“Higher input costs associated with an increase in energy prices...
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IRDAI approves transmission of late Jhunjhunwala’s stake in Star Health
Star Health has received approval from Insurance Regulatory and...
IRDAI forms committee to review country’s current landscape of private health insurance
The committee will review the current landscape of private health...
Spain’s Map Re receives approval for its branch office in India’s GIFT City
“The authorization to operate in India means we’ll be even closer to our clients and that we’ll also be able to leverage our technical knowledge and underwriting capacity in a market with high development potential,” stated Miguel Rosa, CEO of Mapfre Re Mumbai/GIFT...
Investigation into AI-171 accident still in progress, clarifies AAIB
The preliminary report released earlier provided factual information available at that stage. The final investigation report, containing conclusions and safety recommendations, will be published upon completion of the investigation in line with established...
Competition Commission slaps Rs 27 cr fine on Intel Corp for unfair biz practices
The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India. New Delhi: Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive...
SC refuses to entertain Jairam Ramesh’s plea on retrospective environmental clearances
The Environment Impact Assessment (EIA) rules 2006 make it mandatory for projects to get environmental clearances before commencement of the groundwork.Twice, in 2017 and 2021, the government had allowed some projects to seek clearances after the groundwork had...
Data-driven governance and research critical for resilient securities markets: SEBI Chairman
He highlighted that while artificial intelligence and advanced analytics can strengthen surveillance and detect fraud, algorithmic markets can create feedback loops, and AI models can introduce opacity. To address these "real and growing" concerns, he called for...
Govt sticks to e-cigarette ban in snub for Philip Morris
"The government of India is not considering revoking, amending or relaxing this ban. India remains committed to evidence-based tobacco control and cessation measures," the health ministry said in response to Reuters queries about the lobbying by Philip Morris adding...
RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling has been established and to compensate customers for any losses in line with approved policies. Mumbai: The Reserve Bank of India (RBI) has proposed a ban on incentives paid by third parties to bank...
DPIIT notifies 100% FDI in the insurance sector
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Commerce and Industry Ministry has notified 100% foreign direct investment (FDI) in the insurance sector following the enactment of legislation in this regard.The Government of India has...
Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual mandatory third-party safety audits of its ash dykes since 2019. The ash dyke areas were accessible to illegal excavators which can lead to serious environmental hazards, the letter said, adding that...
AI has led to industrialisation of cybercrime, says Indian Cybercrime Coordination Centre CEO
``The biggest change that has come is that now cybercrime is being committed on an industrial scale. The technology has enabled industrialisation of cybercrime. With industrialisation, I mean the organised criminal gangs, mostly operating from Southeast Asia, Africa,...