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RBI says 15 large NBFCs to comply with enhanced regulatory requirements
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...
Small aircraft skids off runway at Mumbai airport amid heavy rains; 8 people injured
The passengers on the Vizag-Mumbai flight included Dhruv Kotak, Lars Sorensen, K.K. Krishnadas, Aakarsh Shethi, Arul Sali, and Kamakshi Mumbai: A private jet veered off the runway while landing at the Mumbai airport on Thursday amid heavy rains and all the eight...
AI regulations: Key considerations to ensure customer protection without compromising innovation
Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...
LIC presents dividend cheque of Rs 1,831 cr to FM
(L to R) M P Tangirala, additional secretary, Dept of Financial Services, Nirmala Sitharaman, Union Finance Minister, Siddhartha Mohanty, chairman, LIC, M Jagannath,MD, LIC The corporation had a total premium income of Rs 4,74,005 crore and a net profit of Rs...
China sentences former head of its largest life insurer to death with a 2-yr reprieve
Wang Bin, ex-chairman of China Life Insurance Co., was found to have taken bribes worth 325 million yuan ($45 million) and hiding overseas deposits, China Central Television reported Tuesday, citing a court ruling Beijing: China sentenced the former head of the...
Aviva quits Singaore life JV, Sells stake to Sumitomo Life for $997 million
Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada London: Aviva is quitting its Singlife joint venture, selling its...
Global companies to hike security spending as threats rise, survey shows
Allied Chief Executive Steve Jones told Reuters that while much of the fraud, counterfeiting and loss of intellectual property was driven by financial gain, some internal leaking of sensitive information was motivated by social causes LONDON: Almost half of security...
AI introduces tool in rostering system to help mitigate fatigue among pilots
"IndiGo has also partnered with the Thales Group as an 'early adopter' of their Fatigue Analysis Tool (FAT). The airline will conduct a proof-of-concept trial for its technology-driven interface to assess pilot alertness levels over the next few months," said the...
Ayushman Bhava campaign will help achieve universal health coverage: President Murmu
''No person should be left behind and no village should be left behind i.e. 100 per cent people can avail health services. This goal will make our country successful in achieving the objective of Universal health coverage in true sense,'' President Droupadi Murmu said...
SC asks Centre if change in law is warranted on issue of regimes for grant of driving licence
The constitution bench is dealing with a legal question which reads: “Whether a person holding a driving licence in respect of ‘light motor vehicle’ could on the strength of that licence, be entitled to drive a ‘transport vehicle of light motor vehicle class’ having...
Govt will not make six airbags mandatory for cars: Nitin Gadkari
The government last year proposed to implement the six airbags safety norm from October 2023 for enhanced safety of occupants New Delhi: The government will not make six airbags mandatory for cars, Union Road Transport and Highways Minister Nitin Gadkari said on...
Consultative process on proposed amendment in Arbitration and Conciliation Act underway: Centre tells SC
Amid a push for making India a hub for international arbitration, the government has set up an expert panel led by former law secretary T K Vishwanathan to recommend reforms in the Arbitration and Conciliation Act in order to reduce the burden on courts New Delhi: The...
Kerala shuts schools and offices to curb deadly Nipah virus
A Reuters investigation in May identified parts of Kerala as among the places most at risk globally for outbreaks of bat viruses. Extensive deforestation and urbanisation have brought people and wildlife into close contact NEW DELHI: India's southern state of Kerala...
SBI General launches a comprehensive health insurance product
There are four plans under the product which offers wide range of sum insured options ranging from Rs. 3 Lacs to Rs. 2 crores, and the policy tenure can be opted from one to three years. This product is designed to cater to a broad spectrum of customers, including...
China relaxes rules for insurers to invest in stock markets
In addition, the watchdog reduced the risk weighting it assigns to investments in Real Estate Investment Trusts (REITs), which in China channel money mainly into infrastructure projects Beijing: China’s financial regulator on Sunday reduced the risk weighting it...
NIV teams to arrive in Kerala following Nipah confirmation; virus is Bangladesh variant: Health Minister
After two ''unnatural deaths'' were reported from the district last day, Kerala government has sent five samples to the National Institute of Virology (NIV) in Pune for testing the presence of the Nipah virus Thiruvananthapuram: As the state awaits the results of...
US official poverty rate was 11.5% in 2022, Census Bureau says
The income and poverty data released by the Census showed how deeply the country's recent economic outcomes were influenced by the COVID-19 health crisis and the government response to it -- with a measure of child poverty more than doubling following the expiry of...
Apple has a plan for climate-friendlier watches: cut plane travel
The three green-tagged versions of the Apple Watch Series 9, Apple Watch SE and Apple Watch Ultra 2 will have lower emissions than Apple's baseline estimations based on previous products, and Apple will buy carbon offsets for remaining emissions, said Lisa Jackson,...