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Sebi to put in place regulatory framework on ESG disclosure, ratings

Sebi to put in place regulatory framework on ESG disclosure, ratings

by AIP Online Bureau | Mar 29, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Regulation

Also, the regulator has decided to come up with norms for ESG Rating Providers (ERPs) amid the growing importance of their role in making investment decisions. To promote ESG investing, Sebi will introduce certain measures to address the risk of mis-selling and...
Sebi puts in place cybersecurity framework for portfolio managers

Sebi puts in place cybersecurity framework for portfolio managers

by AIP Online Bureau | Mar 29, 2023 | Indian News, Regulation, Risk Management, Technology

Accordingly, all portfolio managers with asset under management of Rs 3,000 crore or more, under discretionary and non-discretionary portfolio management service taken together, as on the last date of the previous calendar month will comply with the provisions of...
NCLAT upholds Rs 1,337.76 cr fine on Google, make some modifications in CCI order

NCLAT upholds Rs 1,337.76 cr fine on Google, make some modifications in CCI order

by AIP Online Bureau | Mar 29, 2023 | Indian News, Technology

On October 20 last year, the Competition Commission of India (CCI) slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. CCI had also ordered the internet major to cease and desist from various unfair...
Musk, experts urge pause on AI systems, citing ‘risks to society’

Musk, experts urge pause on AI systems, citing ‘risks to society’

by AIP Online Bureau | Mar 29, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

Elon Musk The concerns come as EU police force Europol on Monday joined a chorus of ethical and legal concerns over advanced AI like ChatGPT, warning about the potential misuse of the system in phishing attempts, disinformation and cybercrime. Elon Musk and a group of...

Piramal and TPG plan exit from Shriram General

by AIP Online Bureau | Mar 29, 2023 | Indian News, Non-Life

Shriram Capital is the largest shareholder of Shriram General Insurance Holdings, with a 63.88% stake. Piramal owns about 20%, while TPG has a roughly 9.5% holdings. An employee’s trust holds the remainder Mumbai: Billionaire Ajay Piramal and TPG Inc. are considering...
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