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India to roll out common customer ID for banks, insurers; mutual funds to follow, sources sayStarting in August, a collaborative customer identification initiative will be rolled out by Indian banks and insurers, featuring a system ...- 1,500 ships trapped in Gulf of Hormuz are quietly multiplying an underwater army that could unleash World's biggest bioinvasion eventGulf of Hormuz underwater army: Nearly fifteen hundred ships stuck in the Persian Gulf after fighting closed the Strait of Hormuz. These id...
- HSBC sells Singapore insurance unit to Allianz in $2.1 billion dealHSBC will sell its Singapore life and health insurance business to Allianz. This deal is valued at S$2.7 billion and is expected to close i...
- Regulator warns insurers against deep discounts on fire risk coverThe insurance regulator has flagged aggressive underpricing in fire insurance, with discounts of up to 99% on large industrial risks, warni...
- NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
- Axis Bank weighs raising stake in its insurance venture to 30%In June 2026, Axis Bank announced a further investment of up to ?381 crore in Axis Max Life Insurance, taking the combined shareholding of ...
- TRAI asks Truecaller to show DND choice, not 'frequently blocked' tagTRAI objects to Truecaller's 'frequently blocked' badge on regulated numbers. The regulator prefers users utilize the DND app for managing ...
- UAE visit visa for relatives and friends: Salary rules, fees, documents and stay period explainedGDRFA Dubai has detailed UAE visit visa rules for sponsoring relatives and friends. Residents sponsoring first-degree relatives need Dh4,00...
- JPMorgan says 100+ MNCs are exploring GIFT City operationsGIFT City is drawing strong interest from multinational companies, with JPMorgan saying more than 100 firms are exploring banking and payme...
- Private insurers seek tweaks in unlisted investment planPrivate insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholder...
- Maharashtra Motor Vehicle Aggregator Rules 2026 notified: From surge pricing to private carpooling to Rs 1 crore penalty, what changes for Ola, Uber, Rapido usersMaharashtra has notified new rules for app-based transport services, bringing aggregators under a uniform framework. These regulations mand...
- RBI's financial inclusion index rises 4.48 pc in FY26The Reserve Bank's Financial Inclusion Index increased by 4.48 percent. This index measures financial inclusion across India's banking and ...
- SBI appoints Sunil Agrawal as chief financial officerState Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Office...
- IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 crFairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 cro...
- RBI proposes easing rules for mutual funds, insurers to acquire higher stake in banksThe RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeate...
- Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email showsThe regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information s...
- Elevation’s new India fund; InsuranceDekho charts D-Street pathHappy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech ...
- Japan's Sompo eyes big India play after insurance reformsIn the wake of an increase in the FDI limit, Japan's Sompo Holdings is keen on expanding its operations in India, viewing it as a crucial m...
- Irdai digs into life insurers' costs beyond commissionsIrdai now seeks operating expense data, excluding commissions, from life insurers. This move aims to revamp the industry's distribution fra...
- Irdai asks state-run insurers to account for wage costs annuallyIrdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financia...
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