Finance minister Sitharaman, while speaking in the Lok Sabha, said,...
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HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its...
Insurance Amendment Bill, 2025: IRDAI further empowered to protect customers
The bill provides that the IRDAI may in the interest of the...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
Nothing stops pvt sector from coming and doing business In India: Nirmala Sitharaman
Nirmala Sitharaman,Union Finance Minister When asked about prospects for private sector engagement, particularly in banking and insurance, Sitharaman responded, "Nothing stops them from coming and doing business. There are actually many private banks already in India,...
EU AI Act checker reveals Big Tech’s compliance pitfalls
Companies failing to comply with the AI Act will face fines of 35 million euros ($38 million), or 7% of global annual turnover Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity...
Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move — said it wouldn’t be in the public interest for the Income Insurance Ltd. transaction to go ahead in its current form. It wasn’t satisfied the firm can continue to fulfill its social mission as a...
Chinese cyber association calls for review of Intel products sold in China
The industry group goes on to state that operating systems embedded in all Intel processors are vulnerable to backdoors created by the U.S. National Security Agency. Intel Corp. products sold in China should be subject to a security review, the Cybersecurity...
Marsh fined Rs1 crore by IRDAI for violating Indian re/insurance regulations
The broker did not remit the premium to the insurer/reinsurer within the time limit of 15 days. In view of the above and a history of similar violations persisting for long, where in some cases, the delay in remittance of premium was observed to be more than 900 days,...
CCI approves Central Bank of India’s proposed stakes acquisition in Future Generali Insurance ventures
Earlier, state-owned bank Central bank said it has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company and Future Generali India Insurance Company . New...
Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra
Michael Patra, Deputy Governor, RBI Central banks face an "existential threat" to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a conference in New...
PM Modi pitches for framing global dos don’ts for ethical use of technology
Prime Minister Narendra Modi Emphasising on ethical use of AI with security, dignity, equity being at the centre, Prime Minister Narendra Modi said global institutions should come together to work out dos and don'ts New Delhi: Prime Minister Narendra Modi on Tuesday...
Sebi urges investors to deal with only registered persons & entities
"The information about authentic persons or institutions registered with Sebi is available on the website," Sebi Executive Director Manoj Kumar said Mathura: Investors must rely on persons or institutions that are registered with the Securities Exchange Board of India...