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IDRAI asks insurers to keep their offices opened during Mar 29-31 including Saturday & Sunday
The insurers have to give adequate publicity to the special arrangements made for the last 3 days of the month Hyderabad: Insurance regulator IRDAI has asked all the insurers to keep their offices open as per normal working hours on 29th(Saturday), 30th(Sunday) and...
Dismantling DEI- Many businesses in Europe and Asia stand firm on diversity initiatives
US President Donald Trump In jurisdictions from the UK and the EU to Australia and Hong Kong — where inclusion measures have primarily focused on gender rather than race — companies are legally required to meet targets for board diversity, gender pay gaps, pay...
Optimism on financial performance declines; Industrial sector witnesses largest drop since Q3 2023, Dun & Bradstreet Survey
Arun Singh, global chief Economist, Dun & Bradstreet, said, "The Q1 2025 Composite CFO Optimism Index shows a stable yet cautious outlook. While overall financial optimism slightly dropped by 0.8%, shifts across sectors and economic scenarios are evident. Concerns...
GFIA urges Sithraman to reconsider rules imposing additional restrictions on insurers with foreign partners
Finance Minister Nirmala Sitharaman In the letter, GFIA noted that foreign insurers play a pivotal role in India’s insurance market since its liberalisation in 1999, with over two-thirds of Indian life and non-life insurers having foreign partners. However, several...
Parl panel recommends single independent drug controller for AYUSH
It recommended that the reach should cover 50 per cent of Indian states in the coming year and eventually all of the country in the near future to propagate the Ayush System for the prevention and treatment of common ailments New Delhi: A parliamentary committee has...
Digital competition law after due process Union Minister Harsh Malhotra
Speaking at the National Conference on Economics of Competition Law in the national capital, he also said the best practices with respect to digital markets in other jurisdictions like Japan, Australia, and Europe can be looked at and how they can fit into the Indian...
AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief
Ravneet Kaur, chairman, Competition Commission of India "Today's competitive landscape is defined by platform economies, network effects, and algorithm-driven decision-making," the CCI chief said and added that market power today is about data control, network...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track and potentially violent, should continue into this evening," the National Weather Service said At least 33 people were killed and dozens more injured Saturday when tornadoes and violent storms raked...
FPIs withdraw Rs 30,000 crore from equities in first fortnight in March
With these, the total outflow by FPIs has reached Rs 1.42 lakh crore (USD 16.5 billion) in 2025 so far, data with the depositories showed "The recent decline in the dollar index will limit the fund flows to the US. However, the heightened uncertainty triggered by the...
BIS cracks down on e-commerce giants over non-certified products
The standards authority has issued notices to major e-commerce platforms including Amazon, Flipkart, Meesho, Myntra, and BigBasket, directing them to ensure that only BIS-certified products are listed where certification is mandatory New Delhi: The Bureau of Indian...
UK police charge Russian captain involved in U.S. tanker ship crash
The 59-year-old Vladimir Motin was captain of the Portuguese-flagged Solong that hit the Stena Immaculate tanker, carrying military jet fuel, at close to full speed on Monday. Initial concerns of an environmental disaster subsided as assessments showed the jet fuel...
StanChart raises 1 bn euro via first social bond, commits 50% for India
The 8-year bond will primarily facilitate lending to small and medium sized enterprises (SMEs), ensuring access to finance, helping create jobs and empowering and nurturing women-owned SMEs, StanChart said in a statement on Friday New Delhi: UK multinational Standard...
India advancing with labour welfare, quality employment and social justice: Govt
Sumita Dawra, Secretary, Ministry of Labour and Employment and Gilbert F. Houngbo, Director General, International Labour Organisation(ILO) at ILO meet in Geneva The contribution of India’s flagship institutions and schemes such as EPFO (7.37 crore contributing...
Govt setting up ecosystem to resolve consumer complaints at pre-litigation stage: Secretary
The technological transformation of NCH with artificial intelligence (AI) tools has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold from 14,795 calls in January 2015, Consumer Affairs Secretary...
Need to make sustainable lifestyle choices available accessible affordable for all Joshi
Pralhad Joshi ,Union Minister of Food and Consumer Affairs The government is working to move beyond "consumer protection" toward promoting "consumer interest" and "consumer care," Joshi said and mentioned the monitoring mechanisms aimed at controlling volatility in...
RBI assures customers and investors on IndusInd Bank’s financial health
Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, massive price correction in the bank's scrip was witnessed. Mumbai: The Reserve Bank on Saturday asked...
British PM Starmer scraps health body in search of savings and better care
Keir Starmer, Prime Minister, UK "I can't, in all honesty, explain to the British people why they should spend their money on two layers of bureaucracy," Prime Minister Keir Starmer Starmer said in a speech in the northern English city of Hull. He said the change...
RBI Gov urges common pool of climate-focused projects to enhance financing
Sanjay Malhotra, Governor,RBI Speaking at a Reserve Bank Of India (RBI) event in Delhi, Malhotra said one of the major constraints in having sufficient climate-related financing is the lack of projects with a high probability of repayment New Delhi: Indian banks and...