Shalini Pandit, joint secretary,Department of Financial Services...
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Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India...
Berkley Insurance Asia launches operations in India’s GIFT City
“India has long been an important market for Berkley Insurance Asia...
Pakistan & Sweden report cases of more infectious form of mpox first identified in Congo
WHO said there have been more than 14,000 cases and 524 deaths in more than a dozen countries across Africa this year, which already exceed last year's figures Pakistan has detected three patients with the mpox virus, the health department in Khyber Pakhtunkhwa...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Wall street firms to pay $470 million to settle with US regulators over texting
The penalties mark the latest wave of a sweeping multi-year enforcement initiative targeting Wall Street’s use of so-called “off channel” work communications such as text and WhatsApp messages in breach of rules which require firms to retain certain work-related...
Investment Advisers, Research Analysts should disclose AI tool usage to clients: Sebi
"With technological innovations and advancements, many AI tools are currently available in chatbot form such as OpenAI's ChatGPT, Google's Gemini, etc. These AI tools, however, may not adequately safeguard sensitive data shared during conversations, potentially...
DICGC made interim payments of Rs 5,359 crore to 3.77 lakh depositors as of March 31: RBI Dy Governor
Michael Debabrata Patra,Deputy Governor,RBI Currently, the deposit insurance coverage limit (Rs 5,00,000 or approximately USD 6,000), fully protects 97.8 per cent of deposit accounts and 43.1 per cent of deposit value in India. Jaipur: India’s Deposit Insurance and...
Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy’s PIL
On Monday, the high court bench led by Acting Chief Justice Manmohan and Justice Tushar Rao Gedela declined to admit the PIL In February, Swamy filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue...
SC concerned over non-implementation of central law on health care professions
The NCAHP Act provides for "regulation and maintenance of standards of education and services by allied and health care professionals, assessment of institutions, maintenance of a Central Register and State Register" of allied health care professions in the country...
NCLT orders RBI, DIPP to expedite RCap resolution plan
The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an 'extension to complete the obligations' for implementing the resolution plan Mumbai: The National Company Law Tribunal on Monday directed the Reserve Bank and...
Sovereign Green Bonds trading at IFSC to commence in 2nd half of this fiscal: RBI Governor
Shaktikanta Das, Governor,Reserve Bank of India Reserve Bank Governor Shaktikanta Das further said, one major announcement in this year's budget about developing a climate taxonomy "I think that will have a significant long-term impact on mobilisation of funds for the...
Hinduja led IIHL deposits Rs 2,750 crore in escrow account, provides term sheet for funding Rs9,750 cr RCap deal
IIHL, after transferring the funds ,has asked the CoC and administrator to implement the approved resolution plan for Reliance Capital Mumbai: Complying with the National Company Law Tribunal (NCLT), Hinduja owned IndusInd International Holdings Limited (IIHL), the...