The Insurance sector regulator Irdai has slapped a fine of Rs 24 lakh on policy aggregator Policybazaar for violating advertisement norms with regard to SMS sent to customers last year about increase in term insurance policy premiums.
The Kotak Mahindra Bank has issued the first-ever foreign portfolio investor license to the GIFT IFSC alternative investment fund of True Beacon Global.
The Irish MMA fighter Conor McGregor was the world's highest-paid athlete over the last year ahead of footballers Lionel Messi and Cristiano Ronaldo, according to the annual Forbes list released.