Chaotic handovers have the potential to freeze assets in legal...
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Trai, DoT concur on the view to display original name of caller by default
The exercise to start CNAM service across the globe started to...
Govt plans to hike foreign investment cap in state-run banks to 49%, source says
Foreign interest in India's banking industry is on the rise as...
US food regulator gathering information on Indian spices after alleged contamination
MDH and Everest spices are among the most popular in India and are also sold in Europe, Asia and North America. India's food regulator, the Food Safety and Standards Authority of India (FSSAI), is now checking the quality standards of the two companies, following the...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for transitioning towards Risk-Based Supervision, Risk Based Capital frameworks and convergence to International Financial Reporting Standards (Ind-AS) took center stage of the latest Bima Manthan, with...
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns
The National Highway Traffic Safety Administration closed its nearly three-year defect investigation into Autopilot, saying it found evidence that "Tesla's weak driver engagement system was not appropriate for Autopilot's permissive operating capabilities" that result...
Bima Vistaar: IRDAI unveils premium for its mass combo cover at Rs 1500, for a family at Rs 2420
Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined features of Life, Health, Personal accident and Property. For Life cover a premium of Rs 820 has to be paid while Health, Personal accident, Property have been priced at Rs 500, Rs 100 and Rs 80...
RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have lost funds of nearly $1.26 billion in financial institutions to cyber fraud since 2021, with one of the sources saying about 4,000 fraudulent accounts are opened every day Tens of thousands of Indians...
Sanofi to pay over $100 million to settle about 4,000 Zantac cancer lawsuits
But the relatively modest settlement should please Sanofi investors, who’ve worried in the past about the financial fallout of thousands of US lawsuits targeting Zantac makers such as Sanofi and GSK Plc, which originally developed the product Zantac was recalled in...
Extreme weather may pose risk to inflation, says RBI Bulletin
Supply shocks play a significant role in shaping inflation dynamics, with first and second-round effects exerting distinct but interconnected influences on prices and economic activity. The first-round effects typically manifest as immediate changes in the prices of...
India’s Spice Board tells Everest, MDH to give details of quality checks
Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore has also ordered a recall of the Everest spice mix and advised against its consumption New Delhi: India's spice exports regulator has asked MDH and...
Bima Manthan: Panda to address 2-day summit of industry CEOs on Thursday in Hyderabad
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare industry's...
Indian insurance ecosystem shows limited appetite for pure risk policy: JM Financial
In the last three years, while individual savings and investments in fixed deposits or equities markets vary with market conditions, the investment in insurance products remained constant at 18 per cent of individual financing funds. Insurance has consistently...