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Class Action Suits: 2 separate cases to provide level a playing field for India’s minority investors

Class Action Suits: 2 separate cases to provide level a playing field for India’s minority investors

by AIP Online Bureau | May 16, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Following the insertion in 2016 of a class-action provision in the Companies Act, a number of them could, in theory, come together and seek compensation from the company, its directors, auditors and even external consultants for acting in bad faith By Andy Mukherjee...
SEBI open to oversight of crypto trade, in contrast to Reserve Bank

SEBI open to oversight of crypto trade, in contrast to Reserve Bank

by AIP Online Bureau | May 16, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Wealth Management/ Philanthropy

Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel’s discussions Mumbai:...
Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions

Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions

by AIP Online Bureau | May 16, 2024 | International News, Non-Life, Reinsurance

Moses Ojeisekhoba, CEO Global Clients and Solutions, to pursue opportunities outside Swiss Re iptiQ is a digital insurance company and division of Swiss Re. The business offers consumer products for life, health, home and car insurance on a white-labelling platform...

General insurers issue around 700 surety bonds for Rs 3000 crore in recent months

by AIP Online Bureau | May 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

So far, NHAI has received 164 Insurance surety bonds consisting of 20 bonds for performance security and 144 bonds for bid securities for implementing its projects New Delhi: After initial hitches, some of the domestic general insurers including New India Assurance,...

Hinduja group seeks time beyond May 27 to pay Rs 9661 crore for acquiring Reliance Capital Limited

by AIP Online Bureau | May 15, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

According informed sources, CoC in today’s meeting has taken a tough stand and informed Hinduja Group to make the payment by 27th May or action in accordance with the RFRP will be taken whereby CoC can. encash  performance bank guarantee of almost  Rs. 500...
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