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Govt officials hold road shows in London and Singapore for GIC Re disinvestment
The government is also actively planning to disinvest in Life Insurance Corporation (LIC) shortly New Delhi/Mumbai: The Indian government held road shows in London and Singapore to assess investor interest for a minority stake sale in state-run GIC Re. Top officials...
Japan’s MUFG in final talks to acquire 20% stake in Shriram Finance for over $3.2 billion, report says
Facing a shrinking domestic market and years of rock-bottom interest rates, Japan's biggest banks have for years sought out overseas targets. TOKYO:Japan's Mitsubishi UFJ Financial Group is in final talks to acquire a 20% stake in Indian non-bank financial institution...
New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India(SHANTI) Bill, 2025, drops a rule that let operators sue suppliers for equipment defects, a provision foreign suppliers have long opposed. Foreign suppliers include...
Surge in gold, silver prices due to geopolitical tensions, says FinMin
Minister of State for Finance Pankaj Chaudhary Gold and silver serve a dual role not only as a consumption item but also as an investment avenue, as they are considered safe assets for hedging against uncertainties.Thus, an increase in the price of gold or silver...
SC mulls pan-India guidelines to prevent road accidents on expressways, NHs
A bench of Justices J K Maheswari and Vijay Bishnoi flagged the construction of illegal "dhabas" on both sides of national highways and expressways as a possible cause of road accidents and asked Solicitor General Tushar Mehta, who appeared in the matter for the...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Govt sets up a merger cell for due diligence of merger among 3 PSU general insurers
Any possibility of three companies- NIC, OIC and UII - getting merged with New India Assurance(NIA), the country's largest general insurance company, is ruled out as latter has opposed it tooth and nail New Delhi: Beginning its home work on the issue of merger of...
IndusInd General announces strategic partnership with Citroën
IndusInd General Insurance (formerly known as Reliance General Insurance) announced a strategic partnership with Citroën for providing comprehensive coverage to Citroën customers. Apart from cashless claim settlements and minimal paperwork, Citroën customers can...
ICICI Lombard General Insurance ties up with Vastu Housing Finance
ICICI Lombard General Insurance and Vastu Housing Finance, one of India’s tech-enabled Housing Finance companies, have entered into a partnership. It aims to provide Vastu’s customers across 17 Indian states and 340 districts with a suite of comprehensive and...
FPIs withdraw Rs 17,955 cr from Indian equities in Dec; total outflow at Rs 1.6 lakh cr in 2025
Over the last 12 months, the Indian primary markets have seen FII net inflows to the tune of Rs 823 billion ($9.5 billion) while secondary markets have seen FII net outflows of Rs 2,144 billion ($24.5 billion), according to a note by JM Financial. New Delhi:Foreign...
Parl Panel for diversification of crude sources to cut geopolitical risks
n its report tabled in Parliament last week, the Public Undertaking Committee noted that India imports nearly 89 per cent of its crude oil requirements, making the country vulnerable to global disruptions arising from conflicts, sanctions, civil unrest in...
Rising GPS interference incidents a concern: Global airlines grouping IATA
Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS) spoofing and jamming refers to attempts to manipulate a user's navigation system by giving false signals. GENEVA/ NEW DELHI: Increasing incidents of flights experiencing GPS spoofing and...
Apollo Global Management sees potential risks in US insurers moving to Cayman Islands
Executives, regulators and experts have voiced concerns in recent months about the emerging risks among US life insurers as private equity expands its influence on the sector. In an October study, economists from the Bank for International Settlements attributed part...
Reddit sues Australia over social media ban, citing free speech threat
The San Francisco-based firm, which ranks Australia among its biggest markets, said in a High Court filing that the ban should be declared invalid because it interfered with free political communication implied by the country’s constitution. Message board website...
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams
Fraudsters, the Department warned, are increasingly using fake sender IDs, misleading links and look-alike websites to trick individuals into revealing sensitive details such as PAN numbers, passwords and one-time passwords (OTPs).The Department has reiterated that...
CBDCs more superior to Stablecoins as they satisfy all attributes of money: RBI DG T Rabi Sankar
"Stablecoins can undermine trust in the currency and finance system. India already benefits from a payments landscape that is highly efficient, reliable, and robust. Systems such as UPI, RTGS, and NEFT provide fast, low-cost, and secure payment capabilities to...
Cabinet nod for Bill seeking to open up civil nuclear sector for private participation
To facilitate the implementation of the Nuclear Energy Mission, amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act will be taken up by the parliament for shielding plant operators and cap equipment suppliers' liability, along with...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like Composite License, Open Architecture and allowing Differential Capital Among new provisions, the bill proposes to constitute a Policyholders’ Education and Protection Fund, One-time registration of insurance...