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INSURANCE REGULATORY ACTION
He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...- India Inc seeks legal safeguards as agentic AI raises liability risksWith the growing apprehension surrounding AI safety, Indian businesses are consulting legal experts about the implications of liability lin...
- In 1993, Doris Duke left behind a 2,700-acre New Jersey estate; 30 years later, the property is being transformed into a laboratory for restoring wetlands, forests and wildlifeDuke Farms in New Jersey is a 2,700-acre living laboratory for conservation. The estate is testing nature restoration and clean energy stra...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- Dark patterns under scrutiny: Why digital trust must be designed into consumer journeysIndia’s regulatory direction is becoming clearer: consumer choice should be genuine, consent should be affirmative, and important informati...
- India’s food safety rules are giving restaurants heartburn: It’s the process, not just the productIndia’s food safety regime has shifted from testing adulteration in the final product to policing the processes that prevent it. Restaurant...
- BRICS fin mins, central bank chiefs raise concerns on unilateral trade and finance-related measuresBRICS finance ministers and central bank governors voiced concerns over unilateral trade measures. They backed efforts for cross-border pay...
- NSE's IPO to be second biggest till now as offer size cut, price band loweredIndia's premier stock exchange, NSE, has finally revealed the long-anticipated details of its initial public offering. Existing investors w...
- BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffsBRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased loca...
- ₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...
- India cannot build its digital economy on ‘borrowed trust’: QNu Labs CEO Sunil GuptaIndia must build sovereign digital trust layers for its expanding digital economy. The nation is transitioning to quantum-safe security, mo...
- ₹25 ride: India’s bike taxis are cheap, fast and still fighting for a place on the roadBike taxis offer affordable, on-demand urban transport, bridging the last-mile connectivity gap. These services face regulatory hurdles des...
- Restaurants step up food safety; UpGrad seals Unacademy dealHappy Wednesday! India’s food safety crackdown is forcing restaurants to clean up their kitchens and supply chains. This and more in today’...
- IRDAI pitches public insurance registry to reshape industryIndia's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, i...
- Semicon 2.0 takes shape; Zomato’s Hyderabad layoffsThe government has notified Semicon 2.0 to boost India’s semiconductor ecosystem. This and more in today's ETtech Top 5.
- Gnani AI launches Artha sovereign AI stack with 30-billion-parameter Evon 3.3Gnani AI launched Artha, a sovereign AI stack for Indian companies and public institutions. This stack features the Evon 3.3 language model...
- Carlisle Investors to approach PMO over alleged HDFC Bank mis-sellingInvestors are planning to write to the Prime Minister's Office this week. They allege mis-selling and substantial losses from a Carlisle pr...
- IRDAI bars Niva Bupa from opening new offices for six monthsNiva Bupa Health Insurance received an order from the regulator to halt new places of business. This action stems from failing to meet expe...
- 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...
- India plans insurance reforms to rein in healthcare costs, sources sayIndia is considering sweeping health insurance reforms to standardise treatment rates, coverage and billing, while expanding a nationwide c...
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