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Sebi should hear If cos have views on Chairperson, MD posts separation: FM
Finance Minister Nirmala Sitharaman The Securities and Exchange Board of India (Sebi) has asked listed entities to split the roles of chairperson and managing director before the April 2022 deadline New Delhi: As Sebi plans to implement norms for separation of posts...
India’s digital currency to debut by early 2023
''In the case of a digital rupee instead of holding a note you will be holding a digital currency in your phone and it would be with the central bank and from there it would be transferred to any merchant. It is fully backed by the sovereign,'' the source said The...
Gold ETFs attract Rs 4,814-cr in 2021 on firming inflation, higher mkt valuations
Quantum Mutual Fund MD and CEO Jimmy Patel said the category may see continued interest in 2022 amid sticky inflation and the Federal Reserve attempting to catch up to it, possibly disrupting growth and markets Mumbai: Gold exchange traded funds (ETFs) remained in...
Earthquake of magnitude 5.7 hits J-K
The tremors caused panic among people who rushed out of their homes. It also damaged the spire of the revered shrine of Sheikh Noor-ud-Din Noorani, popularly known as “Nund Rishi” at Chrar-e-Sharief in Central Kashmir’s Budgam district, the officials said Srinagar: A...
Reliance Jio faces over 8-hr outage in Mumbai
Users complained of getting a message saying they are not registered on the network while attempting a call while those calling Jio subscribers could not get through Mumbai: Users of the Mukesh Ambani-led telco started facing issues at around noon and the company...
Discussion with Irdai underway for approval to Raheja QBE deal: Paytm
Paytm group Chief Financial Officer and President Madhur Deora in response to a question on the status of Raheja QBE transaction said there is no official or unofficial rejection of the company's application to acquire the insurance firm, according to a source who...
Delhi HC adjourns hearing on “BBB selecting UII CMD” to March 21
The case, which was initiated in the court of Justice Justice V Kameswar Rao is now being heard by Justice Yogesh Khanna, has been been adjourned to March 21 New Delhi: The Delhi High Court on Feb 03 has adjourned the ongoing hearing of a plea by Inderjeet Singh,...
KPMG faces £1.3b lawsuit over UK contractor’s collapse
The UK’s Official Receiver, acting on behalf of Carillion’s creditors, accused KPMG of failing to spot misstatements on the group’s accounts and provided misleading financial statements, according to court documents filed on Jan. 17 and made public Thursday KPMG LLP...
As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
In a study published on Friday, the Treasury found that there is some evidence of money laundering risk in the high-value art market, but limited evidence of terrorist financing risk, the Treasury said in a statement The U.S. Treasury Department on Friday issued a set...
LIC offers opportunity for policyholders to revive lapsed policies
For conventional and health policies with a total receivable premium of up to Rs one lakh, the insurer is offering a 20 per cent concession in late fee, with a maximum limit of Rs 2,000. Similarly, for a premium amount of above Rs 3 lakh, concession offered is 30 per...
Global Nat Cat insured losses at $116 billion in 2021, more than 60% higher than average: Gallagher Re
By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...
Britain’s pandemic modellers say future large waves of COVID possible
The Scientific Pandemic Influenza Group on Modelling, Operational sub-group (SPI-M-O) said the emergence of new viral variants was the biggest unknown factor in the medium-to-long term, along with waning population immunity and changes in mixing patterns LONDON: There...
Global Covid caseload tops 390.5 mn, deaths surge to more than 5.72 mn
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 76,344,963 and 901,288, according to the CSSE The second worst hit country in terms of cases is India (41,952,712 infections and 500,055 deaths), followed by Brazil...
News Corp says it was hacked; believed to be linked to China
News organizations are prime targets for the world's intelligence agencies because their reporters are in constant contact with sources of sensitive information. Journalists and newsrooms from Mexico and El Salvador to Qatar, where Al-Jazeera is based, have been...
Social media be made more accountable: IT Minister Ashwini Vaishnaw
Information Technology Minister Ashwini Vaishnav ''We have to bring about a balance and consensus to make social media accountable to ensure the safety and security of our women and our future generations. For this social media rules have to be strengthened'' New...
UK competition watchdog fines Facebook’s parent company Meta for second time
"Meta failed to alert us in advance to important changes in their staff, despite knowing they were legally required to do so. This is not the first time this has happened," CMA Senior Director of Mergers Joel Bamford, said in a statement London: The UK Competition and...
SC asks states to pay Covid death compensation to families in 10 days
The top court reiterated that applications seeking compensation should not be rejected on technical grounds and if any technical glitch is found, the states concerned should give them opportunity to cure defects as the ultimate goal of the welfare state is to provide...
SBI Gen join hands with CanKids to support cancer affected children with medical facilities.
On World Cancer Day, SBI General, announced that it has joined hands with CanKids, the National Society for Change for Childhood Cancer in India, an NGO working across the entire spectrum of childhood cancer care. This partnership will help the children suffering from...