MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, to be introduced by the government in the winter session of Parliament.The Bill seeks to enable 100% FDI in insurance and allows Irdai, the regulator, to issue sector-specific licences, permitting new insurers to…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
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MUMBAI: Vinay Tonse, former managing director at State Bank of India, will take over as chief executive officer of Yes Bank after incumbent Prashant Kumar completes his term on Apr 6, following a change in the bank’s shareholding after Sumitomo Mitsui Banking Corporation acquired a 20% stake and became its largest shareholder.Tonse spent over 35…
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Manikrao Kokate (File photo) NEW DELHI: The Bombay High Court on Friday suspended a two-year sentence to former Maharashtra minister Manikrao Kokate in a case centred around cheating and forgery connected to a government housing scheme. It also granted bail to the NCP leader.However, citing strong preliminary evidence of Kokate’s involvement, the court refused to…
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Ram Lalla idol, Ayodhya Temple (File photo) NEW DELHI: The world’s most expensive mango has found its way to Ayodhya’s Ram Mandir.For the first time, the prized Japanese Miyazaki mango, popularly known as the “Egg of the Sun”, was offered to Lord Ram at the temple in Ayodhya. Considered one of the rarest and costliest…
