ICICI Bank has approved plans to raise its stake in ICICI Prudential Asset Management Company by up to 2 per cent, as part of efforts to retain majority control ahead of a potential dilution due to stock-based compensation at the fund house.In a regulatory filing on Friday, the bank said its board has cleared the…
The ED’s top law officer, additional solicitor general S V Raju, on Thursday suggested that the PMLA should be amended to make angadias/hawala operators as ‘reporting entity’ under the law. So far, hawala operations are deemed illegal cash transactions. The ASG’s suggestion could bring them under a regulatory framework where they may have to disclose…
President Donald Trump. (Getty Images) Within hours of stepping back into the Oval Office, President Donald Trump wasted no time dismantling Diversity, Equity, and Inclusion (DEI) initiatives. His administration swiftly moved to defund federal DEI programs, placing employees on paid leave and signaling an aggressive rollback. The crackdown extends beyond government agencies—higher education institutions now…
BENGALURU: A day after Governor Thaawar Chand Gehlot rejected Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025, state government said it would address his concerns, rework and resend the proposal for approval within a day or two.Gehlot raised concerns over potential regulatory excesses and termed the proposed penal provisions – up to 10 years…
NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer.The twin measures are…