CCPA has also issued notices to e-commerce platforms in some cases...
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RBI focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
Sanjay Malhotra,Governor,Reserve Bank of India Explaining Friday's...
Central Bank ventures into insurance, buys stakes in Generali’s Indian life and general insurance JVs
Central bank acquired acquired equity stake of 24.91 per cent of...

Airspace curbs: DGCA issues advisory to airlines on passenger handling steps due to longer flights
Airlines have to ensure that all passengers are proactively informed about the change in routing due to airspace restrictions and revised total expected travel time (departure to arrival), the regulator said New Delhi: Aviation watchdog DGCA on Saturday issued an...
UK polluting water bosses face up to two years in prison
The new measure delivers on the government’s promise to bring tougher criminal charges against lawbreakers in the water industry, UK’s Department for Environment, Food & Rural Affairs said in a statement. It’s essential “because some water companies have...

3 more Russian insurers seek India’s nod to provide cover for oil tankers
The move comes as growing scrutiny of Russia's oil supply chain by Washington and the European Union, including compliance with a price cap set by G7 for the use of Western ships and insurance, makes it increasingly difficult for Moscow to export its oil.India has...

India’s forex, money markets have doubled in last 4 years: RBI Governor
Sanjay Malhotra, Governor, Reserve Bank of India There has also been a 40 per cent surge in average daily volumes in the government securities (G-secs) markets to Rs 66,000 crore over the same period Mumbai: India’s financial markets have developed into a dynamic and...

China tightens regulations on battery-powered vehicles for higher safety standards
The Ministry of Industry and Information Technology on Monday issued a set of technical standards for the batteries in electric vehicles and plug-in hybrids, which make up more than half of new car sales in the country China is tightening regulations on...

Finance Secy Ajay Seth likely to be new IRDAI chief
Ajay Sheth, Finance Secretary, Ministry of Finance Though, a final decision on the new IRDAI chairman is yet to be taken by the government, sources in the New Delhi said the search for the new IRDAI boss is now narrowing down just to two names- Ajay Seth and...

SEBI chief urges corporates to raise the bar on governance
Tuhin Kanta Pandey, Chairman, SEBI “As a regulator, SEBI has laid down a comprehensive governance framework on corporate governance. We have taken comprehensive measures to protect the interests of investors and, at the same time, facilitate ease of doing business....

Sebi to review ESG disclosures for listed firms: Chairman
Tuhin Kanta Pandey, chairman, Sebi The review, which follows concerns raised by Indian industry on reporting requirements on environment, labour and other issues that it believes are onerous, could focus on easing disclosures for smaller firms, a source familiar with...
China’s murky bankruptcies expose hazards for foreign investors
Gaps in enforcement of China's insolvency laws can leave creditors vulnerable to opaque dealings and malicious bankruptcy filings by firms seeking to evade payment obligations, or by individuals trying to appropriate company assets DALIAN: When a Chinese pork producer...

PB Fintech arm gets payment aggregator licence from RBI
The paid-up share capital of the proposed company will be Rs 27 crore New Delhi: PB Fintech, the parent entity of Policybazaar, on Tuesday said its subsidiary had secured payment aggregator licence from the RBI. Last year, the company had announced setting up a...