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INSURANCE REGULATOR APPROVAL
Warren Buffett: If past data told you the future, the Forbes 400 would comprise librarians; beware of geeks bearing formulasEverybody had run to cash and government bonds, and everybody agreed it was the sensible thing to do. Warren Buffett called it the third bu...- Prudential HCL Health Insurance starts operations in IndiaPrudential HCL Health Insurance has officially begun its operations today. The joint venture, backed by Prudential and HCL, enters the larg...
- LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to...
- Prudential gets CCI nod to acquire 75 pc stake in Bharti Life InsuranceIndia's fair trade regulator CCI has approved Prudential Corporation Holdings' stake acquisition. This acquisition involves a significant e...
- View: India needs guardrails around shadow loans, not bansThe RBI’s proposed curbs on flexi loans could reshape how India’s self-employed workers and small businesses borrow. While the move aims to...
- SHANTI Draft Rules and Regulations: Single licence regime and technology from self-reliant countries proposedDraft rules for the SHANTI Act are now public, opening India's nuclear power sector. A single licence will cover building, operating, and d...
- NRI life insurance protection plans can be 50–60% cheaper in India: Should you buy here or in your country of residence?NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident ...
- US regulator approves bank charter for Trump-backed crypto company World Liberty FinancialThe charter, if ultimately approved at a later date, would allow World Liberty, through the newly created trust bank, to manage and hold as...
- RBI moves to distance self from bank deposit ratingsThe Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This re...
- Blackstone's AGS Health files updated draft papers for $500 million India IPOIn a significant move, AGS Health, operating under Blackstone, has filed revised draft documents for its upcoming IPO in India, which is pr...
- RBI rejects Religare's proposal for demergerReligare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding t...
- India has 86,360 PG medical seats; no proposal to convert all diploma seats to DNB: GovtIndia now has over 86,000 postgraduate medical seats available nationwide. Karnataka leads the country with the highest number of these med...
- The anatomy of corporate controlIn a major change to India’s corporate governance, the regulatory framework is set to redefine "control" with reference to the business and...
- Institutional investors over-subscribe LIC OFS, govt opts for green-shoe optionThe government's Life Insurance Corporation share sale has garnered overwhelming attention from institutional investors, with bids amountin...
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
- IRDAI tightens ownership norms, eases capital infusionIRDAI has tightened oversight on insurer ownership changes and eased capital raising. Investors now need prior approval for shareholding ch...
- US regulator advances rules for steering wheel-free autonomous carsFederal regulators are allowing robotaxis to operate without steering wheels and potentially brake pedals. Amazon's Zoox vehicles received ...
- ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...
- CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stakeThe Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit...
- LIC appoints Shatmanyu Shrivastava as new CFO, replacing Sunil AgrawalShatmanyu Shrivastava has been appointed as the new Chief Financial Officer of LIC. He replaces Sunil Agrawal, who resigned from the financ...
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