regulatory

New Delhi [India], Telecom Regulatory Authority of India (TRAI) has kept OTT out of regulation in its recommendations for the National Broadcasting Policy-2024 (NBP). TRAI's recommendations have left out the possibility of future limitations on Google, Facebook and WhatsApp.OTT platforms are...

In Mumbai (Maharashtra) [India], RBI Governor Shaktikanta Das said on Thursday that the Indian financial system is in a "much stronger position", characterized by strong capital adequacy, low levels of non-performing assets and healthy profitability of banks and non-financial companies. -bank...

"As the Reserve Bank approaches its centenary, we have put together strategies that will prepare it to remain future-ready for India's fast-growing economy," Das said at the Global Conference on Financial Resilience."We aim to make Reserve Bank supervision a global model, by building a...

New Delhi, markets watchdog Sebi has directed non-banking financial firm Religare Enterprises (REL) to seek legal approvals from regulatory authorities for an open offer by the Burman family, promoter of Dabur India, by 12 of July.The Burmese group accused Religare's board of directors and its...

Mumbai, Aviation regulator DGCA on Thursday said it has eased norms related to seaplane operations under the government's flagship regional air connectivity scheme UDAN.The revised norms will streamline infrastructure processes, pilot training requirements and regulatory compliance, paving the...

New Delhi [India], In a major step towards sustainable and safe seaplane operations, civil aviation regulator DGCA has revamped its regulatory provisions.The General Directorate of Civil Aviation (DGAC) reported that the fundamental amendments will streamline infrastructure procedures, pilot...

New Delhi: The government has withdrawn GST demand of Rs 2,02.83 crore from Jagran Prakashan, publisher of Hindi daily Dainik Jagran said in a regulatory filing.The company has received an "order to drop the proceedings" in respect of the alleged GST demand of Rs 2,02,82,60,875 (including...

Mumbai, The Reserve Bank on Wednesday invited applications for recognition of self-regulatory organizations (SROs) for the NBFC sector under the central bank's omnibus framework.The applicant must have acquired a minimum net worth of Rs 2 crore within a period of one year after being...

Mumbai, (Maharashtra) [India] June 19: Zurich Insurance Company Limited (Zurich) has acquired majority stake in Kotak Mahindra General Insurance Company Limited from Kotak Mahindra Bank. Zurich says the acquisition process is complete following all necessary regulatory approvals.Zurich has...

New Delhi, PNB Housing Finance on Tuesday said its board has approved raising Rs 10,000 crore through non-convertible debentures (NCDs) to grow its business.PNB Housing Finance said in a regulatory filing that the funds will be raised in one or more tranches through NCDs on a private placement...

New Delhi, Capital markets watchdog SEBI has started the process for the recruitment of an Executive Director and has invited applications to fill the vacant post.Securities and Exchange Board of India (SEBI) has invited applications for this post till July 18.The appointment of the...

Non-banking financial institutions do not have a full banking license and thus, they cannot accept public deposits. These institutions focus on providing credit to consumers and businesses which play a vital role in driving economic growth.The report said that over the past decade, the Indian...

NEW DELHI: Former WhatsApp chief business officer Neeraj Arora has quit the board of fintech firm One97 Communications, owner of the Paytm brand, citing prior business and personal commitments, a regulatory filing said on Monday.Arora left the Paytm board in early 2018, but rejoined it ahead...

New Delhi [India], India's non-banking financial sector recorded a growth of 10 per cent even as the sector declined by 3 per cent globally, an SBI report said.Non-banking financial institutions are generally those that do not have a full banking license and thus, cannot accept public...

Hyundai Motor rose 6.34 percent to 285,000 won (US$206) shortly after the open on the South Korean exchange, a new 52-week peak.The stock pared early gains to 279,000 won by 10:30 a.m. (South Korean time), Yonhap news agency reported.Earlier in the day, Hyundai Motor said in a regulatory...

New Delhi, IIFL Finance on Sunday reported a 6 per cent decline in consolidated net profit to Rs 431 crore for the March quarter as the RBI barred the financial services firm from doing gold loan business.In the same quarter a year ago, the company had earned a net profit of Rs 458 crore.The...

New Delhi, Union Minister Ashwini Vaishnav on Saturday said work on drafting rules under the data protection law is in an advanced stage and an industry-wide consultation is set to take place soon. He said India will also look to double electronics production and add jobs under the Modi 3.0...

Islamabad: In a major relief to the inflation-stricken public in cash-strapped Pakistan, the government has cut the prices of petrol and high-speed diesel (HSD) by Rs 10.20 and Rs 2.33 per liter respectively ahead of the Eid Ul Azha festival. Is of.The price cut, effective from Saturday, will...

The Telecom Regulatory Authority of India (TRAI) met representatives of the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and other financial institutions and all. Telecommunication Service Provider...

New Delhi: Telecom regulator TRAI has taken up the nuisance and fraudulent call issues with banking and financial services sector companies and regulators in a meeting held on Friday, an official statement said.Telecom Regulatory Authority of India (TRAI) said in a statement that during the...