The lawsuit comes after an Australian Securities and Investments...
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Govt appoints IDBI Capital, and Motilal Oswal for LIC’s OFS
The OFS , which could be between 2.5% and 3% of government's equity...
RBI panel recommends AI framework for finance sector
"The report envisions a financial ecosystem where encouraging...
SEC ramps up hack probe with focus on tech, telecom companies
The probe — aimed partly at determining what the companies may have known but didn’t disclose — follows a landmark lawsuit the SEC filed in October against SolarWinds Corp., claiming it failed to maintain adequate controls and defrauded investors by downplaying...
Advertising body ties up with CCPA to check misleading ads
The CCPA has requested ASCI to forward any advertisement that is non-compliant with the ASCI Code and could potentially violate the Consumer Protection Act, 2019, along with its accompanying guidelines, to the CCPA for appropriate action, a statement said New Delhi:...
Policy Revolution: Empowering insurers with flexibility in Corporate Policies
Ashwani Dhanawat,Chief Investment Officer, Shriram General Insurance Historically, insurers were bound by rigid formatting requirements for policy wordings, limiting their ability to tailor insurance products to the unique needs and risk profiles of their clients.. By...
Sanctions are finally starting to bite Moscow’s oil supply chain
Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. The Russian oil-export machine funding the Kremlin’s war in Ukraine...
Apple, Google, Meta targeted in EU’s first Digital Markets Act probes
The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for people to move between competing online services like social media platforms, internet browsers and app stores. That should in turn open up space for...
China vows to treat foreign firms equally amid industrial upgrade push
China will continue to open up high-level areas of industry and finance and create more market opportunities, and will firmly safeguard a multilateral trading system with the WTO at its core, Vice Commerce Minister Guo Tingting said . Beijing: China pledged on Monday...
After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1
Now, the insurers can change terms, conditions, clauses, warranties, policy and endorsement wordings applicable to certain classes of business such as Fire, Engineering, Motor, Workmen’s Compensation and other classes of insurances which were not allowed earlier....
Google, Apple breakups on the agenda as global regulators target tech
That in turn could inspire watchdogs around the world to pile on, as evidenced in the growing number of antitrust probes in various countries following the opening of EU and U.S. cases. Since AT&T was broken up exactly 40 years ago, no company has faced the...
China blocks use of Intel and AMD chips in government computers, FT reports
The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favour of domestic options, the report said. According to the FT report, Chinese officials have begun following the guidelines, which were...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...