China’s National Computer Virus Emergency Response Center said this...
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Indian consumers warming up to data-driven mobility solutions Report
Indian customers are also optimistic about tech, with 82 per cent...
PB Fintech arm gets payment aggregator licence from RBI
The paid-up share capital of the proposed company will be Rs 27...
Overseas travel insurance increases 76% post-pandemic: ICICI Lombard
Sanjeev Mantri, executive director, ICICI Lombard said, “Customers are increasingly cautious and seek adequate medical cover, including COVID-19 cover for overseas trips. The bulk of travel purchases always took place digitally, with the numbers now only increasing....
IRDA caps total expenses(EoM) for non-life insurers at 30%, asks them to prepare board approved annual business and capital raising plans
Every insurer has to formulate a business plan in advance on an annual basis, which has to be approved by the respective board. The plan should, at the minimum, clearly state the the projected requirements of capital during the said financial year, projection of...
Passenger vehicle sales on upward terrain driving on better chip supply track
''With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends riding on the green shoots of pent-up demand and customer desire towards personal mobility,'' HMIL Director (Sales, Marketing & Service) Tarun Garg said...
IRDA approves 30% expense of management(EoM) limit for general insurers, allows Corporate Agent to have 9 tie-ups
Debasish Panda,chairman,IRDAI Corporate agents are allowed to place commercial lines and general insurance covers without any limit on the sum insured The Insurance Marketing Firms (IMF) will be allowed to engage Insurance Sales Persons (ISP) for the purpose of...
EPFO launches face authentication for pensioners to submit digital life certificates
Union Minister of Labour and Employment Bhupender Yadav who also chairs EPFO's apex decision-making body the Central Board of Trustees launched the face authentication technology for pensioners and stated a labour ministry statement New Delhi: EPFO launches face...
Global re/insurance industry’s Blockchain platform B3i files for insolvency
“The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage,” said an announcement on the company’s website B3i is supported by over 21 of the largest...
Governments increase user data demands, warns Twitter
The US makes up the majority of demands for account information, accounting for 20% of the requests. India follows closely behind. Twitter says it complied fully with roughly 40% of all asks for information on user accounts Washington: Twitter warned Thursday that...
Indian neobanking market expected to witness over 3-fold jump to reach $11.65 billion
With the Indian growth story counting heavily on its young population and more than 50 per cent of the population below the age of 28, the report assesses future consumer trends will be dictated by the first generation of truly digital natives in the banking sector...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
Germany earmarks up to $14 bln to make buildings more energy-efficient
Over the next few years, some 12-13 billion euros per year will be allocated to subsidise renovations to old buildings and installing more energy-efficient windows, doors and heaters, the ministry said. Around one billion euros will be allocated for new construction....