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IRDAI allows distribution of all micro-insurance products via PoS

by AIP Online Bureau | Sep 30, 2018 | Indian News, Intermediaries, Regulation

  NEW DELHI:  Insurance regulator IRDAI has allowed distribution of all micro-insurance products through point-of-sales (PoS), with an aim further increase insurance penetration in the country.   The Insurance Regulatory and Development Authority of...

WhatsApp Message Destroys 71% of Indian E-Commerce Firm’s Value

by AIP Online Bureau | Sep 30, 2018 | Indian News, Risk Management

  Mumbai; India’s Infibeam Avenues Ltd. lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the online iPhone and iPad retailer’s accounting practices.Speculation mounted before...

 FPI outflow at 4-month high of Rs 210 bn in Sept on widening CAD, trade war

by AIP Online Bureau | Sep 30, 2018 | Indian News

  Mumbai: Overseas investors pulled out a massive Rs 210 billion ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions.    The latest withdrawal...

Govt plans to bring in stricter disclosure norms for independent directors

by AIP Online Bureau | Sep 30, 2018 | Indian News, Risk Management

  New Delhi: The government plans to put in place a stricter disclosure framework for independent directors, including providing details about their resignation from companies, as part of continuing efforts to bolster corporate governance standards.   ...

LIC, Orix, SBI to subscribe to Rs 45 billion IL&FS rights issue

by AIP Online Bureau | Sep 29, 2018 | Indian News

Mumbai: In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 45 billion rights issue of the company. The announcement came...
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