In an exchange filing on Monday, HDFC Bank said that several of its...
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Insurance Amendment Bill, 2025: IRDAI further empowered to protect customers
The bill provides that the IRDAI may in the interest of the...
Govt officials hold road shows in London and Singapore for GIC Re disinvestment
The government is also actively planning to disinvest in Life...
Govt develops eMaap for ensuring fair trade, consumer protection and a centralized database of all stakeholders
eMaap simplifies critical procedures such as issuing, renewing, and amending licenses, as well as handling verification & stamping of weighing & measuring instrument, registration certificates, and appeals, etc New Delhi: The Department of Consumer Affairs is...
Sebi revises guidelines on mobile and e-mail alerts for investors
Under the revised framework, Sebi said, the stock brokers can upload a common mobile number or e-mail address for multiple clients under certain conditions New Delhi: Capital markets regulator Sebi on Tuesday revised its guidelines on the use of shared mobile numbers...
Insurers seek zero-coupon bonds to manage long-term risks
Zero-coupon bonds could help insurance companies better manage their long-term liabilities, as they step up offerings of guaranteed savings products Mumbai: Indian insurers have asked the government to issue new sovereign debt instruments, including zero-coupon bonds,...
EPFO invests Rs 34,208 cr in ETFs during Apr-Oct
The total corpus of various funds managed by EPFO was Rs 24.75 lakh crore as on March 31, 2024, including debt investments of Rs 22,40,922.30 crore and Rs 2,34,921.49 crore in ETFs New Delhi: Retirement fund body EPFO has invested Rs 34,207.93 crore in exchange traded...
FSSAI reclassifies packaged drinking water, mineral water as high-risk food
The move, effective immediately following an order dated November 29, requires manufacturers to undergo mandatory third-party food safety audits and comply with enhanced quality standards New Delhi: The FSSAI has reclassified packaged drinking water and mineral water...
Private equity exposure with insurers can be risky for , financial markets, BOE says
Officials are concerned that a potential sharp and correlated deterioration in these investments could amplify risks across global insurers. That could spark “asset fire sales” which disrupt corporate funding markets, the BOE warned London: Private equity’s advance...
Sebi cracks down on finfluencers ‘Baap of Charts’ among 7 banned for up to 1 year
The recommendations were given in the garb of providing educational training related to the securities market, according to Sebi New Delhi,: Intensifying its crackdown on finfluencers, markets regulator Sebi on Monday restrained seven entities, including Mohd...
RBI asks banks to bring down inoperative accounts urgently report their numbers quarterly
Expressing concern over the rising sums of money lying in such accounts, the RBI said its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or get frozen Mumbai: The RBI on Monday asked banks to "urgently" reduce...
wefox agrees to sell insurance carrier to a group of Swiss companies led by BERAG
wefox has agreed to sell the insurance company to a group of Swiss companies led by BERAG. BERAG is an independent Swiss provider of pension services and in recent years has represented wefox Insurance AG as an MGA in Switzerland and built up the daily sickness...
Health, life insurance premium to fall if GST Council decides to reduce taxes on premium: FM
Nirmala Sitharaman, Finance Minister "…The matter of review of GST rates on life and health insurance is pending before the GoM. If a recommendation for a reduction in GST rate is made by the GST Council, the cost of insurance to the policy holder is expected to come...