Private insurers seek tweaks in unlisted investment plan

Private insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholders’ funds instead of surplus. This change could unlock billions for investment in privately held businesses. The proposed framework may expand sector…

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Vanishing jobs in finance

Globally, banks and financial institutions are rethinking workforce requirements as AI and automation become mainstream. Standard Chartered recently announced plans to reduce thousands of jobs over the next few years while accelerating AI adoption. Global lenders such as Citi, UBS,…

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