Irdai revises cyber security norms, mandates stronger governance
Mumbai: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday issued revised information and cyber security guidelines for regulated entities to strengthen the cybersecurity framework for insurers and intermediaries, mandating tighter governance, enhanced board accountability and more frequent risk reviews.

Axis Max Life Ranks #1 in customer experience amongst life insurers in India: hansa research's Life Insurance CuES 2026
New Delhi: Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life insurers and measures performance in customer satisfaction and trust, as customers demand more personalized and proactive engagement.

LIC share price jumps 6% on bonus issue buzz; analysts weigh in
 

IRDAI forms sub-committee to strengthen health insurance ecosystem in India
India's insurance regulator has taken a significant step to improve the nation's health insurance landscape. The Insurance Regulatory and Development Authority of India (IRDA) has constituted a devoted sub-committee under its Insurance Advisory Committee, as detailed in a press release dated 7 April.

Sebi tightens lock-in norms; LIC jumps on bonus plan; IFSCA cancels licence
The Securities and Exchange Board of India (Sebi) on Wednesday introduced a mechanism to strengthen compliance with lock-in requirements for pledged shares. Under the revised framework, securities that cannot be locked in through existing systems will be marked as “non-transferable” by depositories for the duration of the stipulated lock-in period. Experts said the move will plug a key regulatory gap by ensuring that promoters and pre-IPO shareholders cannot circumvent lock-in norms through pledging arrangements.     

SEBI plugs lock-in gap for pledged shares
The Securities and Exchange Board of India (SEBI) has operationalised a mechanism to enable lock-in of pledged shares by allowing such securities to be marked as “non-transferable” during the lock-in period, plugging a key gap in the existing framework.

PPFAS Asset Management gets PFRDA approval to launch pension fund under NPS
Mumbai: PPFAS Asset Management Pvt. Ltd received approval from the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday to become a sponsor for a pension fund under the National Pension System (NPS).

SBI Mutual Fund books partial profit in engineering stock that has surged 110% in one year
SBI Mutual Fund, the country’s largest AMC, has announced that it has sold part of its stake in Sansera Engineering through an open market transaction, while continuing to retain a sizable position in the auto ancillary firm.

ICICI Prudential AMC sets board meeting date to declare final dividend for FY26
ICICI Prudential Asset Management Company (AMC) Ltd informed exchanges that its board of directors will meet on Monday, 13 April 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026.

Coal Ministry introduces insurance surety bonds as alternative to bank guarantees
New Delhi: The Coal Ministry has recognised Insurance Surety Bonds (ISBs) as an acceptable alternative to bank guarantees (BGs) for bid security and performance security.

Bond yields fall 0.12 pc to below 7 pc on Iran-US ceasefire, RBI status quo
Mumbai: Indian bond yields eased around 0.12 per cent on Wednesday following the conditional two-week ceasefire between the US and Iran, while the Reserve Bank of India (RBI)kept policy rates unchanged.