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The letter was in response to a consultation paper IRDAI issued on September 23, titled "Recalibrating Economics of Insurance Distribution".
Posted in Business

IRDAI’s proposed commission curbs well-intentioned but flawed: Rajya Sabha MP to regulator

Rajya Sabha MP Praveen Chakravarty has urged the Insurance Regulatory and Development Authority of India (IRDAI) to revisit its proposed rules for insurance intermediaries, saying…

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Apple has heard the complaints and, while not naming Meta, notes that AI agents are the reason for implementing this change now.
Posted in Business

Pope Leo XIV brings Anthropic down a peg, AI costs spike, and Meta annoys Apple

Cognitive warmup. It just had to be a Meta product, didn’t it? Apple is making significant disk access changes after many Meta Muse users complained…

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The TAIEX index is pictured through a camera viewfinder at the Taiwan Stock Exchange in Taipei, Taiwan April 21, 2026. (REUTERS)
Posted in Business

Taiwan’s Taiex pulls ahead of South Korea’s Kospi as AI trade widens

As equity investors enter the final stretch of a pivotal year that’s propelled South Korea and Taiwan to the forefront of the global AI trade,…

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Posted in Economy

Chhattisgarh CM Sai secures Rs 43,600 crore FDI commitments from Singapore

Singapore: Chhattisgarh’s Chief Minister Shri Vishnu Deo Sai has secured INR 43,600 crore in FDI commitments from Singapore, among the largest the state has secured…

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Prosus: Prosus steps up India fintech bets with Kiwi, Oolka funding talks
Posted in Startups

Prosus: Prosus steps up India fintech bets with Kiwi, Oolka funding talks

Amsterdam-listed technology investor Prosus is in talks to invest in fintech startups Kiwi and Oolka, expanding a string of bets on Indian financial services companies…

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Garuda Aerospace lands $10 million pre-IPO funding at $320 million valuation
Posted in Startups

Garuda Aerospace lands $10 million pre-IPO funding at $320 million valuation

Chennai-based drone technology company Garuda Aerospace has raised around $10 million (about Rs 96 crore) in a pre-initial public offering (IPO) funding round at a…

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Posted in Economy

Services activity hits 3-month high in September on demand surge

NEW DELHI: India’s services activity rose to a three-month high in September, supported by stronger domestic demand and improved sales performance, according to a private…

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Posted in Economy

World Bank bumps up FY27 India growth outlook to 7.1%

New Delhi: The World Bank on Tuesday raised its India growth forecast for FY27 to 7.1% from 6.6% estimated earlier, citing robust domestic demand and…

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Posted in Economy

Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude Trichet

Institutional stability and steady pursuit of reforms are the two key elements that will take India to its goal of becoming a developed nation by…

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Posted in Economy

GST Council to focus on auto refunds, swifter ITC, fewer notices

NEW DELHI: The Goods and Services Tax (GST) Council is set to push through a major ease-of-doing-business reset on October 8, with the government proposing…

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