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INSURER SHARE TRANSFER REGULATIONS
Maharashtra charity body may examine Tata Trust share transfer validityMaharashtra Charity Commissioner will examine an external legal opinion. This opinion questions the 1989 transfer of Tata Sons shares. The ...- Nuclear Energy: First draft rules of SHANTI Act ready for consultations, final notification likely in few monthsDraft rules for India's SHANTI Act, 2025, are currently under discussion with ministries. Industry inputs are also being sought on the prop...
- UAE freezes 'Desi Bling' star Satish Sanpal's assets over money laundering probeBesides the financial services accounts and digital wallets of Satish, the FIU freezing order, issued about a fortnight ago, extends to acc...
- AI set to reshape insurance economics, push industry towards scale, specialisation: ReportArtificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers 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...
- Sebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issueSebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders ...
- Chelsea fined £10 million for FA rule breaches, avoid points deductionChelsea received a ten million pound fine from the English FA. This penalty follows admitted historical breaches of football regulations. T...
- Enterprise software company Capillary Technologies orders forensic audit into €3 million fraudThe development follows Capillary's July 6 disclosure that fraudsters used "very advanced deep-fake methodologies like voice cloning, signa...
- IRDAI clears investments in private companies, eases infrastructure funding normsIRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, r...
- Bank of Baroda may trigger cyber insurance claimBank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer...
- Insurers redraw playbook as AI risks spawn new coverAI-specific underwriting is being built into existing policies, with standalone products expected as the market matures.
- 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...
- Transfer of unclaimed shares may go digital; AI, data analytics to perform several tasksThe government plans a new digital system for unclaimed shares and dividends. This system will connect various official platforms using app...
- CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firmGrant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest pro...
- Brookfield-Oaktree deal, digit merger get CCI approvalThe Competition Commission of India approved two significant corporate proposals on Tuesday. Brookfield Asset Management's acquisition of c...
- 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...
- BNP Paribas Cardif to acquire Warburg’s 26% in IndiaFirst LifeBNP Paribas Cardif will re-enter India's life insurance market soon. The French insurer is acquiring Warburg Pincus' stake in IndiaFirst Li...
- 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...
- Charity commissioner seeks reply from Noel Tata on share transferMaharashtra charity commissioner seeks explanation from Noel Tata regarding a 1989 share transfer. The regulator will decide on an independ...
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