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Centre allows 100% FDI in insurance via auto route"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condit...- India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...
- India allows 100% FDI in insurance sector under automatic routeIndia has opened its insurance sector to 100% foreign ownership. This move aims to boost insurance coverage and attract global investment. ...
- Government invites application for the post of IRDAI chairpersonThe Finance Ministry has begun the search for a new Chairperson for the Insurance Regulatory and Development Authority of India (IRDAI), wi...
- IRDAI orders Care Health to buy back esops given to SalujaIRDAI emphasised that Saluja’s dual role as executive chairperson of Religare Enterprises does not exempt her from regulatory compliance. T...
- IRDAI puts Care Health Insurance on notice over ESOPs to SalujaIndia's insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regardin...
- Sebi orders Religare to apply for open offer before July 12Sebi directs Religare Enterprises to obtain approvals from all regulators by July 12 for Burman family's open offer to buy more shares. The...
- Sebi orders Religare to seek regulatory approvals for Burman family open offerThe capital markets regulator's directive has come as a setback to the New Delhi-based financial services firm's management led by chairper...
- Life insurance: IRDAI retracts on low surrender value proposal; know applicable surrender charges from April 1, 2024The Insurance Regulatory and Development Authority of India (IRDAI) has finalised surrender charges for non-linked or linked life insurance...
- Board versus Burmans: Where is Religare's tussle with its biggest shareholder headed?The board has no shareholder representation. It has six members including Chairperson Rashmi Saluja who has an executive role. All the othe...
- Independent directors of Religare rebel against Dabur promoters Burmans' takeover planReligare's independent directors have alleged that the Burmans are in material breach of regulatory obligations that may harm the firm. Of ...
- Irdai mulling to extend testing period under regulatory sandbox mechanism to 3 yrsAs of now, the applicants under the regulatory sandbox mechanism can apply through cohorts. "Here we now realise that this has to be a cont...
- Insurance biz: MNCs can own 74%, but FIIs, PEs hold the keyAshvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have loc...
- Government invites applications for post of Irdai chairmanApplications are invited from eligible candidates for appointment to the office of chairperson in Irdai, a notification issued by the Depar...
- HDFC completes majority acquisition in Apollo MunichNew Delhi, Jan 9 () Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insura...
- Government invites application for Irdai chairman postThe applicant is required to have at least 30 years of work experience and should have served as secretary to Government or at an equivalen...
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