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LIC to see a major make over of its top management within a month
Out of five existing managing directors, three including MD and CEO Siddarth Mohanty will be retiring by the first week of June It is expected that the FSIB will conduct interview for selecting a new MD & CEO in place of Mohanty in June after two new MDs,Dinesh...
CII releases guidebook on effective adoption governance of AI for board leaders
It encompasses basic concepts related to AI, its use in various business functions, criticality of AI governance and its framework, risks and challenges and its governance and liabilities of directors associated with deployment of AI in businesses. New Delhi: Industry...
Sebi mandates cooling-off period for directors at market infrastructure institutions
In two separate notifications dated April 30, Sebi said that a non-independent director serving on the board of a market infrastructure institution will be eligible for direct appointment to the board of a competing institution after meeting two conditions -- a...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to EEA personal data under Chinese anti-terrorism, counter-espionage and other laws identified by TikTok as materially diverging from EU standards,” said Graham Doyle, a deputy commissioner at the DPC...
Flights again halted to Israel after Houthi missile lands near airport
Following a ceasefire deal with Palestinian militant group Hamas in January, foreign carriers had begun to resume flights to Israel after halting them for much of the last year and a half since the Oct. 7, 2023 Hamas attack. European and U.S. carriers canceled flights...
Trading in Bitcoin in India is refined way of doing Hawala business: SC
The bench said that two years back while dealing with a case related to Bitcoin trade it had asked the Centre to apprise the court about the policy regime on the trade of virtual currency but till now it has not received any response. Senior advocate Mukul Rohatgi,...
Govt mandates legal interception of satcom services bars data routing outside country
The move assumes significance as the government is, for the first time, gearing up to open satellite communication service for the general public and needs to put measures in place to avoid any misuse of the services by criminal elements, especially terrorists. New...
India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI
In value terms (USD), the share of gold in the total foreign exchange reserves increased from 9.32 per cent at end-September 2024 to about 11.70 per cent at end-March 2025, according to the RBI’s ‘Half Yearly Report on Management of Foreign Exchange Reserves’. New...
Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset Management On the issue of further stake dilution in LIC, Chawla said the government aims to meet the minimum public shareholding requirement by the financial year ending March 2027, in line with the...
Blackout Risks: Guarding grid stability for uninterrupted energy access
As Europe has learned, preventing grid collapse is a constant endeavor, not a battle that you only fight once. India's government has prioritized energy access, vastly expanding availability to households and building more generation capacity. It is now time for it to...
Life insurance: 78% of urban Indians own one or more products, Axis Max Life Insurance survey
Prashant Tripathy, CEO and managing director, Axis Max Life Insurance said, “This year’s record Protection Quotient, alongside all-time high life insurance ownership, reflects a decisive shift in consumer priorities — from cost sensitivity to genuine protection needs....
Star Health ropes in former commerce secy Rajeev Kher as chairman
``I look forward to working closely with the Board and management to strengthen governance, drive long-term value, and steer the company through the evolving landscape of healthcare and insurance. Our focus will remain firmly on inclusive growth, ethical leadership,...
Automobile sales up almost 3 % in April, CV sales fall, says Fada
FADA President C. S. Vigneshwar attributed April sales to pull back in market and pause in tariff by US. “With the tariff war paused, stock markets staged a sharp pullback–alleviating investor concerns–and customers thus leveraged Chaitra Navratri, Akshay Tritiya,...
US insurers pulling ahead in AI investment, strategy execution
One thing is certain, AI is not just a technical investment, it’s a strategic business priority for insurers. It demands leadership, cultural alignment, and organisational agility - areas where the US seems to be leading the way right now LONDON: New research from...
Indian startups raise $102.93 million in funding over the week
Healthtech startups took the top spot with four deals, followed closely by e-commerce and foodtech companies, with each securing three deals. Mumbai: Indian startups raised approximately $102.93 million across 25 deals, with strong contributions from early-stage and...
Warren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
Berkshire's insurance division has grown to include Geico, General Reinsurance and several other insurers. The float totaled $173 billion at the end of the first quarter Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of...
Agri minister Chouhan unveils first genome-edited rice varieties, yield to rise up to 30 pc
Shivraj Singh Chouhan,Union Agriculture Minister These genome-edited rice varieties represent a major advancement in India’s agricultural biotechnology, offering practical solutions to the dual challenges of climate change and food security. They also demonstrate the...
Parl panel seeks info on digital markets competition from CCI and MCA
Among other topics, the sources said the committee has asked about whether the ongoing India-US bilateral trade negotiations has any bearing on the progress of the digital competition bill New Delhi: A Parliamentary panel has sought detailed information from regulator...