IRDAI defines a promoter as having more than a 25% stake in an insurance company. Previously, the threshold was 10%. The regulator introduced provisions that will allow promoters to dilute their stakes down to 26%, given that the insurer is a listed entity and has had a satisfactory solvency record for the past five years. … Read more
State aid: Commission approves €7.75 million Cypriot scheme to support some agricultural producers in the context of Russia’s war against Ukraine European Commission Source link
Hoffman Estates officials have approved the first major revision of the village’s economic development strategic plan in 17 years, setting ambitious goals while recognizing a different business landscape from that of 2005. The strategic plan’s nine strategies include attraction and recruitment; business retention and expansion; foreign direct investment and targeted industry clusters; housing; marketing and … Read more
The Oregon City Council met in regular session last Tuesday night and opened up the meeting with a rather lengthy discussion about occupancy for a new banquet venue in town. The planning committee recommended a variance of the 2015 International Fire Code to increase occupancy from 100 to 300 at the new River’s Edge Experience, … Read more
State aid: Commission approves amendments to German schemes, including up to €45 billion budget increase, to support companies in context of Russia’s war against Ukraine European Commission Source link
IMF Executive Board Approves Paraguay’s Policy Coordination Instrument November 22, 2022 Washington, DC: On November 21, 2022, The Executive Board of the International Monetary Fund (IMF) approved a two-year Policy Coordination … Read more
Hindustan Media Ventures Ltd had approved to invest upto Rs73 crore, in tranches by subscribing to convertible securities of Autope Payment Solution Private Limited (Formerly known as “Anduril Technologies Private Limited”). As per the terms of the agreement, the Company is now converting Tranche 1 investment (which was made into convertible share warrants of Autope) … Read more
IMF Executive Board Approves US$88.3 Million in Emergency Financing Support to Malawi November 21, 2022 The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of US$88.327 million (SDR 69.40 million) … Read more
The Maharashtra State Road Transport Corporation will hire 5,150 electric buses, buy 2,000 diesel buses and convert 5,000 vehicles from diesel to LNG, the decisions being taken in the state-run undertaking’s directors’ board meeting on Friday. A release from the office of Chief Minister Eknath Shinde, who is chairman of MSRTC, said he had approved … Read more
UK PM Rishi Sunak approves 3000 work visas per year for Indians, here’s how to apply for UK Work Visa Photo : iStock UK Prime Minister Rishi Sunak launched the UK-India Young Professionals Scheme on Wednesday. Under this scheme, up to 3,000 visas annually will be offered to Indian students and professionals aged between 18 … Read more