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Tag: March

IndoStar Capital to exit corporate lending business by March 2022

IndoStar Capital to exit corporate lending business by March 2022

Finance
Mumbai: Alternative asset manager Brookfield and private equity player Everstone promoted non-banking finance company IndoStar Capital Finance is looking to fully exit from corporate lending business by March 2022, its executive vice-chairman and chief executive R Sridhar said. The company has been reducing its corporate book over the last two years, and has brought down the portfolio by close to Rs 3,500 crore. "From a portfolio size of Rs 6,000 crore in 2018, the corporate book is down to Rs 2,500 crore as of date, which is a reduction of around 60 per cent (We have collected Rs 3,500 crore). By March 2022, the wholesale and corporate book will become zero," Sridhar said. The company will continue to focus on and expand its retail segment, he said. Currently, retail segment contribute...
Facility for obtaining electronic customer consent extended till March 2021 for life insurers

Facility for obtaining electronic customer consent extended till March 2021 for life insurers

Finance
MUMBAI: Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till March 31, 2021. In view of the disruption of normal business activity following outbreak of the coronavirus pandemic, IRDAI in August, on an experimental basis, had permitted life insurers to obtain consent of customers for pure risk products (policies which do not involve any savings element) electronically till December 31. On a review of the working of the arrangement and on the basis of feedback from the life insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has now extended the time period and the facility to all products. "Life Insurers are allowed to obtain the customer's consent through electronic m...
Million MAGA March: Thousands of pro-Trump protesters rally in Washington DC

Million MAGA March: Thousands of pro-Trump protesters rally in Washington DC

World
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Tens of thousands march against Lukashenko as hackers leak police details

Tens of thousands march against Lukashenko as hackers leak police details

Technology
Tens of thousands of people marched through the Belarusian capital Minsk on Sunday, calling for the resignation of president Alexander Lukashenko in the sixth straight weekend of protests.It comes as hackers leaked the personal details of more than 2,000 senior police officers in two batches, pledging that "no one will remain anonymous, even under a balaclava", amid reports of violent crackdowns targeting demonstrators. At least 10 people were detained on Sunday, according to the Russian news agency TASS, which quoted a police spokesperson. Human rights group Spring-96 said at least 196 people were detained across the whole of the county. ...
Rights group: More than 300 detained at Minsk women’s march

Rights group: More than 300 detained at Minsk women’s march

World
Police in the capital of Belarus have cracked down sharply on a women's protest march demanding the authoritarian president's resignationBy YURAS KARMANAU Associated PressSeptember 19, 2020, 8:07 PM• 3 min readShare to FacebookShare to TwitterEmail this articleKYIV, Ukraine -- Police in the capital of Belarus cracked down sharply Saturday on a women’s protest march demanding the authoritarian president’s resignation, arresting more than 300 including an elderly woman who has become a symbol of the six weeks of protest that have roiled the country.More than 2,000 women took part in the march in Minsk. Such anti-government marches have become a regular feature of the unprecedented wave of large, persistent protests that began after the Aug. 9 presidential election. Officials said President A