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Rashmi Saluja ceases to be director of Religare as shareholders refuse her re-appointment
Rashmi Saluja Following the clarification from the RBI received on Thursday, Rashmi Saluja, executive chairperson, ceases to be the director of the company, Religare Enterprises, the holding company Care Health Insurance, said in a regulatory filing New Delhi:...
Centre warns telcos of fine up to Rs 10 lakh over failure to curb spam
“To make the complaint process simpler and more effective, it has been mandated that if a complaint made by a customer contains bare minimum essential data such as number of the complainant, number of Sender from which the Spam/UCC has been received, date on which...
Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers and traders that the oil they sell should comply with parameters of the U.S. sanctions. "We don't want to take risk. We are not going to touch any cargo that involves sanctioned entity or ships in the...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as Meta Platforms's WhatsApp have denied the regulator access to its social media group chats as the current information technology law does not identify the capital markets watchdog as an 'authorised...
GIC Re makes a $25 million claim provisioning for LA wildfires, expands global biz 15% in Jan1 renewals
`We have a small exposure for LA wildfires. It's not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We've still not received too many intimations from our...
Taiwan to deploy investment from insurance funds to help finance island’s green energy
Taiwan is phasing out coal-fired power stations and shifting to liquefied natural gas, as well as investing in solar and wind projects Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as...
EU to review corporate liability under Europe’s toughest ESG Law
Plans to cut reporting requirements — especially for small and medium-sized companies — have been well-flagged, but officials are now also looking at ways to ease rules that require firms to clean up their value chains under the Corporate Sustainability Due Diligence...
China asks insurers to hold sufficient capital and liquidity
Companies should establish a concentration risk information disclosure mechanism and disclose annual concentration risk management information on their websites before June 15 each year, the regulator said China’s National Financial Regulatory Administration on...
UK orders Apple to build a backdoor to give it access to global user data
The mandate orders Apple to provide access under the UK’s Investigatory Powers Act, a law that granted officials the authority to compel companies to remove encryption under what’s known as a “technical capability notice.” The law also makes it illegal for companies...
World may have already missed its chance to limit global warming to 1.5C:Study
In 2024, global temperatures reached 1.5C for the entire year, the first time it’s happened in recorded history. It was a stark departure from previous projections: The Intergovernmental Panel on Climate Change report published just a year earlier suggested that...
AI dangerous tool, be it in Chinese or American hands: Delhi HC on plea to ban DeepSeek
The court’s observation came while it was hearing a petition seeking a direction to the Centre to block access to DeepSeek, an AI chatbot developed by Chinese entities, in all forms in India New Delhi: The Delhi High Court observed on Wednesday that artificial...
Clear case of discrimination: Gujarat HC on CRPF denying promotion to HIV positive staffer
"This case highlights clear instances of discrimination in the Central Reserve Police Force for the incumbents who are suffering from the disease known as HIV-AIDS," the HC said in its order Ahmedabad: The Central Reserve Police Force (CRPF) denying a female staffer...
Govt is building a sanctions-proof supply chain for Russian oil, says Petroleum Secy
“Imports need ships which are not sanctioned, insurance which takes time to reconfigure, and imports will need payments to go through. So each one of these has problems that need to be solved. People are working on solving these problems,” Oil Secretary Pankaj Jain...
India sixth-most severely-affected country by extreme weather from 1993 to 2022: Report
India experienced more than 400 extreme weather events in the three decades, causing losses of nearly "USD 180 billion and at least 80,000 fatalities", the report said. New Delhi: India ranked as the sixth-most severely-affected country by extreme weather events in...
Equity investors’ wealth erode by Rs 18 lakh cr in 6 days of market fall
During the day, the benchmark tanked 905.21 points or 1.18 per cent to sink below the 76,000-level and hit a low of 75,388.39. Since February 4, the BSE bellwether gauge has slumped 2,412.73 points or 3.07 per cent New Delhi: Investors suffered an erosion of Rs 18...
Mutual fund SIP inflows cross Rs 26,000 crore mark for 2nd month in a row
Equity mutual fund inflows declined by nearly 4 per cent monthly to Rs 39,687 crore in January, compared to Rs 41,155 crore in December Mumbai: Despite market volatility, monthly systematic investment plan (SIP) contributions stayed above the Rs 26,000 crore mark for...
1.10 lakh hospital admissions worth over Rs 200 crore authorised for sr citizens: RS told
On October 29, 2024, the Centre expanded Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide free treatment benefits of up to Rs 5 lakh per year to 6 crore senior citizens belonging to 4.5 crore families, irrespective of their socio-economic status...
Over 34 crore patients provided consultation through eSanjeevani platform
Union Health Minister J P Nadda The eSanjeevani platform has been instrumental in reducing the burden on physical healthcare facilities, Nadda said responding to a question New Delhi: Since its launch in 2019, more than 34 crore patients have been provided...