cent of individual traders incurred losses in the equity derivatives segment in fiscal year 2025,...
Carrier becomes latest global firm to sue govt over electronic waste rules
All of the companies0South Korea's Samsung Electronics and LG Electronics as well as Japan's Daikin and Tata's Voltas- are seeking to have the rules quashed. India is the third-biggest generator of electronic waste behind China and the U.S., but the government says...
RBI advises banks to integrate DoT’ s financial fraud technology
Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud New Delhi: The Reserve Bank of India has advised all banks...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's expectation that the insurer will continue to benefit from ongoing financial and operational support from its wholly owned parent, GIC Re . GIC Re SA benefits from rating uplift due to the support of its...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
CTI raises concern over rising health insurance premiums, writes to FM
In a letter to Finance Minister Nirmala Sitharaman, CTI chairman Brijesh Goyal said health insurance premiums have increased by 15 to 20 per cent in the last few years, putting a strain on household budgets and forcing many people to discontinue their policies midway....
French investigators order Tesla to stop ‘deceptive business practices’
Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive commercial practices over the fully autonomous driving capabilities of its cars, had issued sales contracts with no date, time or...
DGCA finds various defects in aviation ecosystem during surveillance at major airports
Among other defects, the regulator found that a simulator was not matching with the aircraft configuration and also the software was not updated to the current version. New Delhi: Aviation watchdog DGCA on Tuesday said surveillance conducted at major airports revealed...